Details
This webinar discusses how to calculate overtime under the FLSA rules for nonexempt employees. Includes definitions of overtime and calculation examples.
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?
Then what happens if you get it
wrong? Nobody pays attention, do they?
According to the Department of Labor they collected more than $230 million in
back wages for more than 190,000 workers in FY 2021 alone. Of that amount
collected, $138 million was for back overtime.
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.
In
this event we will cover:
·
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
Credits
-
JIT Trainings is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
Vicki M. Lambert
F.A.Q
What is a Live webinar/Training Course?
Live training course/ webinar is an Online training seminar which you can access through your computer and laptop or phone and directly interact with our expert speaker and allow to ask questions during the Live webinar. Conference material used by our speaker to the Live webinar will be provide with your Instruction kit before the Training.
What is a Recorded webinar/ Training Course?
Recorded webinars or On-Demand are self-paced audio-visual training program that you can watch at your own pace to earn Continuing Education Units (if applicable). Online, recorded training courses are accessible whenever you choose, for an unlimited number of times. Additionally, you have three months from the purchase date to watch as many times as you like. After a live training or webinar has started, you will receive the instructions and link to access the recorded training course. If it has already been recorded, you can access it right away.
How do I register/purchase training?
Browse our website and choose your interest of webinar and product, select the quantity, click on the ‘Add to Cart’ button to purchase it and check cart option. Enter the asked details to create an account on our website. These details are required in order to deliver you the product. Pay through our 100% secure payment methods. Choose paying by PayPal account or Debit/Credit card.
How do I watch/attend the training course?
Live Training Course- You will get the Live webinar Instruction kit with the joining link one day prior to the Live webinar on your registered email address. Recorded Training Course - You can watch your recorded session by accessing the link which will be provided in instruction kit through your email, or you can access your recorded session link in your registered account.
What are the system requirements to attend a live/Recorded Training Course?
You can easily access your webinars by computer and laptop or with your phone.
What happens if I am unable to join the webinar or live training course?
No need to worry! Your Live Training purchase will be automatically changed in the Recorded webinar which you can watch anytime at per your convenience in your registered account or through Instruction kit on your email. You can directly contact us through chat box or by email support@jittrainings.com regarding the changes.
When and how will I receive information on how to participate in live Training Course or Recorded Training Course?
Live Training Course– You will receive instruction kit one day prior to the Live webinar on your registered email address. Recorded Training Course– Instruction kit to access the Recorded Training Course will be emailed on your registered email address after 24 hours of the Live webinar and in case of pre-recorded webinar you will get your Instructions after 12 hours of your purchase.
Are there any discounts offered for training a group or multiple participants?
Yes. Our group participant training choices are created with large audiences in mind and offer cost-effective options. To learn more, contact us via chat or at support@jittrainings.com.
What are the various modes of payment?
We accept following forms of payment methods: All major credit cards and debit cards are accepted through Stripe - Visa, MasterCard, Discover, American Express etc. We accept payments through PayPal, Invoices. - Email us on support@jittrainings.com or chat with us to know about it.
Why have I not received the Email invitation with the link for the webinar?
Please verify that the email address you provided when joining up with us is accurate. If so, kindly check to see if the email was delivered to your spam or bulk mail folder. If you are still unable to locate this email, we kindly ask that you get in touch with our customer support team by phone or email using the information on the Contact Us page.
Can I share my recorded webinar access link or content with my other colleagues?
The terms and conditions established prior to the purchase were clear that the link supplied was just for your use. Anyone else you know who wants to watch this recorded webinar must do so on their own dime. The recorded webinar is only available as a streaming option; downloading is not permitted.
Reviews
No reviews yet.
-
Recorded$ 155
-
E-transcript$ 155
-
Recorded + E-transcript$ 165
-
Recorded with Copyright$ 175
