Overview:
The webinar will cover a host of issues under the FLSA - what time is "working time" and, therefore, must be used in an overtime calculation; legal methods of calculating the hourly rate (it is not as easy as you think); various legal methods of paying overtime that can save your company money; and recordkeeping requirements. We will also discuss how to "fix" your errors when you discover they have been made. Finally, we will discuss what you can expect if you have the misfortune of being named in a collective or class action lawsuit.
Areas Covered in the Session:
- What the FLSA requires with regard to minimum wage and overtime.
- What time must be compensated? Waiting time? On-Call Time? Rest and Meal Periods? Sleep time? Travel time? Donning and doffing? Lectures? Medical examinations?
- Joint employment issues
- What is the workweek in determining whether an employee works over 40 hours in a week
- General principles of calculating cash overtime.
- Computation of the "regular rate of pay"
- What payments can be excluded from the "regular rate of pay"
- Improper pay plans such as artificial regular rates; "split day" plan and pseudo bonuses.
- Plans that can reduce your overtime liability - salary coefficient, time off plans, BELO contracts
- When/who can use compensatory time.
- Latest cases concerning mortgage loan officers, working supervisors
- Why payment of a salary alone is not determinative of an exemption.
- Comparing a salary payment required of an exemption with a salary coefficient payment.
- Permissible deductions from an exempt employee's salary.
- What to do when you made impermissible deductions.
- Other exemptions that do not require payment of a salary - computer professionals, doctors, lawyers
- Thinking about keeping time records for even exempt employees.
- When the Motor Carrier Act applies.
- What impact do bonuses or compensatory time have on an individual's exemption?
- Recordkeeping requirements
Who Will Benefit:
- Human Resource Managers
- Human Resource Supervisors
- Payroll Personnel
- Company Owners
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