- #Conference
- #Business
- #Finance
OVERVIEW
This
webinar covers the complete context of payroll management system. It
starts with the basic classification of workers as Contractors or Workers.
Rules for payment and administration of contractors are outlined along with the
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 policies and
procedures is the overall theme of this webinar. Special attention is paid to
the understanding & implementation of the Dept. of Labor’s newly 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.
WHY SHOULD YOU ATTEND
Employee
payroll is the most important aspect of any business. It leads to employee
morale. Payroll management system must be perfect and comply with all the
payroll rules and regulations. This webinar
examines all the FLSA overtime rule updates and how to implement them to
achieve perfection. It is a simple approach to payroll rules and
administration, guaranteed to give attendees a good working knowledge of
payroll policies and procedures in simple to understand and apply tools &
techniques.
AREAS COVERED
• 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 under FLSA exempt and non-exempt employee rules
• Achieving perfection and prevention consistent with the implementation
of FLSA overtime rule update
• Identifying employees as exempt from over-time using FLSA rules in the
categories of
· Executive
· Administration
· Professional
· Computer professionals
· Outside Sales Professionals
• Salary and duties test under FLSA for ex-empt employees
• 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
• Involves possible reclassification of employees from exempt to
non-exempt based on the salary threshold
LEARNING OBJECTIVES
Get a simple understanding of the rules and
administration of employee payroll including - determining employees vs.
contractors, guidelines & payment of contractors; definition of employees
as exempt or non-exempt, proper payment of exempts & non-exempts, proper
payment of overtime and bonuses; and summary aspects of Dept. of Labor’s new
overtime rules.
WHO WILL BENEFIT
• HR Personnel
• PR Personnel
• Supervisors
• Managers
• Controllers
• Planning & Budgeting Professionals
• All positions involved in personnel or payroll administration and the
supervision of personnel
SPEAKER
Carl
Young is an Author, Speaker, Trainer, Consultant, and Coach.
He holds a MBA and completed graduate studies in Accounting and Taxation.
He is a former CFO of a 275M, high growth technology based company.
He has over 25 years of senior level business management experience.
In addition, he has over 25 years of training experience in finance,
accounting and business management. Former CEO of his own small parts
manufacturing company as well as former Senior Financial Associate of major
consulting firm.
Use Promo Code XMSNY19 and get flat 20% discount on
all purchases.
To Register (or) for more
details please click on this below link:
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