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Wage and Hour Law Compliance: It’s More than just Paying the Hours on a Time Card

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Before starting this self study program, please go through the instructional document.

Overview

  • Definition of overtime
    5 mins
  • Work week
    11 mins
  • Rounding Practices
    19 mins
  • Thus US Supreme Court ruling on Hours worked
    28 mins
  • Regular Rate of Pay
    36 mins
  • Methods for calculating overtime
    45 mins
  • Comparing the right and wrong way of calculation
    56 mins
  • Meals and Lodging Credits against Minimum wage
    68 mins
  • Statements (Paystubs)
    82 mins
  • Paying terminated employees
    97 mins
  • Vacation Payout Requirements
    102 mins

Course Description

The Department of Labor takes investigations of Wage and Hour violations very seriously!  In recent years, agency-initiated investigations have increased dramatically. In FY2019 alone, agency-initiated investigations found violations that resulted in fines and penalties in excess of $322 million!

Civil lawsuits for Wage and Hour violations are always a threat to business.  Penalties have been so severe that they have shaken the financial foundations of some of the world’s most successful companies.

Join Vicki M. Lambert, CPP for this information packed webinar and get the information you need to help protect your company from financial jeopardy!

This online webinar concentrates on federal and state wage and hour requirements that must be followed in the payroll department. Areas of discussion include calculating overtime, travel time, minimum wage, posting requirements, meal and rest periods, how often an employee must be paid and by what method and paying terminated employees.

In this online CPE webinar, we will discuss the wage and hour laws that apply to paying employees on the federal and state level.  We start with defining the crucial elements of wage and hour law including what is work week, a work day and hours worked and how the hours must be tracked or accounted for. From this basis we first discuss not only the rules for calculating overtime but the effects that other payments have on overtime including discretionary and nondiscretionary bonuses and commissions. We then work through examples of calculating overtime correctly using both the FLSA method and the alternate (or commonly understood) method as well as what to do if the employee is working at two or more rates.  We will discuss the minimum wage and how it can be different on the state or the federal level and what can be used as credit against it by the employer.  But federal law does not cover all aspects of paying employees.  For this we need to concentrate on state laws in the areas of paid family leave, mandatory sick leave, meal and rest periods, pay stubs and notices, how often employees must be paid, acceptable methods that may be used to pay employees, and handling terminating employees including vacation pay-outs. We conclude with our section on what can be legally deducted from the employee’s wages. 

Key topics:

  • Definitions and basics
  • Regular rate of pay
  • Calculating overtime
  • Minimum wages
  • Leave, meals, postings and pay stubs
  • Paying employees

No prerequisites or advanced preparation required

Learning Objectives

  • To define the wage and hour terms work week, work day, hours worked, overtime and minimum wage
  • To contrast the difference between federal and state laws and when which law take priority
  • To compute overtime correctly under the FLSA when such factors as nondiscretionary bonuses, commissions, shift differential, piece work or other factors are being paid to the employee
  • To explain how to track hours worked to pay the employee correctly including rounding of hours and what is considered “de minimis” timekeeping.
  • To calculate the weighted average of pay rates and to correctly determine the overtime due to an employee who is working at two or more rates in a work week.
  • To discuss the requirements for how often to pay employees and by what method under state laws

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Certified Public Accountant
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Human Resources Manager
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

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