OVERVIEW
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. FLSA exempt
and nonexempt employee rules . Rules for payments to exempt and non-exempt
employees are examined. FLSA overtime rule updates are outlined for non-exempt
employees in addition to record keeping & reporting for all employees.
The 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 Department of Labor’s
(DOL) new overtime rule, 2020. 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
Payroll is the 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 and regulations
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.
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 the FLSA exempt and nonexempt employee rule
• Achieving perfection and prevention consistent with the implementation of
FLSA rules
• Identifying employees as exempt from the new overtime rules, 2020, in the
categories of
• Executive
• Administration
• Professional
• Computer professionals
• Outside sales professionals
• Salary and duties test under FLSA for exempt 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
• Possible reclassification of employees from exempt to non-exempt based on the
salary threshold
LEARNING
OBJECTIVES
Simple understanding of the rules and
administration of 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. Summary aspects of Department of Labor’s (DOL) new
overtime rule, 2020
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
Years of Experience: 33+
years
Areas of Expertise: Finance,
Accounting and Business Management
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.
Carl is a member of the following
organizations: American Society of Corporate Controllers, Council of Experts
(investment firm Gersen&Lehrman), Society of Industry Leaders (sponsored by
Standard &Poors), and the National Association of Accountants.
An engaging and entertaining speaker
and trainer who draws from his experience as a former CFO to make relevant
teaching points. Sessions are rich in content, lively, full of energy and
include plenty of audience interaction. He has branded himself as Mr.
Simplicity! His goal is to make finance and accounting relevant to
non-financial professionals using tools and techniques that are simple to
understand and apply.
Use
Promo Code MDTD20 and get flat 20% discount on all purchases.
To
Register (or) for more details please click on this below link:
https://bit.ly/3fBdoH5
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