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3 Ways to Avoid Costly Wage and Hour Problems


OVERVIEW The U. S. Department of Labor has a long list of all the things that employers are doing wrong under the Fair Labor Standards Act (FLSA). Misclassification of employees is one major area that both the USDOL and the IRS are clamping down on. Mistakes in classification can result in major settlements, including back pay, payment of fines, and reclassification.
WHY SHOULD YOU ATTEND
Losing a wage case can be an expensive proposition. In addition to back wages, employers must also pay penalties, interest and the legal fees of the employees if they prove their case. These cases are difficult to defend because quite often employers did not know they were in the wrong, unfortunately, ignorance of the law is no excuse. While settlements may not amount to more than $5000 per employee, class action suits are common and may result in costs of over $200,000 to multi-million dollar settlements, depending on the size of the company.
AREAS COVERED
• What is a non-exempt employee
• What is an exempt employee
• A brief word about independent contractors

LEARNING OBJECTIVES
• The most recent changes in exempt classification under the Fair Labor Standards Act (FLSA)
• Who is a nonexempt employee
• How nonexempt employees are paid overtime
• What is the new definition of “regular rate” of pay
WHO WILL BENEFIT
• Small Business Owners
• Payroll Managers
• HR Managers
• Labor and Employment Law Personnel
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