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The DOL (U.S. Department of Labor) has made the most significant changes to the FLSA (Fair Labor and Standards Act) definition of ‘regular rate of pay’ in over 50 years. Employers are scrambling to see how the new law impacts them, and their employees.
A regular rate of pay can include a lot of figures outside of an hourly dollar amount. With variances such as overtime, company bonus systems and additional incentives - the math quickly becomes complex.
Accurate, compliant calculations are crucial for reduced liability and efficient payments.
In this workshop, our expert will guide you through the different types of compensation that make up the new definition of regular pay rates, best practices for compliant calculation and how to handle special circumstances to avoid Department of Labor (DOL) or employee backlash.
Join us on February 6th to:
Calculating regular rate of pay and overtime for different types of employees
Compensation structures to consider when calculating pay rate now
Navigating Department of Labor (DOL) compliance and employee complaints
Tricia Richardson, CPP, SPHR, SHRM-SCP provides clients with direct payroll assistance, information, education, consultation, and even empathy, in her role as a Consultant.
She has more than 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.). Tricia is a Payroll and Human Resource “nerd” who actually enjoys reading Internal Revenue Code.
You’ll walk away from this workshop with an in-depth understanding of regular rates of pay, how to calculate for non-exempt salaried, hourly, commissioned, or exempt employees, as well as for employees paid more than one rate or receiving bonus payments.