Payroll Rules & Administration Simplified - Review & Implementation of Policies, Procedures and New Overtime Rules effective 2020
OVERVIEW
This webinar covers
the complete context of payroll management system. It starts with the basic classification
of workers as Contractors or Workers. Rules for payment and administration of
contractors are outlined along with the rules for workers classified as
“exempt” or “non-exempt” based on FLSA. Rules for payments to exempt and
non-exempt employees are examined. Overtime rules are outlined for non-exempt
employees in addition to record keeping & reporting for all employees.
Webinar stresses that payroll administration
is only accepted if perfect. Achieving perfection in payroll policies and
procedures is the overall theme of this webinar. Special attention is paid to
the understanding & implementation of the Dept. of Labor’s newly proposed
overtime rules. New rules will require complete review of all jobs & descriptions,
policies & procedures & handbooks. More employees will be eligible for
overtime causing an increase in administration and costs. This major
implementation will also have cultural impact as employees must be moved to
different classifications for compliance.
WHY
SHOULD YOU ATTEND
Employee payroll is
the most important aspect of any business. It leads to employee morale. Payroll
management system must be perfect and comply with all the payroll rules and
regulations. This webinar
examines all the FLSA overtime rule updates and how to implement them to
achieve perfection. It is a simple approach to payroll rules and
administration, guaranteed to give attendees a good working knowledge of
payroll policies and procedures in simple to understand and apply tools &
techniques.
AREAS
COVERED
• Proper classification of workers as
contractors or employees
• Proper classification of employees as exempt or non-exempt under new rules
• Importance of job description in implementation of new rules
• Proper implementation of FLSA rules
• Proper payment under FLSA exempt and non-exempt employee rules
• Achieving perfection and prevention consistent with the implementation of FLSA overtime rule update
• Identifying employees as exempt from over-time using FLSA rules in the categories of
• Proper classification of employees as exempt or non-exempt under new rules
• Importance of job description in implementation of new rules
• Proper implementation of FLSA rules
• Proper payment under FLSA exempt and non-exempt employee rules
• Achieving perfection and prevention consistent with the implementation of FLSA overtime rule update
• Identifying employees as exempt from over-time using FLSA rules in the categories of
• Executive
• Administration
• Professional
• Computer professionals
• Outside Sales Professionals
• Administration
• Professional
• Computer professionals
• Outside Sales Professionals
• Salary and duties test under FLSA for
ex-empt employees
• Consideration of record keeping, accounting & reporting, policies & procedures
• Proper payment to newly classified exempt and those that by default fall to the non-exempt category
• How to handle non-discretionary bonuses consistent with paying overtime and the new overtime rules
• Involves possible reclassification of employees from exempt to non-exempt based on the salary threshold
• Consideration of record keeping, accounting & reporting, policies & procedures
• Proper payment to newly classified exempt and those that by default fall to the non-exempt category
• How to handle non-discretionary bonuses consistent with paying overtime and the new overtime rules
• Involves possible reclassification of employees from exempt to non-exempt based on the salary threshold
LEARNING
OBJECTIVES
Get a simple understanding of the rules and
administration of employee payroll including - determining employees vs.
contractors, guidelines & payment of contractors; definition of employees
as exempt or non-exempt, proper payment of exempts & non-exempts, proper
payment of overtime and bonuses; and summary aspects of Dept. of Labor’s new
overtime rules.
WHO
WILL BENEFIT
• HR Personnel
• PR Personnel
• Supervisors
• Managers
• Controllers
• Planning & Budgeting Professionals
• All positions involved in personnel or payroll administration and the supervision of personnel
• PR Personnel
• Supervisors
• Managers
• Controllers
• Planning & Budgeting Professionals
• All positions involved in personnel or payroll administration and the supervision of personnel
SPEAKER
Carl Young is an Author, Speaker, Trainer,
Consultant, and Coach. He holds a MBA and completed graduate studies in
Accounting and Taxation. He is a former CFO of a 275M, high growth
technology based company. He has over 25 years of senior level business
management experience. In addition, he has over 25 years of training
experience in finance, accounting and business management. Former CEO of
his own small parts manufacturing company as well as former Senior Financial
Associate of major consulting firm.
Use Promo Code TDES20 and get flat 20%
discount on all purchases.
To Register (or) for more details please click
on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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