Overlooked pay practice that prevents legal problems
The number of pay lawsuits has skyrocketed in recent years — and there’s no sign of a let down. So now’s a good time to revisit your pay practices.
Here’s one essential pay practice that can greatly improve your firm’s chances of staying out of legal hot water.
Keep all pay records on a weekly basis. While employees’ pay is calculated on a weekly basis, many companies only keep pay records based on their own schedules (bi-weekly, monthly, etc.).
Problem: Many pay lawsuits focus on payment for allegedly unpaid work time. That’s means it’s essential for employers to accurately track all of the hours works and apply extras (overtime, time-and-a-half, etc.) to the correct workweek.
And this info can be impossible to determine when firm’s are only keeping multi-week pay records.
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