New DOL FLSA Overtime Rules 2021: Increased Salary Levels for Exempt Employees, New Federal Guidelines on Minimum Wage, New Rules on Contractor Designation and COVID-19 Challenges

Outline

You will get the complete and simplified context of payroll rules and administration. We'll start with how you can classify workers as Contractors or Workers on the basis of DOL rulings and what impact does it make? You'll then learn about the rules for administration and payment of Contractors, along with the rules for payments to "Exempt" and "Nonexempt" workers based on DOL/ FLSA. We'll also discuss the record-keeping and reporting for all employees.

Why is payroll administration only accepted if perfect, and how can we achieve that perfection? We'll consider the understanding and implementation of the Dept of Labor's new proposed overtime rules. You'll see how these overtime rules work for the nonexempt classification, as now more employees will be eligible for overtime causing an increase in administration and costs.

As COVID-19 challenges come into the picture, we'll learn how things will change from October 2021 onwards. This includes regulations of all jobs and descriptions, policies and procedures, and handbooks.  This major implementation will also have a cultural impact as employees must be moved to different classifications for compliance.

What are the new federal employee minimum wage guidelines and what impact will they create? What's the new guidance DOD salary limits for Exempt employees and the consequences of more employees being classified as non-exempt? On Compliancevent, you'll get answers to all these through a 6-step review and much more.
 

Why is it Necessary to Attend?

Having a just payroll system is essential for any business and your employees' morale. In this training, you'll learn the payroll rules under the FLSA and how to effectively implement them to achieve perfection. It is a simple approach to administration and is guaranteed to give attendees a good working and industry knowledge in an easy-to-understand way to help them apply these tools and techniques.
 

What You'll Learn

-Proper classification of employees as exempt or non-exempt based on new DOL salary limits for Exempt employees
-A complete section is devoted to the understanding & implementation of the new DOL overtime and salary rules
-The recent executive order on minimum wage for Federal workers: Executive order 14026 signed by President Biden in 2021.
-Limit raised from $23,000 to $36,000 making more employees eligible for overtime and the administrative
-What's the importance of job description in the implementation of new rules?
-How can you implement the FLSA rules?
-Proper payment of exempt and non-exempt under FLSA rules
-Achieving perfection and prevention consistent with the implementation of FLSA rules and the effect on the payroll administration
-Identifying employees as exempt from overtime using FLSA rules in the categories of executive, administration, professional, computer professionals, outside sales professionals, and salary and duties test under FLSA for exempt employees
-Recordkeeping, 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?
-Possible reclassification of employees from exempt to non-exempt based on the salary threshold
 

Who Will Benefit

-PR professionals
-HR Personnel 
-Managers
-Controllers 
-Supervisors
-Planning and budgeting professionals
-All positions involved in personnel or payroll administration and the supervision of personnel
-ALL with the function and responsibility for payroll (payment of employees, contractors, and Administration.

You may ask your Question directly to our expert during the Q&A session.