Decide whether pay on demand makes sense for your company and, if so, how to implement it.
In a world where almost 80% of Americans assert they are living paycheck to paycheck and 40% claim they cannot cover an unexpected $400 expense, employers looking for recruiting and retention advances have been exploring pay on demand options for their workforce. Simply stated, pay on demand gives workers the ability to access today what they earned yesterday, ahead of the traditional bi-weekly or semi-monthly pay schedules. While a niche benefit now, with only five percent of companies with a large hourly workforce using it, it is forecast that by 2023 20% of those companies will have adopted pay on demand in one form or another. This topic will help company payroll professionals and other human resources professionals to distinguish between various types of pay on demand products and programs, identify the burdens and benefits associated with pay on demand, and make a learned decision about whether pay on demand might be an option in the future. The material will explain various legal issues that arise in connection with payroll on demand, including whether certain deductions from pay are permissible, recouping overpayments or advances, assessing whether free and clear requirements are met, and determining the effect of fees on payroll obligations.
Add to Wishlist
Credit
More Program Information
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
What Is Pay on Demand?
- Introduction to Pay on Demand
- Wage Advances/Payments From Employer to Employee
- Wage Advances/Payments From Third Party to Employee
Important Legal Issues
- Wage Deductions, Fees and Free and Clear Requirements
- Recouping Overpayments
- Wage Assignment and Deduction Requirements
- Privacy Concerns
Practical Considerations
- Administrative Burdens
- Setting up the Rules
- Employee Flexibility vs. Ease of Administration
Add to Wishlist
Credit
More Program Information
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 revised on December 9, 2020.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
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
Michael A. Pavlick
K&L Gates LLP
- Partner in the Pittsburgh office of K&L Gates LLP
- Practice emphasizes all aspects of labor and employment law, with a focus on wage and hour law and traditional labor law
- Has represented a variety of clients in cutting-edge cases and cases of first impression
- Conducts regular seminars and workshops on numerous aspects of labor and employment compliance
- Written several publications related to the areas of labor and employment
- Best Lawyers’ Lawyer of the Year in 2012 for labor and employment litigation in Pittsburgh, and a Best Lawyer pick every year since
- Former judicial clerk for U.S. Court of Appeals Judge
- J.D. degree, magna cum laude and Order of the Coif, Case Western Reserve University; B.A. degree, magna cum laude, Phi Beta Kappa, Drew University
- Can be contacted at [email protected]
Add to Wishlist
Credit
More Program Information
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.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
