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
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 based on 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 are the new guidance DOD salary limits for Exempt employees and the consequences of more employees being classified as non-exempt? You'll get answers to all these through a 6-step review and much more.
Why Should You 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 good working and industry knowledge in an easy-to-understand way to help them apply these tools and techniques.
Who Will Benefit