Payroll Rules & Administration Made Simple Includes Review & Implementation of New Overtime Rules

Duration 75 Mins
Level Basic & Intermediate
Webinar ID IQW19H0828

  • Proper classification of workers as contractors or employees
  • Proper classification of employees as exempt or non-exempt under new rules
  • Importance of job description in implementation of new rules
  • Proper implementation of FLSA rules
  • Proper payment of exempt and non-exempt under FLSA rules
  • Achieving perfection and prevention consistent with the implementation of FLSA rules The overall goal of perfection and prevention in payroll administration
  • Identifying workers as contractors vs. employees
  • Identifying employees as exempt from overtime using FLSA rules in the categories of
    1. Executives
    2. Administration
    3. Professional
    4. Computer professionals
    5. Outside Sales Professionals
  • Salary and duties test  under FLSA for exempt employees
  • The value of the job description and its proper preparation
  • Consideration of  record keeping, accounting & reporting, policies & procedures
  • Proper payment to newly classified exempt and those that by default fall to the non-exempt category
  • How to handle non-discretionary bonuses consistent with paying overtime and the new overtime rules
  • Achieving perfection & prevention in payroll consistent with new rules
  • New Overtime rules are being proposed
  • Involves possible reclassification of employees from exempt to non-exempt based on the salary threshold
  • Companies must understand and implement these new rules
  • This Webinar covers a review & implementation of these new rulesSpecific review, understanding & implementation of the Dept of Labor new propose overtime rules are covered to provide a perfect path to compliance

 

Overview of the webinar

This webinar covers the complete context of payroll rules and administration made simple. It starts with the basic classification of workers properly classified as Contractors or Workers.  Rules for Payment and administration of Contractors is outlined. Rules for workers   classified as “Exempt”  or “Non-exempt” based on FLSA . Rules for payments to exempt and non-exempt employees are examined. Overtime rules are outlined for non-exempt employees in addition to record keeping & reporting for all employees.

Webinar stresses that payroll administration is only accepted if perfect. Achieving perfection in payroll processing is the overall theme of this webinar. Special attention is paid to the understanding & implementation of the Dept of Labor new proposed overtime rules. New Rules will require complete review of all jobs & descriptions, policies & procedures & handbooks.  More employees will be eligible for overtime causing an increase in administration and costs. This major implementation will also have cultural impact as employees must be moved to different classifications for compliance.

Who should attend?

  • HR Personnel
  • PR Personnel
  • Supervisors
  • Managers
  • Controllers
  • Planning & Budgeting Professionals

Why should you attend?

Payroll is most important aspect of any business.It leads to employee morale.It must be perfect and comply with all the rules.This webinar examines all the payroll rules of the FLSA and how to implement them to achieve perfection.It is a simple approach to payroll rules and administration an guaranteed to give attendees a good working knowledge of payroll rules & administration in simple to understand and apply tools & techniques.

Faculty - Mr.Carl Young

Carl Young is an Author, Speaker, Trainer, Consultant & Coach. He holds an MBA and completed graduate studies in Accounting and Taxations. He is a former CFO of a 275M High growth technology-based company. He has over 25 years of senior-level business management experience. He has over 25 years of training experience in finance, accounting and business management. Former CEO of his own small parts manufacturing company. Former Senior Financial Associate of a major consulting firm.
He is a member of the American Society of Corporate Controllers. Member of the Council of Experts of the investment firm Gerson & Lehrman. Member of the Society of Industry Leaders sponsored by Standard & Poors. Member of the National Association of Accountants.
An engaging & entertaining speaker and trainer who draws from his experiences as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include lots of audience interaction. He has branded himself Mr Simplicity. His goal is to make finance & accounting relevant to non-financial professionals with tools & techniques that are simple to understand and apply. 
 

Credits

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

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