Overtime suits up 77%! How to avoid getting hit
Facing salary freezes and reduced hours, employees are going to great lengths to make ends meet — often at your expense.
One area to watch out for: overtime lawsuits.
According to the National Employment Lawyers’ Association, Fair Labor Standards Act (FLSA) lawsuits regarding wage and hour disputes have risen 77% since 2004.
And with approximately 85% of the country’s workforce eligible for overtime, there’s a good chance your firm could be affected.
It’s a good idea to get together with department managers and encourage them to go over time sheets and time cards with a fine-toothed comb.
Why? The area in which most companies falter when it comes to FLSA compliance is over-relying on time cards/sheets to determine when someone qualifies for time and a half.
The Department of Labor offers a vast amount of resources on the Fair Labor Standards Act, which can be found here.
- Share on
Free Training & Resources
White Papers
Provided by UJET
White Papers
Provided by Personify Health
Further Reading
Despite how important monthly financial close is, many companies still struggle to close their books within one workweek, according to a su...
IRS has given employers two extra years to implement a Secure 2.0 Act provision that’s bringing tax changes for certain retirement pl...
A federal investigation forced a contractor to pay nearly $600,000 in back wages and damages after the Department of Labor uncovered system...
For finance leaders, not many responsibilities are as stressful (or as important) as closing the books. The financial close aims to make su...
The Department of Labor’s independent contractor (IC) rule that went into effect on March 11 is forcing many businesses to triple-che...
Those of us who can remember the Internet becoming a fixture in the workplace also remember a lot of so-called experts making dumb predicti...
