Calculating Overtime As Per DOL’s Final Overtime Rules 2024: How To Get It Right

  • 03:00 PM ET | 02:00 PM CT | 12:00 PM PT | Duration: 100 Minutes
  • Credit: IRS Credits: 2.0 | HRCI: 2.0| Product Code: WEB00257

Webinar Instruction will be emailed on your registered email address 3 days prior to webinar | Web Download / e-Transcript will be shared in 7 working days from the date of webinar

The U.S. Department of Labor released a final rule on April 23, 2024, raising the salary threshold to qualify for certain overtime exemptions under federal law. Most importantly, it significantly increases the minimum salary threshold for certain “white collar” workers—executives, professionals, and administrative personnel.

This webinar discusses calculating overtime under the FLSA rules for non-exempt employees. It includes definitions of overtime and calculation examples. The new rules for overtime under the DOL, which take effect on July 1, 2024, will be included in the course.

Session Highlights:
 
  • The new rules for overtime under the DOL, which take effect on July 1, 2024
  • What is the definition of overtime under the FLSA – it’s not what most people think
  • What is the Portal-to-Portal Act and how does it affect overtime
  • How to calculate the regular rate of pay
  • Tracking hours worked and the use of rounding practices
  • The eight narrowly construed exceptions to the inclusion of payments in the regular rate
  • When you must include a bonus in calculating your employee’s overtime pay
  • What is the overtime premium and how is it calculated
  • How to calculate overtime if a bonus covers more than one workweek
  • Using the weighted average method to calculate overtime when and where it must be done
  • When and how to use the “fluctuating workweek”
  • When can the “alternate” method of calculating overtime be used
Who will Benefit:
  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
  • Human Resources Executives/Managers/Administrators
  • CPA
  • Accounting Personnel
  • Tax Compliance Officers
  • Enrolled Agents
  • Tax or Benefits Compliance Oversight
  • Public Agency Managers
  • Risk Manager
  • Audit and Compliance Personnel
  • Business Owners/Executive Officers/Operations and Departmental Managers
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
 
Speaker Profile:
 
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 40 years of hands-on experience in all facets of payroll functions as well as over three decades 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 where she is the instructor for the American Payroll Association’s “PayTrain” online program offered by Brandman University.
IRS Credits
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