This webinar concentrates on Fair Labor Standards Act (FLSA) requirements for wage and hour law that must be followed in the payroll department. Topics include calculating overtime correctly, workweek and workday definitions, travel time, minimum wage, and posting requirements. But there are more requirements than just the federal that payroll must handle.
The state can have its own set up requirements for the same areas as listed above. In addition, there are many areas of wage and hour law that the FLSA does not even address but yet is required on the state level. This webinar examines the state requirements in the areas of meal and rest periods, payday statements (paystubs), posting requirements, how often an employee must be paid and by what method, and paying terminated employees.
Why should you attend:
The Department of Labor added 200 more auditors to handle the increased volume in their investigations of Wage and Hour violations under the previous Secretary of Labor and no one knows yet how many more will be added by the incoming Secretary. Over the past four years stepped up audits have resulted in millions of dollars in back wage payments as well as penalties, fines and interest. Additionally, civil lawsuits for Wage and Hour violations are always a threat to business and are also on the rise. This lecture focuses on how to comply with Federal and State requirements under wage and hour law to ensure compliance that will help to avoid these audits and lawsuits.
By the end of this webinar the attendee will have:
- Gained knowledge of and skills in federal and applicable state wage and hour law as it pertains to payroll preparation
- An understanding of the proper calculation of gross pay
- And understand of the proper calculation of overtime pay
- A sound knowledge of the terminology used by the FLSA as it pertains to calculating overtime and hours worked
- Basic understanding what is considered hours worked and how to handle such working hours as travel pay and meeting times
- Gained knowledge of when an employee must be given a lunch and when an employer may dock for meal periods
- Knowledge of the requirements for paying employees including pay frequencies permitted and methods allowed under state laws
- The basic understanding of what must be included on a paystub
Areas covered in this webinar:
- Federal minimum wage
- state minimum wage
- Tip credits
- Youth minimum wage (training wage)
- Board and lodging credits
- Defining the legal work week and work day
- How and when to pay for travel time
- What is considered hours worked and how do they affect overtime
- Is it covered under the FLSA or do I need to check the state?
- What to do when the FLSA and the state law differs
- How to handle the FLSA and union contracts
- What is regular rate of pay?
- How is overtime calculated under the FLSA
- Posting requirements
- Meal and rest periods
- State requirements
- Statements and payday notices
- Frequency of wage payments
- Method of payment
- Paying terminated employees
- Paying out accrued vacation
Who Will Benefit:
- Payroll Professionals
- Human Resources
- Accounting Personnel
- Business Owners
- Attorneys, or any individual or entity that must deal with the complexities and technicalities of ensuring compliance within the payroll process