Calculating Overtime: How to Get it Right Every Time

Duration: 90 minutes

You’ve probably heard the news that a lot more American workers will become eligible for overtime pay by year’s end. Millions more.

The vast majority of employers are still trying to wrap their heads around exactly what impact the new OT legislation will have on their organization.

A handful of companies have already decided to change employee schedules or salary to side-step the extra administrative burden of calculating and paying overtime.

What burden, exactly?

If you think calculating overtime is as simple as 1.5X the employee’s hourly pay, you’re in for a rude awakening.

Calculating Overtime seems simple on the surface. But anyone who’s ever been through the exercise knows that it’s much more complex than it seems. In fact, even experienced payroll professionals get it wrong more than they’d care to admit.

A single violation can equal tens of thousands of dollars in federal fines, possible jail time, or both.

The bottom line: You must get it right EVERY TIME.

In this 90-minute program, nationally recognized payroll expert Vicki Lambert will cover the right way to calculate overtime and how to avoid the common pitfalls that that lead to costly trouble.

LEARNING OBJECTIVES

Participants will learn: 

  • How to calculate the “regular rate of pay” (if you simply multiply the employee’s hourly rate by 1.5, you’re likely breaking the law)
  • The eight narrowly construed exceptions to inclusion of payments in the regular rate 
  • When you must include a bonus in calculating your employee’s overtime pay 
  • When and how to use the weighted average method to calculate overtime
  • How to calculate the overtime premium 
  • About the Portal-to-Portal Act and how it affects overtime 

            ABOUT THE SPEAKER

            Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

            With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

            A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.

            Certification

            This program has been approved for 1.5 recertification credit hour through the HR Certification Institute (HRCI) & Society for Human Resource Management (SHRM).

             


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            Event Package

            Event Value Pack

            Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

            What You Get With Each Option close

            Live Recording

            Live Only

            Participation in the live upcoming webinar

            Recording

            Recording Only

            Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

            Live and Recording

            Live + Recording

            Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

            Event Package

            Event Value Pack

            Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

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