2023 - Overtime Computations for Nonexempt Employees

Employers face unique challenges when calculating overtime for non-exempt employees, whether paid hourly, piece work, or salaried. Payroll professionals must consider commissions, bonuses, and other special wage payments, piece rates, shift differentials, multiple pay rates, and actual hours worked during a workweek when making their calculations.
WHY SHOULD YOU ATTEND?
Calculating overtime is not necessarily as simple as taking an employee’s hourly rate and multiplying it by 1.5. Issues include the determination of which employees are eligible for overtime, calculation of the regular rate of pay for overtime-eligible salaried employees, and properly taking into account bonuses, incentives,s, and shift-differential payments. There is a lot more to overtime calculation than initially meets the eye. Mistakes, even honest ones, can be costly. State and federal labor departments regularly issue fines and back pay awards where employers have failed to properly compensate employees for overtime. It is important that payroll professionals know and properly apply the overtime rules.
LEARNING OBJECTIVES
Avoiding the pitfalls of artificial wage rates
When bonus payments must be included in the regular rate of pay
Computing the regular rate of pay for non-exempt salaried employees
Allocating retroactive pay increases to affected pay periods
Computing overtime rates when an employee has multiple regular pay rates
Salary rates that include overtime pay
The special challenge of semi-monthly pay periods
Computing the overtime rate for piece-rate workers
WHO WILL BENEFIT?
Payroll Supervisors and Personnel
Payroll Consultants
Payroll Service Providers
Public Accountants and Enrolled Agents
Internal Auditors
Employee Benefits Administrators
Officers and Managers with Payroll or wage and hour Compliance Oversight
Company / Business Owners
Managers/ Supervisors
Public Agency Managers
Audit and Compliance Personnel / Risk Managers