Although the rules on exempt vs non-exempt employees has changed a few times in the past 10 years, overtime worked is, and has always been, overtime earned. THERE ARE NO EXCEPTIONS. But 1.5 time a workers hourly rate of pay is just the start of calculating overtime earned. This course is designed as a refresher on what hours and payments are considered in calculating overtime pay.
Why You Should Attend:
THE DOL issued it’s new final rule on exempt workers. The Rule increases salary thresholds for all employees who can be considered exempt from overtime. Learn exactly what the new amounts are and other information from the rule.
If your employee works more than 40 hrs in a workweek (or over 8 hrs in a day in some states) – they have earned overtime of at least 1.5 times their hourly rate of pay (HRP). Do you know all types of payments that carry an overtime premium? If not, Join Mark Schwartz in this informative webinar designed for the seasoned payroll professional to properly analyze compliance with overtime regulation, and help their CFO properly budget payroll expenses.
Session Highlights:
2. State definitions for hours worked, exempt employees, and more
3. Work time that is included or excluded from hours that count toward overtime, including:
4. What qualifies as a work week, and what doesn’t.
5. How to calculate overtime due with shift differentials work week changes.
6. What payments count toward the “regular rate of pay.”
7. How to calculate regular rate of pay in unusual circumstances
8. How to take into account pay that happens outside the normal payday for weeks worked overtime.
Who will Benefit:
Budgeting personnel. Payroll personnel and management. HR managers. Department managers and budget personnel. Timekeepers. Financial dept personnel.
$199.00 – $389.00
