Payroll Virtual Boot Camp: Wage & Hour

payroll-blog

Knowledge of these five areas of wage and hour law is critical for payroll professionals:

  • Paying exempt employees
  • Calculating gross wages under the FLSA
  • Deducting from an employee’s wages
  • The nuts and bolts of physically paying employees, and
  • Changing payroll frequencies.

A marathon, six-hour training session on April 8 from GlobalCompliancePanel, a leading provider of professional training for all the areas of regulatory compliance, will explain these at depth, so that payroll professionals can understand how to implement these and stay compliant with the law. This knowledge also helps them to protect their company from potential financial disasters.

Vicki M. Lambert, president and academic director of The Payroll Advisor™, will be the expert at this session. Kindly visit Globalcompliancepanel to register for this highly important learning on payroll.

Aimed at offering valuable benefits to professionals related to payroll, such as Payroll Executives/Managers/ Administrators/Professionals/Practitioners/Entry Level Personnel, Human Resources Executives/ Managers/ Administrators, Accounting Personnel, Business Owners/Executive Officers/ Operations and Departmental Managers, Lawmakers, Attorneys/ Legal Professionals, or any individual or entity that must deal with the complexities and requirements of Payroll compliance issues; this session will impart its learning agenda in the following manner:

Hour One: Paying Exempt Employees

  • What is exempt-exactly?
  • What are the categories of exempt employees?
  • What is the salary level test-beginning in 2020?
  • What is salary basis?
  • When you can and when you cannot dock the pay of an exempt employee

Hour Two: Wage and Hour Compliance-Its Overtime and Much More!

  • Federal minimum wage
  • state minimum wage
  • credits against minimum wage
  • Youth minimum wage (training wage)
  • Board and lodging credits
  • Defining the legal work week and workday
  • What is considered hours worked and how do they affect overtime
  • What is regular rate of pay? Do new 2020 DOL regulations change this definition?
  • How is overtime calculated under the FLSA
  • Posting requirements
  • Meal and rest periods
  • Where do the states stand?

Hour Three: Deducting from an Employee’s Paycheck

  • Taxes-which are mandatory, which are a courtesy, and which ones the employee controls
  • Child support-the limits but not beyond
  • Tax levies-federal and state
  • Creditor garnishments-how many can you honor and how often
  • Voluntary wage assignments for “payday loans”-when are they required to be honored
  • Handling fringe benefits such as health insurance or group term life
  • Uniforms-when the employer pays for it and when the employee furnishes it
  • Meals-when they become part of the employee’s wages
  • Lodging-when it is part of the employee’s wages and when is it a perk
  • Shortages-the employee came up short so they have to cover that right?
  • Breakage-you broke it so you have to pay for it, legal or not
  • Overpayments-the employee was overpaid so you can just take the money back or can you?
  • Advanced vacation pay-the employee knows the vacation hours were advanced so we can take them back when the employee quits can’t we?

Hour Four: The Nuts and Bolts of Physically Paying an Employee

  • Required payroll notices to new hires
  • Frequency of wage payments
  • Paystub regulations
  • Lag time between closing the payroll and distributing the check
  • Pay date rules
  • Payment methods permitted by state including cash, check, direct deposit and paycards
  • Statements and payday notices
  • Paying terminated employees
  • Paying out accrued vacation

Hour Five: Changing Payroll Frequencies

  • Understanding the need for the change
  • The choices available
  • Compliance issues involved
  • The change’s impact on payroll
  • The change’s impact on employees
  • The change’s impact on systems and procedures
  • Key communication factors to include at all stages of the change
  • Formulating the plan to implement the change
  • Testing the change before implementation
  • Implementation and the outcome

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About the expert: Ms. Lambert conceived of, created the teaching and student manual, and coordinated the program for the certificate in Payroll Practice and Management that has been offered on site through the Extended Education Offices of a few universities.

With nearly 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 and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA.

Payroll laws are varied, hence need to be applied thoroughly and thoughtfully

 

Payroll laws set out the rules for which payroll regulations are to be enforced. Payroll laws and regulations have been enacted since it is through the payroll that employees not only get paid; it is also the same source for taxation and other deductions. Every organization that has a payroll system has to adhere to these payroll laws and regulations. The federal Department of Labor (DoL) sets out payroll laws and regulations, which the Internal Revenue Service (IRS) enforces. Payroll laws and regulations apply at the State and local levels.

Purpose of payroll laws

The fundamental function of payroll laws and regulations is to ensure that employers pay their employees the wages in accordance with the minimum wage limit set out by federal laws. Payroll laws and regulations are meant to ensure that employees do not get underpaid for their work.

The federal government makes a few deductions as part of payroll laws, while a few other kinds of deductions are levied by the States, and this rate varies from state to state. Ensuring compliance with the requisite payroll laws is an obligation on the part of employers who are bound by the provisions of the payroll laws. Employers who fail to do so invite legal action from the DoL.

In order to comply with the set payroll laws; professionals in charge of payroll functions in organizations need to have a complete and proper grasp of the way payroll laws are enacted. They need to be completely clear about the exact laws that they need to apply, the ways of doing so, the implications of not getting payroll laws right, and so on. All these will be part of a very valuable training session that GlobalCompliancePanel, a leading provider of professional trainings for the regulatory compliance areas, is organizing.

At this two-day seminar, Miles Hutchinson, who is President, Sales Tax Advisors, Inc., and is a CGMA and experienced businessman, who brings over 35 years in the field, will be the Director. To register for this important learning, please visit http://www.globalcompliancepanel.com/control/globalseminars/~product_id=900838SEMINAR?wordpress_seo .

Helping with an understanding of payroll laws in their entire depth

Miles will help participants augment their learning and understand how to handle their role with confidence. He will cover a very broad range of topics that includes:

  • Worker classification
  • Employee classification
  • Establishing methods and rates of pay
  • What must be included in the rate of pay
  • Hours that must be compensated as worked time
  • Required benefits
  • De Minimus working fringes
  • Withholdings and deductions from pay
  • Voluntary deductions
  • Child support and garnishment orders
  • Payroll reporting
  • Analysis of risks of noncompliance
  • Proper documentation of policies and procedures
  • Record retention requirements.

Understanding the sources of laws and knowing how to locate them

The core of this session on payroll laws is that it will help participants understand the sources at which they can locate the laws, how to interpret them and how to apply them in the most effective ways. This learning will give the participants the skill and knowledge they need to master the laws and identify the best practices that ensure compliance from their organization and out of court. This is a big money saver for sure.

Miles will help participants who are concerned about their company’s ability to comply with U.S. labor and payroll laws with a formal study of the rules of engagement. This will help ensure that their company pays their employees fairly and handles tax and other withholdings appropriately, as mandated by law.