Description

The IRS, the Department of Labor, the EEOC, state agencies, and trial lawyers have put employers on notice: Wage and hour issues are a “significant problem with adverse consequences.” To address this problem federal and state agencies have hired additional auditors and committed additional resources to identify noncompliance. As a result, employers’ exposure to liabilities associated with wage and hour issues is increasing.

Of particular concern are employer's classification of employees and independent contractors, employers’ determination of employees’ exempt and nonexempt status, the payment of wages for “non-work time,” and the issue of pay equity.  To prevent wage and hour violations and reduce your exposure compensation related liabilities, your organization must take proactive measures to properly classify workers, ensure that managers and supervisors are knowledgeable of wage and hour requirements, correct pay errors when they occur, publish a notice that you are committed to compliance, and demonstrate that commitment through effective governance and risk management practices, including internal audits.

Areas Covered in the Session:

• Review key wage and hour laws and regulations
• Review the nexus between compensation decisions and discrimination claims
• Review the current status of DOL, IRS and other federal and state wage and hour initiatives
• Discuss and assess wage and hour liability exposure,
• Review critical compliance and management issues and effective internal auditing practices. 

Who should Attend?  

•  HR professionals
• CFOs
• Compliance officers
• Internal Auditors
• Risk Managers
• This webinar provides attendees with actionable information to reduce their organization’s exposure to wage and hour claims and liabilities.