Purchase any WEBINAR and get
10% Off
Validity : 18th Dec'24 to 28th Dec'24
Employers face special challenges when calculating overtime for non-exempt employees, whether paid on an hourly, piece work, or salaried basis. Payroll professionals must take into consideration commissions, bonuses and other special wage payments, piece rates, shift differentials, multiple pay rates, and actual hours worked during a workweek when making their calculations.
Calculating overtime is not necessarily as simple as taking computing one- and one-half times the employee’s hourly rate. Issues include determination of which employees are eligible for overtime, calculation of the regular rate of pay for overtime-eligible salaried employees, proper handling of bonus, incentive and shift-differential payments. There is a lot more to overtime calculation than initially meets the eye. Mistakes, even honest ones, can be costly. State and federal labor departments regularly issue fines and back pay awards where employers have failed to properly compensate employees for overtime. It is important that payroll professionals know and properly apply the overtime rules.
By attending this session you will learn: