Review & implementation of new DOL overtime rules New Future Payroll Administration Trends COVID-19 Concerns & Challenges | Recorded Session

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 are outlined.  Rules for workers classified as “Exempt”  or “Non-exempt” based on DOL/ 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.

The webinar will examine  trends in payroll administration including:

• Proper classification & payment of Contractors, Exempt & non-exempt employees
• New DOL approved guidelines & rules on overtime
• Six steps implementation plan for the new DOL rules & guidelines
• Impact & concern of inflation on payroll & wages
• COVID-19 concerns & challenges
• New payroll future trends & technologies

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’s new proposed overtime rules.

New Rules will require a 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 a cultural impact as employees must be moved to different classifications for compliance. COVID-19 concerns & challenges.

 

Session Highlights:

• Proper classification of workers as contractors or employees based on new DOL rulings
• Impact of Contractor classifications under new DOL guidelines
• Proper classification of employees as exempt or non-exempt based on new DOL salary limits for Exempt employees.
• Limit raised from $23,000 to $36,000 making more employees eligible for overtime and the administrative
• A complete section is devoted to the understanding & implementation of the new DOL overtime and salary rules
• The recent executive order on minimum wage for Federal workers is covered. Executive order 14026
• 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
  • Executive
  • 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 six-step review & implementation of these new rules
• Specific review, understanding & implementation of the Dept of Labor new propose overtime rules are covered to provide a perfect path to compliance

These payroll events & activities will be viewed through the lens of:

• Increased use of cloud-based technology
• Embracing Artificial Intelligence
• Integration of HR technology
• Increased demands from the Gig economy
• Financial wellness
• Pay transparency
• Improved data security

All of these efforts are aimed at achieving the stated goal of perfection in payroll in a new normal environment aided by technology based tools & techniques.

 

Why You should 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 and guaranteed to give attendees a good working knowledge of payroll rules & administration in simple to understand and apply tools & techniques with associated new trends & technologies.

 

Who Should Attend:

• HR Personnel
• PR Personnel
• Supervisors
• Managers
• Controllers
• Planning & Budgeting Professionals
• All positions involved in personnel or payroll administration and the supervision of personnel