Wage and Hour calculations are sometimes tricky, but that is no excuse for making mistakes. Wage and Hour mistakes can be extremely expensive for organizations. In 2015, the US Department of Labor (DoL) collected close to a quarter of a billion dollars in back wages for nearly a quarter of a million employees whose pay did not comply with the requirements of the Fair Labor Standards Act (FLSA). Just a misclassification of independent contractors resulted in a seven-figure settlement recently.
Equally surprising are these facts: The number of FLSA-related lawsuits filed in federal courts went up by over 250 percent in 10 years. In 2014, monetary awards for Wage and Hour lawsuits averaged over $ five million.
Enacted in 1938, the FLSA continues to be the US law for determining wages. Although promulgated in a different era; the FLSA has undergone changes over time and is now powerful enough to impose embarrassingly high penalties on companies.
Complete understanding of the FLSA’s Wage and Hour provisions is essential
All these facts point to the need for a complete understanding of the FLSA. This is the only means to avoiding falling into the DoL’s net, as most Wage and Hour mistakes are a result of not understanding the provisions of the Wage and Hour legislation in thorough detail.
A few common mistakes do happen even to companies that think they are diligent in their understanding and implementation of Wage and Hour provisions. It is to dispel misconceptions such as this that TrainHR, a leading provider of professional trainings for the human resources industry, will be organizing a webinar.
Grasp of top five Wage and Hour mistakes
Michael D. Haberman, co-founder of Omega HR Solutions, Inc. a consulting and services company that offers complete human resources solutions, and a consultant, speaker, writer and teacher, will be the speaker at this webinar.
In order to get a thorough understanding of the five common Wage and Hour mistakes and to avoid the possibility of attracting penal actions from the DoL, please enroll for this webinar by visiting http://www.trainhr.com/control/w_product/~product_id=701619?safetyc....
This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).
Attention to detail is at the heart of implementing Wage and Hour provisions
At this session, Michael will draw participants’ attention to the top five Wage & Hour mistakes. Paying or not paying attention to detail is often the difference between getting Wage and Hour calculations right and ending up paying penalties. It is to such issues that Michael will draw attention during this webinar. He will emphasize the imperative for getting trained to give greater attention to detail, especially in small companies, which are also now under tighter scrutiny from the DoL.
This session will be highly beneficial for professionals who deal with Wage and Hour, such as HR managers, Office managers, HR administrators, Managers, Supervisors, and Accountants and Controllers with HR responsibility.
At this webinar on Wage and Hour, the speaker will cover the following areas: