Morgan Lewis presented part one of this webinar series which discussed the new requirements and share best practices for developing and implementing an effective and compliant sales compensation plan.
Employers with California employees earning sales incentive compensation face new compliance mandates under California Labor Code § 2751, which takes effect on January 1, 2013.
Discussion topics included:
-
Complying with California Labor Code § 2751
-
Disclosures relating to commissions under the Wage Theft Prevention Act, California Labor Code § 2810.5
-
Timing of monthly incentive payments and the applicability of California Labor Code § 204
-
Circumstances under which employers can recover advances paid to employees
-
Requirements regarding how quickly employers must pay incentive compensation upon termination