Payroll Rules and Administration Made Simple : Latest Updates Including the Newly Proposed Overtime Rules

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    Speaker: Carl Young


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    Duration: 75 Minutes
    Product Code: 50688
    Level: Intermediate

OVERVIEW

This webinar covers the complete framework of payroll administration and rules. It starts with the basic classification of workers properly classified as Contractors or Workers. Rules for payment and administration of contractors are outlined. Rules for classification of exempt and non-exempt employees based on FLSA.

Rules for payments to exempt and non-exempt employees are examined. Overtime rules 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 processing is the overall theme of this webinar.

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 payroll rules and regulations. This webinar examines all the payroll rules of the FLSA and how to implement them to achieve perfection.

It is a simple approach to payroll rules and administration and guarantees 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 exempt and non-exempt employees 
  • Importance of job description in implementation of new rules
  • Proper implementation of FLSA rules
  • Proper payment of exempt and non-exempt under FLSA rules
  • Achieving perfection with the implementation of FLSA rules
  • Identifying employees as exempt from overtime using FLSA rules in the categories of
    • Executive 
    • Administration
    • Professional
  • Salary and duties test under FLSA for exempt employees
  • The value of the job description and its proper preparation
  • 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
  • New rules require adjustment in salary threshold of exempt employees

LEARNING OBJECTIVES

Simple understanding of payroll rules and regulations to include determining employees vs. contractors, guidelines & payment of contractors, definition of exempt and non-exempt employees, proper payment of exempts & non-exempts and proper payment of overtime and bonuses.

Summary aspects of FLSA (Fair Labor Standards Act), including understanding & analysing the new overtime rules and increase in exempt employee salary threshold.

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

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.

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