Calculating Overtime: How to get it Right Every Time

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13 Mar

Calculating Overtime: How to get it Right Every Time

Calculating Overtime: How to get it Right Every Time

Monday, March 13, 2017 (1:00 PM to 2:30 PM)
1.5 PDCs
Provider: Business 21 Publishing
Course Name: Calculating Overtime: How to get it Right Every Time

Speaker: Vicki Lambert
Program Type: Videoconferences, webcasts, audiocasts, podcasts, eBooks, self-directed E-Learning
Registration URL: https://www.b21publishing.com/products/calculating-overtime-how-to-get-it-right-every-time-3

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If you think calculating overtime is as simple as 1.5X the employee’s hourly pay, you’re wrong. Calculating Overtime seems simple on the surface. But anyone who’s ever been through the exercise knows that it’s much more complex than it seems. In fact, even experienced payroll professionals get it wrong more than they’d care to admit. A single violation can equal tens of thousands of dollars in federal fines, possible jail time, or both. The bottom line: You must get it right EVERY TIME. In this 90-minute program, nationally recognized payroll expert Vicki Lambert will cover the right way to calculate overtime and how to avoid the common pitfalls that that lead to costly trouble. Participants will learn: • What counts as “overtime” under the FLSA—it’s not what most people think… • How to calculate the “regular rate of pay” (if you simply multiply the employee’s hourly rate by 1.5, you’re likely breaking the law) • The eight narrowly construed exceptions to inclusion of payments in the regular rate • When you must include a bonus in calculating your employee’s overtime pay • When and how to use the weighted average method to calculate overtime • How to calculate the overtime premium • About the Portal-to-Portal Act and how it affects overtime