This webinar covers the complete context of payroll rules and administration made simple. It starts with the basic classification of workers properly classified as Contractors or Workers. Rules for Payment and administration of Contractors are outlined. Rules for workers classified as “Exempt” or “Non-exempt” based on DOL/ FLSA.Rules for payments to exempt and non-exempt employees are examined. Overtime rules are outlined for non-exempt employees in addition to record-keeping and reporting for all employees.The webinar will examine trends in payroll administration including:Proper classification and payment of Contractors, Exempt and non-exempt employees New DOL-approved guidelines and rules on overtimeSix steps implementation plan for the new DOL rules and guidelinesImpact and concern of inflation on payroll and wages COVID-19 concerns and challengesNew payroll future trends and technologiesWebinar stresses that payroll administration is only accepted if perfect. Achieving perfection in payroll processing is the overall theme of this webinar. Special attention is paid to the understanding and implementation of the Dept of Labor's new proposed overtime rules.New Rules will require a complete review of all jobs and descriptions, policies and procedures, and handbooks. More employees will be eligible for overtime causing an increase in administration and costs. This major implementation will also have a cultural impact as employees must be moved to different classifications for compliance. COVID-19 concerns and challenges.Areas Covered Proper classification of workers as contractors or employees based on new DOL rulings Impact of Contractor classifications under new DOL guidelinesProper classification of employees as exempt or non-exempt based on new DOL salary limits for Exempt employeesLimit raised from $23,000 to $36,000 making more employees eligible for overtime and the administrative A complete section is devoted to the understanding & implementation of the new DOL overtime and salary rulesThe recent executive order on minimum wage for Federal workers is covered. Executive order 14026Importance of job description in the implementation of new rules Proper implementation of FLSA rulesProper payment of exempt and non-exempt under FLSA rulesAchieving perfection and prevention consistent with the implementation of FLSA rules. The overall goal of perfection and prevention in payroll administrationIdentifying workers as contractors vs. employeesIdentifying employees as exempt from overtime using FLSA rules in the categories of - Executive - Administration - Professional - Computer professionals - Outside Sales ProfessionalsSalary and duties test under FLSA for exempt employeesThe value of the job description and its proper preparationConsideration of record keeping, accounting, and reporting, policies and proceduresProper payment to newly classified exempt and those that by default fall into the non-exempt categoryHow to handle non-discretionary bonuses consistent with paying overtime and the new overtime rules?Achieving perfection and prevention in payroll consistent with new rulesNew Overtime rules are being proposedInvolves possible reclassification of employees from exempt to non-exempt based on the salary thresholdCompanies must understand and implement these new rules This Webinar covers a six-step review and implementation of these new rules Specific review, understanding, and implementation of the Dept of Labor's new proposed overtime rules are covered to provide a perfect path to complianceThese payroll events and activities will be viewed through the lens of: Increased use of cloud-based technology - Embracing Artificial Intelligence - Integration of HR technology - Increased demands from the Gig economy - Financial wellness - Pay Transparency - Improved data securityAll of these efforts are aimed at achieving the stated goal of perfection in payroll in a new normal environment aided by technology-based tools and techniquesWho Should AttendHR PersonnelPR Personnel SupervisorsManagersControllersPlanning and Budgeting ProfessionalsAll positions involved in personnel or payroll administration and the supervision of personnelWhy Should You AttendPayroll is the most important aspect of any business. It leads to employee morale. It must be perfect and comply with all the rules. This webinar examines all the payroll rules of the FLSA and how to implement them to achieve perfection. It is a simple approach to payroll rules and administration and guaranteed to give attendees a good working knowledge of payroll rules & administration in simple to understand and apply tools and techniques with associated new trends and technologies.Topic BackgroundPayroll Administration is critical to any enterprise. The world is changing with more technology and demands on payroll to cope with the work-from-anywhere environment prompted by COVID-19. Substantial Artificial Intelligence exists in the form of tools, techniques, and technology to substantially enhance the administration of payroll. However, many companies are still stuck in legacy systems and inefficient ways of processing payroll. Employee demands for payroll transparency, online data, and flexible payments including cryptocurrency and not being met due to outdated and antiquated payroll procedures and systems. Payroll, too often, is done in a vacuum for HR management. These should be combined and integrated into common technology platforms. The essence of payroll is perfection in payments and prevention of fees and fines for non-compliance with statutory rules and regulations. Payroll administration can be significantly improved by employing the tools and techniques of technology available from a variety of sources. This webinar explores all efforts to improve payroll administration in a technology-based environment using lessons learned from COVID-19 to create new norms policies and procedures for successful payroll administration.