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Overview : The Fair Labor Standards Act (FLSA) requires that most employees in the United States be paid at least the federal minimum wage for all hours worked and overtime pay at time and one-half the regular rate of pay for all hours worked over 40 hours in a workweek.
However, Section 13(a)(1) of the FLSA provides an exemption from both minimum wage and overtime pay for employees employed as bona fide executive, administrative, professional and outside sales employees. Section 13(a)(1) and Section 13(a)(17) also exempt certain computer employees. This webinar discusses the requirements that must be met regarding exempt employees, including job duties, the salary basis test and the salary level test.
Why should you attend: Improper exempt worker classification and non-compliance with regulations pertaining to them generate some of the largest back pay awards and fines ever recorded. Penalties and back wages are computed with the same formula for all companies-large or small. Exempt employee classification and compliance infractions can be devastating or ruinous to any employer.
Although payroll rarely makes the decision on which employee is classified as exempt it is critical that they understand the regulations regarding how the determination should be made. And it is even more critical that the payroll department understand and apply the strict rules for paying employees who are classified as exempt. Remember the penalties for errors apply to both the classification of the worker and the actual payment of salaries when it comes to exempt employees.
Areas Covered In the Session:
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