The NEW 2024 DOL FINAL RULE ON OVERTIME: How to Properly Calculate Overtime Due to Your Workers

Don’t Get Fined! Ensure Overtime Compliance with the New DOL Rule!

Instructor :
Mark Schwartz

Webinar ID:
16277

Date: MAY 24, 2024 (FRI)

Start Time: 10 AM PT - 11:30 AM PT

Duration: 90 Mins.

What you will learn

  • Basics Of Overtime Under The FLSA, Including Exempt Vs. Non-Exempt.
  • Definitions Of Overtime Hours, Workweek Specifics, And Exclusions.
  • Employers Not Covered By FLSA And State-Specific Rules.
  • Includes/Excludes Breaks, Travel, Pre/Post-Shift Work, And …
    • Basics Of Overtime Under The FLSA, Including Exempt Vs. Non-Exempt.
    • Definitions Of Overtime Hours, Workweek Specifics, And Exclusions.
    • Employers Not Covered By FLSA And State-Specific Rules.
    • Includes/Excludes Breaks, Travel, Pre/Post-Shift Work, And Training.
    • Criteria For What Qualifies As A Workweek.
    • Calculating Overtime With Shift Differentials And Workweek Changes.
    • Determining “Regular Rate Of Pay” In Unusual Scenarios, Including Off-Cycle Payments.

Course Description

The DOL has issued its new final rule on exempt workers.

The rule raises the salary thresholds for employees who can be considered exempt from overtime. Discover the specific new amounts and additional details from the rule.

If your employee works more than 40 hours in a workweek—or over 8 hours in a day in some states—they are entitled to overtime at least 1.5 times their hourly rate of pay (HRP).

Are you aware of all payment types that require an overtime premium?

If not, join Mark Schwartz in this essential webinar designed for the seasoned payroll professional to properly analyze compliance with overtime regulations and assist CFOs in accurately budgeting payroll expenses.

You will also find answers to the following questions, and more:

    • What hours qualify for wages, and which do not. Understand which are eligible for overtime premiums.
    • Which fringe benefits and supplemental payments should be included in the hourly rate of pay?
    • Are there any restrictions on setting workweeks?
    • How do you manage shift differentials when an employee’s workweek changes?
    • Should payments made after a regular payday be allocated to weeks where overtime was worked?
    • What states have overtime rules that differ from the minimums set by the Fair Labor Standards Act?

Understand why these changes are critical to your operations now, to prevent future complications and ensure seamless adaptation to evolving wage standards.

Join Now!

The DOL has issued its new final rule on exempt workers.

The rule raises the salary thresholds for employees who can be considered exempt from overtime. Discover the specific new amounts and additional details from the rule.

If your employee works more than 40 hours in a workweek—or over 8 hours in a day in some states—they are entitled to overtime at least 1.5 times their hourly rate of pay (HRP).

Are you aware of all payment types that require an overtime premium?

If not, join Mark Schwartz in this essential webinar designed for the seasoned payroll professional to properly analyze compliance with overtime regulations and assist CFOs in accurately budgeting payroll expenses.

You will also find answers to the following questions, and more:

    • What hours qualify for wages, and which do not. Understand which are eligible for overtime premiums.
    • Which fringe benefits and supplemental payments should be included in the hourly rate of pay?
    • Are there any restrictions on setting workweeks?
    • How do you manage shift differentials when an employee’s workweek changes?
    • Should payments made after a regular payday be allocated to weeks where overtime was worked?
    • What states have overtime rules that differ from the minimums set by the Fair Labor Standards Act?

Understand why these changes are critical to your operations now, to prevent future complications and ensure seamless adaptation to evolving wage standards.

Join Now!

Why you should attend

Are you fully aware of how the latest DOL overtime updates impact your payroll strategy?

As the landscape evolves, keeping up with changes in exempt vs. non-exempt classifications is key to maintaining compliance. Is your business ready to adapt to these regulatory shifts?

While the rules on exempt vs. non-exempt employees have changed several times over the past decade, one principle remains constant: overtime worked is overtime earned—no exceptions. However, calculating overtime involves more than just multiplying a worker’s hourly rate by 1.5.

This course serves as a refresher on which hours and types of payments should be considered when calculating overtime pay.

Explore practical insights into overtime calculations and learn effective strategies to manage these changes without escalating costs.

Our expert will guide you through complex scenarios, helping you to master the new compliance requirements and safeguard your business.

Enroll Now!

Are you fully aware of how the latest DOL overtime updates impact your payroll strategy?

As the landscape evolves, keeping up with changes in exempt vs. non-exempt classifications is key to maintaining compliance. Is your business ready to adapt to these regulatory shifts?

While the rules on exempt vs. non-exempt employees have changed several times over the past decade, one principle remains constant: overtime worked is overtime earned—no exceptions. However, calculating overtime involves more than just multiplying a worker’s hourly rate by 1.5.

This course serves as a refresher on which hours and types of payments should be considered when calculating overtime pay.

Explore practical insights into overtime calculations and learn effective strategies to manage these changes without escalating costs.

Our expert will guide you through complex scenarios, helping you to master the new compliance requirements and safeguard your business.

Enroll Now!

Course Agenda

In this 90-minute webinar, you will learn the following about calculating overtime accurately:

  • The basics of overtime as established in the FLSA, including:
    • An overview of exempt vs non-exempt workers
    • Definitions of overtime hours, workweek and more
    • Employers NOT covered by the FLSA
  • State definitions for hours worked, exempt employees, and more
  • Work time that is included or excluded from hours that count toward overtime, including:
    • Breaks
    • Time away from the office
    • Travel
    • Pre and Post shift work
    • Training
  • What qualifies as a work week, and what doesn’t.
  • How to calculate overtime due with shift differentials work week changes.
  • What payments count toward the “regular rate of pay.”
  • How to calculate regular rate of pay in unusual circumstances
  • How to take into account pay that happens outside the normal payday for weeks worked overtime.
  • AND MUCH MORE, INCLUDING NUMERICAL EXAMPLES.

BONUS:

  1. PDF copy of the presentation handout for your future reference.
  2. Soft copy of the certificate of completion on request.
  3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

In this 90-minute webinar, you will learn the following about calculating overtime accurately:

  • The basics of overtime as established in the FLSA, including:
    • An overview of exempt vs non-exempt workers
    • Definitions of overtime hours, workweek and more
    • Employers NOT covered by the FLSA
  • State definitions for hours worked, exempt employees, and more
  • Work time that is included or excluded from hours that count toward overtime, including:
    • Breaks
    • Time away from the office
    • Travel
    • Pre and Post shift work
    • Training
  • What qualifies as a work week, and what doesn’t.
  • How to calculate overtime due with shift differentials work week changes.
  • What payments count toward the “regular rate of pay.”
  • How to calculate regular rate of pay in unusual circumstances
  • How to take into account pay that happens outside the normal payday for weeks worked overtime.
  • AND MUCH MORE, INCLUDING NUMERICAL EXAMPLES.

BONUS:

  1. PDF copy of the presentation handout for your future reference.
  2. Soft copy of the certificate of completion on request.
  3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

Who is this course for

Maximize the Learning Experience in A Group Setting!

    • HR Managers
    • Payroll Managers
    • A/P Managers
    • Controllers, Tax Preparers
    • Accountants, Bookkeepers
    • Financial Consultants
    • Small Business Owners

Maximize the Learning Experience in A Group Setting!

    • HR Managers
    • Payroll Managers
    • A/P Managers
    • Controllers, Tax Preparers
    • Accountants, Bookkeepers
    • Financial Consultants
    • Small Business Owners

Instructor Profile

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of...

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

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