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Forecasting Costs Of Unplanned Overtime

Webinar: ID# 1026401
Recorded CD
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About This Course:
Unplanned overtime, overtime which occurs and must be paid regardless if budgeted or approved in advance, has become a major concern for organizations across the country. It directly impacts all organizations in terms of both financial impact and, more importantly, employee relations impact.

Research points to the fact that since the last recession of 2008 - 2009, many organizations made the strategic decision not to replace laid-off staff but to face growth in the need for products and services with a smaller workforce. Their answer was to pay those employed increased overtime thus keeping their employee staff compliance in check. However, many of these same organizations are finding it more difficult to budget for these overtime expenses. In addition, many have now experienced increased absenteeism and turnover often related to the stress of having to work overtime to meet production and/or service delivery.

This webinar will explore the following strategies to better understand and control unplanned overtime. You will walk away with a blue print to address the growing area of concern.

AGENDA

  • Brief Overview of Fair Labor Standards Act (FLSA) Overtime Requirements Regardless If Planned or Unplanned
  • How Unplanned Overtime Occurs and Both the Financial and Employee Relations Liabilities Related to Not Controlling Overtime Occurrences
  • Proven Financial and Employee Relations Strategies for Better Forecasting Unplanned Overtime
  • Methods to Hold Supervisors and/or Managers Accountable for Forecasting and Controlling Unplanned Overtime
About The Presenter

Michael F. Maciekowich
  • Thirty-nine years of human resource/compensation related experience in multiple industry segments
  • Thirty-three years in total rewards consulting including organizations such as Willis Towers Watson and Korn Ferry Hay
  • Presented a ‘Lifetime Achievement Award” by WorldatWork (former American Compensation Association)
  • Nationally known presenter at over 20 state and regional SHRM (Society for Human Resource Management) chapters
  • Started Astron Solutions, LLC in 1999 now with over 1100 clients in all industry segments in 34 US states
  • Master’s Degree in industrial relations, Loyola University of Chicago
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Forecasting Costs Of Unplanned Overtime
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