2024 DOL Overtime Rule Unlocked: Master Updates and Avoid Costly Mistakes
Don’t Let Overtime Miscalculations Hurt Your Bottom Line!
Instructor :
Mark Schwartz
Webinar ID:
16277
Date: NOV 22, 2024 (FRI)
Start Time: 10 AM PT - 11:30 AM PT
Duration: 90 Mins.
What you will learn
-
- Overview Of Exempt Vs. Non-Exempt Workers Under The FLSA.
- Key Definitions: Overtime Hours, Workweek, And State-Specific Rules.
- Employers Not Covered By The FLSA Regulations.
- Included And Excluded Work Time For Overtime Calculations.
- Calculating Overtime With Shift Differentials And Workweek Changes.
- Payments Counting Toward The Regular Rate Of Pay….
-
- Overview Of Exempt Vs. Non-Exempt Workers Under The FLSA.
- Key Definitions: Overtime Hours, Workweek, And State-Specific Rules.
- Employers Not Covered By The FLSA Regulations.
- Included And Excluded Work Time For Overtime Calculations.
- Calculating Overtime With Shift Differentials And Workweek Changes.
- Payments Counting Toward The Regular Rate Of Pay.
- Handling Pay Outside Regular Payday For Overtime Weeks.
- Practical Numerical Examples For Overtime Calculation Scenarios.
- Bonus: PDF Handouts, Certificate, And Q&A Session With Presenter.
Course Description
The Department of Labor (DOL) has issued a new final rule that raises the salary thresholds for employees who can be considered exempt from overtime.
In this 90-minute webinar, we will break down the specific new salary amounts and provide additional important details about the rule.
If your employees work more than 40 hours in a workweek—or more than 8 hours a day in some states—they are entitled to overtime pay at 1.5 times their hourly rate of pay (HRP). Are you aware of all the payment types that require an overtime premium?
Join Mark Schwartz, an industry expert, in this essential webinar designed for payroll professionals to ensure full compliance with overtime regulations and to assist CFOs in accurately budgeting payroll expenses.
Key Takeaways:
-
- What hours qualify for wages, and which are eligible for overtime premiums.
- How to determine if fringe benefits and supplemental payments should be included in the hourly rate.
- Managing shift differentials when an employee’s workweek changes.
- Understanding state-specific overtime rules and how they differ from FLSA minimums.
- Best practices for handling payments made after a regular payday and allocating them to weeks with overtime work.
- Restrictions on setting workweeks and why proper payroll management is critical to compliance.
Learn how these changes will impact your business and the steps you can take to prevent future complications.
Register Now to stay compliant and ensure your payroll processes run smoothly in light of these new regulations!
The Department of Labor (DOL) has issued a new final rule that raises the salary thresholds for employees who can be considered exempt from overtime.
In this 90-minute webinar, we will break down the specific new salary amounts and provide additional important details about the rule.
If your employees work more than 40 hours in a workweek—or more than 8 hours a day in some states—they are entitled to overtime pay at 1.5 times their hourly rate of pay (HRP). Are you aware of all the payment types that require an overtime premium?
Join Mark Schwartz, an industry expert, in this essential webinar designed for payroll professionals to ensure full compliance with overtime regulations and to assist CFOs in accurately budgeting payroll expenses.
Key Takeaways:
-
- What hours qualify for wages, and which are eligible for overtime premiums.
- How to determine if fringe benefits and supplemental payments should be included in the hourly rate.
- Managing shift differentials when an employee’s workweek changes.
- Understanding state-specific overtime rules and how they differ from FLSA minimums.
- Best practices for handling payments made after a regular payday and allocating them to weeks with overtime work.
- Restrictions on setting workweeks and why proper payroll management is critical to compliance.
Learn how these changes will impact your business and the steps you can take to prevent future complications.
Register Now to stay compliant and ensure your payroll processes run smoothly in light of these new regulations!
Why you should attend
Are you fully prepared for how the latest DOL overtime updates will impact your payroll strategy?
With the landscape constantly evolving, staying updated on changes in exempt vs. non-exempt classifications is crucial for maintaining compliance. Is your business ready to adapt to these regulatory shifts?
Although the rules surrounding exempt vs. non-exempt employees have shifted multiple times over the past decade, one principle remains constant: overtime worked is overtime earned—with no exceptions. However, calculating overtime is not as simple as multiplying a worker’s hourly rate by 1.5.
This course provides a comprehensive refresher on which hours and types of payments should be included when determining overtime pay. You’ll gain practical insights into the intricacies of overtime calculations and learn effective strategies to manage these changes without increasing your costs.
Our expert will guide you through complex scenarios, ensuring you master the new compliance requirements and safeguard your business from potential pitfalls.
Enroll Now to ensure your business stays compliant and avoids costly mistakes!
Are you fully prepared for how the latest DOL overtime updates will impact your payroll strategy?
With the landscape constantly evolving, staying updated on changes in exempt vs. non-exempt classifications is crucial for maintaining compliance. Is your business ready to adapt to these regulatory shifts?
Although the rules surrounding exempt vs. non-exempt employees have shifted multiple times over the past decade, one principle remains constant: overtime worked is overtime earned—with no exceptions. However, calculating overtime is not as simple as multiplying a worker’s hourly rate by 1.5.
This course provides a comprehensive refresher on which hours and types of payments should be included when determining overtime pay. You’ll gain practical insights into the intricacies of overtime calculations and learn effective strategies to manage these changes without increasing your costs.
Our expert will guide you through complex scenarios, ensuring you master the new compliance requirements and safeguard your business from potential pitfalls.
Enroll Now to ensure your business stays compliant and avoids costly mistakes!
Course Agenda
In this 90-minute webinar, you will learn how to accurately calculate overtime based on the latest regulations:
- Overtime Basics as Established by the FLSA (Fair Labor Standards Act):
- Overview of Exempt vs. Non-Exempt Workers
- Key Definitions: Overtime Hours, Workweek, and more
- Employers Not Covered by the FLSA
- State-Specific Definitions for Hours Worked, Exempt Employees, and other Variations
- Understanding What Counts Toward Overtime:
- Work Time that is Included or Excluded from Overtime Calculations:
- Breaks
- Time Away from the Office
- Travel
- Pre- and Post-Shift Work
- Training
- Work Time that is Included or Excluded from Overtime Calculations:
- Workweek and Overtime Calculations:
- What Qualifies as a Workweek, and What Doesn’t
- How to Calculate Overtime with Shift Differentials and Workweek Changes
- What Payments Count Toward the “Regular Rate of Pay”
- Calculating the Regular Rate of Pay in Unusual Circumstances
- How to Handle Payments Outside the Regular Payday for Weeks Involving Overtime
- Real-World Applications:
- Numerical Examples to Illustrate Overtime Calculations
Bonus Materials:
-
-
- PDF Copy of the Presentation Handout for Future Reference
- Soft Copy of the Certificate of Completion (Upon Request)
- Q&A Session with the Presenter: Get Your Questions Answered via Verbal, Chat, or Email Interaction
-
In this 90-minute webinar, you will learn how to accurately calculate overtime based on the latest regulations:
- Overtime Basics as Established by the FLSA (Fair Labor Standards Act):
- Overview of Exempt vs. Non-Exempt Workers
- Key Definitions: Overtime Hours, Workweek, and more
- Employers Not Covered by the FLSA
- State-Specific Definitions for Hours Worked, Exempt Employees, and other Variations
- Understanding What Counts Toward Overtime:
- Work Time that is Included or Excluded from Overtime Calculations:
- Breaks
- Time Away from the Office
- Travel
- Pre- and Post-Shift Work
- Training
- Work Time that is Included or Excluded from Overtime Calculations:
- Workweek and Overtime Calculations:
- What Qualifies as a Workweek, and What Doesn’t
- How to Calculate Overtime with Shift Differentials and Workweek Changes
- What Payments Count Toward the “Regular Rate of Pay”
- Calculating the Regular Rate of Pay in Unusual Circumstances
- How to Handle Payments Outside the Regular Payday for Weeks Involving Overtime
- Real-World Applications:
- Numerical Examples to Illustrate Overtime Calculations
Bonus Materials:
-
-
- PDF Copy of the Presentation Handout for Future Reference
- Soft Copy of the Certificate of Completion (Upon Request)
- Q&A Session with the Presenter: Get Your Questions Answered via Verbal, Chat, or Email Interaction
-
Who is this course for
Maximize the Learning Experience in A Group Setting!
-
- Payroll Manager
- HR Manager
- Compensation and Benefits Specialist
- CFO (Chief Financial Officer)
- Compliance Officer
- Finance Manager
- Payroll Administrator
- Employment Law Attorney
- Labor Relations Specialist
Maximize the Learning Experience in A Group Setting!
-
- Payroll Manager
- HR Manager
- Compensation and Benefits Specialist
- CFO (Chief Financial Officer)
- Compliance Officer
- Finance Manager….
Instructor Profile
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.
Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.
Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.
Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.
