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Calculating Overtime Correctly Under The Fair Labor Standards Act
Every employer knows the basic premise you have to pay time and a half for all hours worked over forty in a workweek. As simple as this sounds, there are many legal issues regarding how to calculate overtime correctly that can trap the unwary. No employer gets it right all time. As a result, FLSA litigation has exploded over the years. Suits are usually brought through class or collective actions making them very costly Don't let your company be the next one sued!
Why should you attend: Lawsuits under the Fair Labor Standards Act have reached an all-time high. The Department of Labor estimates that 87% of all employers are not in compliance with their obligations to pay overtime to non-exempt workers.
In addition to misclassification issues, employers fail to recognize what time must be compensated and then how to calculate how much is owed when the employee works overtime. The use of personal digital devices and the growing popularity of telecommuting has made this task even more difficult.
Areas Covered in the Session:
- How to define your workweek
- What is compensable working time?
- How to determine the regular rate of pay
- Determining when bonuses must be in the regular rate
- How to pay employees who work at different rates
- Using salary coefficient to pay workers
- Using 7(k) exemption to pay workers
- When you can use compensatory time
Who Will Benefit:
- Human Resource Managers
- Company Owners
- Chief Financial Officers
- Payroll Clerks
Instructor: Susan Fahey Desmond is a Principal in the New Orleans, Louisiana, office of Jackson Lewis P.C which has offices in 59 cities across the country. She has been representing management in the area of labor and employment law since her graduation from the University of Tennessee School Of Law. Susan is a frequent speaker and author on a number of labor and employment issues. She is named in Best Lawyers in America and has been named by Chambers USA as one of America's leading business lawyers for labor and employment law.
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There may be many networking opportunities at the Calculating Overtime Correctly Under The Fair Labor Standards Act. Find out more in the event details below.
Chief Financial Officers
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