Calculating Overtime Efficiently: How to Get It Right Every Time 2.5 Credits
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Ever thought calculating overtime pay for nonexempt employees was as simple as counting extra hours and multiplying by a higher rate? Think again.Â
Common folk lore says you simply count the employee's work 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? Â
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 such as a quarter or a full year?
Then what happens if you get it wrong? Â 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.Â
Penalties for overtime violations can be severe with the possibility of fines, imprisonment, or both! Â Add civil suits to the mix and the results can devastate any business no matter how large or small! Â 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 CPE Business Law Webinar, we're diving deep. We'll kick off with section 1, unraveling who's eligible for overtime. From there, we'll decode the crucial definitions that underpin accurate overtime calculations. The Portal-to-Portal Act will shed light on what truly constitutes "hours worked." Armed with these fundamentals, we'll demystify the regular rate of pay and its impact on overtime. Get ready to master the art of calculating overtime pay, factoring in various additional pay and multi-week scenarios. And that's not all – we'll also explore other intricate calculations that can sway overtime payment outcomes.Â
After all, one miscalculation could lead to penalties that pack a double punch, especially considering most states mirror the FLSA's overtime definition. Let's unlock the secrets together.
Key Topics Covered in this Course:
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Vicki M. Lambert, CPP, is president and academic director of The Payroll Advisor™ a firm specializing in training payroll professionals. 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 is a 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.
Ms. Lambert has lectured extensively on payroll administration and compliance issues for clients that have included Automatic Data Processing, CCH Incorporated, Ceridian Employer Services, and The Employer Group. Ms. Lambert has also served as a consultant and in-house trainer for businesses such as Sun Microsystems, Paychex, Fox Studios, Disney, County of Riverside, and City of Hesperia.
Ms. Lambert is an adjunct faculty member at Brandman University in Southern California. She is the creator of and the instructor for the Practical Payroll Online program offered through the School of Extended Education. Ms. Lambert currently produces and presents audio seminars and webcasts for clients and business groups throughout the country.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
ME
Thank you for including information about Salary Non-Exempt. This topic is so frequently left out of any type of training and even though it may not apply to all areas of the workforce it is so important for some training to be included about it as it can be very confusing to manage in the payroll department.
NK
I enjoyed the teaching style of the instructor - she had the ability to take a complex teaching and present it in a way that not only simplified but also made it very easy to understand.
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