Webinars

  February 10, 2010 at 02:00 PM ET

The Department of Labor (DOL) recovered more than $185 million in back wages for over 228,000 employees in 2008.

In 2009, both Lowe’s and Wachovia both settled with the DOL to the tune of $29.5 million and $39 million respectively.

Their mistake—incorrectly figuring how overtime pay rate is calculated according to the Fair Labor Standards Act (FLSA).

The Great Recession has also brought renewed interest to this issue: reduced revenues have some companies trimming payroll costs, while employees—casualties of this cost-cutting—are pushing back on status issues.

But, regardless of your current situation, calculating overtime is a complex, critical payroll function, and there’s no time like the present to ensure your procedures are correct!

Join IOMA and renowned payroll expert, Vicki M. Lambert, CPP on Wednesday, February 10th for this comprehensive lesson in FLSA and how to correctly classify exempt and nonexempt employees for compensation. In just 90 minutes, you’ll learn the proper way to calculate overtime and how to avoid common pitfalls involved in the process.

• How to calculate the regular rate of pay
• The eight narrowly construed exceptions to inclusion of payments in the regular rate
• When you must include a bonus in calculating your employee’s overtime pay
• How to handle overtime calculations once you've determined that a bonus qualifies as includable wages
• How to calculate the overtime premium
• When and how to use the “fluctuating workweek” method

FEATURED FACULTY

Vicki M. Lambert, CPP
President, Lambert & Associates and Editor, IOMA's Payroll Manager's Report and Payroll Compliance Guide

Vicki M. Lambert, CPP, is President and Academic Director of Vicki M. Lambert, LLC a firm specializing in payroll education and training. Ms. Lambert has a Bachelor’s degree, Magna Cum Laude in Business Administration and is a Certified Payroll Professional with over 30 years of multi-state payroll experience.

Ms. Lambert has lectured extensively throughout the United States on payroll administration and compliance issues for clients that include ADP, CCH Incorporated, Ceridian Employer Services, Fox Studios, County of Riverside, Sun Microsystems and others. She has authored, co-authored or edited numerous payroll publications and newsletters.