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
Webinars
Provided by Yooz
White Papers
Provided by Personify Health
Further Reading
A new opinion letter looked at whether one company needed to add bonuses into its overtime calculations under federal law. The answer fr...
Finance pros with lingering compliance concerns about employees working remotely will find insight, albeit limited, in new guidance. In...
Employers should be aware the federal law that protects veterans and service members has been amended by a new law, making the stakes highe...
You can now file Form 1099 series information returns using the Information Returns Intake System (IRIS) online portal. Step one is enrolli...
The last thing any CFO looks forward to is laying off employees, but it’s an unfortunate reality for many folks in finance these days...
The IRS is extending an olive branch to businesses that received tax credits related to COVID-19 in error. The tax cops are launching a ...
