Description
RECORDED TRAINING COURSE
Wage & Hour Compliance is a significant aspect of any business. Non-compliance with the labor laws can cost organization an arm and leg.
This 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.
The Department of Labor takes investigations of Wage and Hour violations very seriously! In recent years, agency-initiated investigations have increased dramatically. In FY2022 alone, agency-initiated investigations found violations that resulted in fines and penalties in excess of $213 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.
A better understanding of wage & hour compliance employer’s responsibilities define how to properly calculate Garnishment deductions. According to the law or the order or a little bit of both? Understanding lump sum reporting requirements and how to comply with Proper order of garnishment priority when an employer receives multiple orders.
Session Highlight
- 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 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 differ
- How to handle the FLSA and union contracts
- What is regular rate of pay?
- How overtime is 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
Why You Should Attend:
This comprehensive webinar on wage & hour compliance will equip you with essential knowledge and practical skills in federal and state wage and hour law, directly applicable to accurate payroll preparation. You’ll master the intricacies of calculating gross and overtime pay, demystifying the terminology used by the Fair Labor Standards Act (FLSA) regarding hours worked. This includes gaining clarity on what constitutes compensable time, such as travel and meeting hours, and understanding the nuances of meal period regulations, ensuring compliance with both federal and state requirements.
How to determine which law to follow state or federal? Understanding the CARES Act and how it affects student loan garnishments What is the IRS saying about federal tax levies during the COVID-19 national emergency?
Furthermore, you will develop a solid understanding of permissible pay frequencies and methods, as dictated by state laws, and learn the critical components that must be included on employee pay stubs. This webinar will provide you with the tools necessary to navigate the complexities of wage and hour regulations, minimizing risks and ensuring your payroll practices are both accurate and compliant.
Who Should Attend:
- Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
- Human Resources Executives/Managers/Administrators
- Accounting Personnel
- Business Owners/Executive Officers/Operations and Departmental Managers
- Lawmakers
- Attorneys/Legal Professionals
- Any individual or entity that must deal with the complexities and requirements of Wage and Hour Compliance
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
