Calculating Overtime Pay in 2024: How to Get it Right Every Time
Calculating overtime pay for non-exempt employees sounds so simple, but calculating overtime can be extremely tricky. Overtime Payment calculation includes reasonable cost of meals, lodging, nondiscretionary bonuses, commissions, on-call pay, shift differentials, and cash benefit payments. The topic gives you an insight into the tracking hours worked, the use of rounding practices, and when you must include a bonus in calculating overtime pay of your employees. It also consists of the Portal-to-Portal Act and how it affects overtime payment calculation. Penalties for overtime violations can be severe, with the possibility of fines, imprisonment or both. The session is suitable for Payroll Professionals, Human Resources Executives and Business Owners.
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