Calculating Overtime (2021 Updates)

Duration: 60 minutes Speaker: Dayna J Reum
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ABOUT THE EVENT

The New Department of Labor (DOL) rules came into effect the beginning of January 2020. Overtime rules are confusing to understand and implementation is generally a challenge. Overtime and minimum wage have been hot topics for a while since 2016; legislation almost came into effect in 2017. However, several states came forward with legal action and in the end never came to pass. The federal Department of Labor released final legislation to update the salary threshold in September 2019. There have been over 24 new laws that have come into effect across 10 states, as well as 2 laws that have a countrywide implication. If you have not yet updated your information with regard to overtime and minimum wage, this webinar will give you the most up to date Overtime requirements. It will also provide as a guide as to how it will affect employers along with a review legislative attempts in the past couple years. Best practices on how employers can implement the new rules and make sure employers on compliant.

Areas Covered:

  • Review most recent changes to minimum wage – both Federal and State
  • Discussion on how companies should handle minimum wage for states with higher rates then federal.
  • Current legislative activity and what it means to employers
  • Details of federal regulation changes, what they are and when do we as employers need to be ready
  • Impacts of changes to companies and best practices on how to handle them
  • Review Federal Overtime Requirements
  • Exempt vs. non-exempt states
  • Overtime Concerns for employers
  • Regular Rate of Pay – why it is important and how to calculate
  • State Overtime Requirements
  • State by State Review

Who Should Attend

  • Payroll Professionals
  • HR professionals
  • Managers
  • Compliance officers
  • Audit staff
  • Budget personnel’s
  • Attorneys
  • Controllers
  • Compensation Analysts
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Dayna J Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

Credits: 1.0

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Compliance Prime is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org

Credits: 1.0

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Compliance Prime 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: https://www.nasbaregistry.org.

Credits: 1.0

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Subjects: Overtime

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