Better understand how to implement strategies that are compliant with federal and state wage payment regulations for final paychecks.
Employers face an often-treacherous landscape of legal and practical challenges related to final wage payments, ranging from complex and varied timing requirements to divergent rules about what amounts must be included or what (if any) deductions can be made. These problems are particularly acute for multi-state employers, who must navigate an overwhelming array of technical rules about how to pay departing employees. And the penalties for getting it wrong can be significant and costly, as final pay errors can result in legal liability, sometimes in the form of class or collective actions. This course will provide you with an overview of the legal requirements relating to final pay obligations, coupled with practical guidance about how to best calculate final wages in a timely manner. Explore common pitfalls relating to final pay - including issues concerning paid time off and vacation, bonuses and other incentive compensation, and deductions. In addition, the material will provide you with tools to help understand final pay requirements, and discuss best practices to avoid liability.
Learning Objectives
- You will be able to recognize how to calculate final pay amounts.
- You will be able to identify vacation, personal day, and paid time off payment obligations.
- You will be able to identify timing and methods of final wage payments.
- You will be able to recognize pitfalls and potential liability from final pay errors.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Determining Final Pay Amounts
- Calculating Amounts Owed to Nonexempt and Exempt Employees
- Determining Entitlement to Bonuses and Other Forms of Incentive Compensation
- Permissible Deductions From Final Pay Amounts (e.g., for Advances/Loans, Equipment, etc.)
- Expense Reimbursement Obligations Upon Termination
Vacation, Personal Day, and Paid Time off Payment Obligations
- Where Governed by Law
- Where Governed by Policy
- Best Practices for Paying out Vacation or Other Paid Time off
Timing and Methods of Final Wage Payments
- Deadlines Related to Terminated Employees
- Deadlines Related to Resigning Employees
- Deadlines Related to Bonuses, Commissions, and Other Forms of Incentive Compensation
- The Manner and Place of Paying Final Wages, Whether In-Person, by Direct Deposit, or Mail/Courier
Pitfalls and Potential Liability From Final Pay Errors
- Potential Liability for Delays in Final Wage Payments
- Potential Liability for Miscalculation of Final Wage Payments
- Best Practices to Avoid Delays or Miscalculations in Final Wage Payments
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on November 15, 2023.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
CPE/NASBA - QAS Self Study 1.8 including Business Law 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Philippe A. Lebel
Proskauer Rose, LLP
- Senior Counsel, Proskauer Rose LLP (Los Angeles)
- Represents employers across a wide array of industries in all aspects of employment litigation, including wage and hour, discrimination, harassment, retaliation, defamation, and breach of contract litigation, in both the single-plaintiff and class-collective and/or representative-action context
- Experience litigating complex class and/or representative actions involving allegations relating to unpaid minimum and overtime wages, errors in the overtime pay calculation, and alleged employee misclassification
- Counsels employers on compliance with wage and hour laws, including overtime and exempt classification issues
- Assists employers with regional and national wage and hour audits addressing minimum wage and overtime compliance
- Speaks regularly on emerging issues for employers
- Published or quoted in Law360, the Daily Journal, The Hollywood Reporter, Business Insurance, and SHRM.org regarding a variety of employment law topics
- Recognized by Chambers USA and Best Lawyers in America for numerous years
- Can be contacted at 310-284-4558, [email protected], or www.proskauer.com/professionals/philippe-lebel
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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