Introduction

This webinar covers the complete context of payroll rules and administration made simple. It starts with the basic classification of workers properly classified as Contractors or Workers.  Rules for Payment and administration of Contractors is outlined. 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 processing is the overall theme of this webinar. Special attention is paid to the understanding & implementation of the Dept of Labor new 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.

Learning Objectives

  • 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 of exempt and non-exempt under FLSA rules
  • Achieving perfection and prevention consistent with the implementation of FLSA rules The overall goal of perfection and prevention in payroll administration
  • Identifying workers as contractors vs. employees
  • Identifying employees as exempt from overtime using FLSA rules in the categories of

                    Executives

                    Administration

                    Professional

                    Computer professionals

                    Outside Sales Professionals

  • Salary and duties test  under FLSA for exempt employees
  • The value of the job description and its proper preparation
  • 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
  • Achieving perfection & prevention in payroll consistent with new rules
  • New Overtime rules are being proposed
  • Involves possible reclassification of employees from exempt to non-exempt based on the salary threshold
  • Companies must understand and implement these new rules
  • This Webinar covers a review & implementation of these new rulesSpecific review, understanding & implementation of the Dept of Labor new propose overtime rules are covered to provide a perfect path to compliance

Why should you attend?

Payroll is most important aspect of any business.It leads to employee morale.It must be perfect and comply with all the rules.This webinar examines all the payroll rules of the FLSA and how to implement them to achieve perfection.It is a simple approach to payroll rules and administration an guaranteed to give attendees a good working knowledge of payroll rules & administration in simple to understand and apply tools & techniques.

Who Will Benefit

  • HR Personnel
  • PR Personnel
  • Supervisors
  • Managers
  • Controllers
  • Planning & Budgeting Professionals

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Carl Young is the owner of Carl Young Consulting, where he works as a turn-around consultant and business coach. Mr. Young is the former Chief Accountant and CFO of a $275M high growth technology com Know More

Carl Young