Calculating Overtime in 2019: How to Get it Right Every Time

Speaker

Instructor: Vicki M. Lambert
Product ID: 704144

Location
  • Duration: 90 Min
This training program will discuss how to calculate overtime under the FLSA rules for nonexempt employees. The session will also cover definitions of overtime and calculation examples.
RECORDED TRAINING
Last Recorded Date: Jun-2016

 

$249.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
(For multiple locations contact Customer Care)

$299.00
Downloadable file is for usage in one location only. info Downloadable link along with the materials will be emailed within 2 business days
(For multiple locations contact Customer Care)

 

 

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Why Should You Attend:

Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business no matter how large or small! And just to make it interesting, most states use the same definition to calculate overtime as the FLSA does. So one error can earn you double the penalties.

This webinar will discuss how to calculate overtime under the FLSA rules for nonexempt employees, including definitions of overtime and calculation examples.

Learning Objectives:

  • Gain knowledge of and skills in federal and applicable state wage and hour law as it pertains to payroll preparation
  • Understand proper calculation of gross pay
  • Understand proper calculation of overtime pay
  • A sound knowledge of the terminology used by the FLSA as it pertains to calculating overtime and hours worked
  • Basic understanding of what is considered hours worked and how to handle such working hours as travel pay and meeting times
  • Gain knowledge of when an employee must be given a lunch and when an employer may dock for meal periods
  • Knowledge of the requirements for paying employees including pay frequencies permitted and methods allowed under state laws
  • Basic understanding of what must be included on a paystu

Areas Covered in the Webinar:

  • What is the definition of overtime under the FLSA- it's not what most people think
  • What is the Portal-to-Portal Act and how does it affect overtime
  • How to calculate the regular rate of pay
  • Tracking hours worked and the use of rounding practices
  • The eight narrowly construed exceptions to inclusion of payments in the regular rate
  • When you must include a bonus in calculating your employee’s overtime pay
  • What is the overtime premium and how is it calculated
  • How to calculate overtime if a bonus covers more than one workweek
  • Using the weighted average method to calculate overtime when and where it must be done
  • When and how to use the fluctuating workweek
  • When can the alternate method of calculating overtime be used

Who Will Benefit:

  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
  • Human Resources Executives/Managers/Administrators
  • Accounting Personnel
  • Business Owners/Executive Officers/Operations and Departmental Managers
  • Lawmakers
  • Attorneys/Legal Professionals
  • Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
Instructor Profile:
Vicki M. Lambert

Vicki M. Lambert
President and Academic Director, The Payroll Advisor

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.

Topic Background:

Calculating overtime pay for nonexempt employees sounds so simple. Common folk lore says you simply count the hours the employee works beyond 40 hours a week. Then you multiply that by 1.5 times their hourly pay rate and you’re done right? Not so fast. The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky. Overtime under the Fair Labor Standards Act is based on a unique term, created in 1938, known as the regular rate of pay. And calculating the regular rate of pay is more complex than it appears. What’s included in the calculation? The reasonable cost of meals, lodging, nondiscretionary bonuses, commissions, on-call pay, shift differentials, cash benefit payments from Section 125 Cafeteria Plans, the list goes on… And that’s just computing the regular rate – we haven’t even touched overtime yet! For example, when a bonus must be included in calculating the rate what overtime does it apply to? When the bonus is paid or when the bonus was earned? What if the bonus spans a long period of time such as a quarter or a full year?

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