3 Ways to Avoid Costly Wage and Hour Problems

This Fair Labor Standards Act compliance training will focus on the ways to avoid costly wage and hour problems under FLSA. Attendees will learn exempt classification and how to calculate overtime. Why Should You Attend: In 2014 the U. S. Department of Labor has promised to make right all the things that employers are doing wrong under the Fair Labor Standards Act (FLSA). Misclassification of employees is one major area that both the USDOL and the IRS are clamping down on. Mistakes in classification can result in major settlements, including back pay, payment of fines, and reclassification. The second area that is being investigated is improper payment of overtime. The USDOL has said that employers are stealing wages from their employees and they intend to correct all those mistakes. Mistakes on payment of overtime can be expensive to correct, because if you have been making that mistake on one employee you have been making for many. Correcting overtime pay means going back two years or more to correct your mistakes. This can be very expensive. This webinar will address the following key topics: Exempt classification under the FLSA Who is a nonexempt employee How nonexempt employees are paid overtime Alternative to time and a half Areas Covered in the Webinar: What is a nonexempt employee What is an exempt employee A brief word about independent contractors How to calculate overtime: a. Time and a half is not so simple b. Regular rate of pay c. The effect of bonuses d. The effect of productivity pay An alternative way to calculate overtime Who Will Benefit: Small business owners Payroll managers HR managers

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