Ensure you’re compliant with employee wage payments and avoid back pay, wage and hour violations, and other consequences.
One of the most common United States Department of Labor (USDOL) wage and hour violations is the incorrect payment of overtime wages. The USDOL reports that, in 2022, an average of $1,393 in back wages was collected for each employee. Back wages are not the only impact of incorrect overtime calculations. Also impacted are tax payments, benefits, reporting, etc. The impact of paying employees incorrectly is far-reaching and expensive. Payment of wages is more complicated than the hourly rate multiplied by hours worked. If you offer shift differentials, health insurance opt-out money, and bonuses for production, attendance, and on-call time - the calculation of the overtime rate of pay becomes more complicated. This presentation will provide you with the information and understanding you need to ensure your compliance with employee wage payments and avoid back pay, wage and hour violations, and other consequences of incorrect wage payments.
Learning Objectives
- You will be able to define employee payments that must be included in the overtime pay calculation.
- You will be able to discuss the impact of bonus programs on the calculation of overtime pay.
- You will be able to recognize if an employee’s pay is compliant with regulatory requirements.
- You will be able to identify if a bonus is discretionary or non-discretionary.
Agenda
Compensable vs Non-Compensable Time
- Define Compensable Time
- Define Donning and Doffing Time
- Review of Waiting Time, Rest Breaks, Training, Travel, and Other Types of Employee Engagement
Discretionary vs Non-Discretionary Payments
- Define a Discretionary Bonus
- Define a Non-Discretionary Bonus
Base Rate, Regular Rate and Premium Rate
- Define Base Rate
- Define Regular Rate - What Does It Include and Exclude?
- Define Premium Rate
- Calculation Example
Best Practices and Options
- Options to Make the Calculation Easier
Speakers
Tricia Richardson, CPP, SPHR, SHRM-SCP,
Purposed Payroll Professional- President, Purposed Payroll Professional
- Human capital management consultant, payroll and human resources best practices, regulatory compliance audits
- Conducts regular webinars on all topics related to human capital management and payroll processes, regulatory compliance and best practices
- Regular contributor to Paytech Magazine
- National speaker for the American Payroll Association, Payroll Certification Study Group Leader, Human Resource Certification Study Group Leader
- B.B.A. degree, with a minor in sociology, University of Maryland University College
- Can be contacted at purposedprprofessional@comcast.net
Who Should Attend
This live webinar is designed for payroll administrators, human resource managers, controllers, CFOs, accountants, bookkeepers, business owners and managers, and attorneys.
