New wave of lawsuits: Is your Payroll department vulnerable?
There’s a alarming number of companies being hit with lawsuits for employee compensation violations. So you’ll want to check-in with Payroll ASAP to make sure your firm won’t be next.
There are several things to watch out for. Violations of state regs in the following areas are most likely to get your company in legal trouble:
- acceptable pay period lengths
- acceptable pay methods
- the timeframe in which employees must be paid
- “wages” that are considered protected, and
- how your company is required to treat vacation pay.
While all types of companies can be affected by this wave of lawsuits, multi-state employers are the most vulnerable. Keeping track of the various pay requirements from several states increases the chance for error by the Payroll department.
Readers, what steps does your Payroll department take to safeguard the company from state pay violations? Share them with us in the Comments section.
- Share on
Free Training & Resources
Further Reading
Maryland added new restrictions to earned wage access (EWA) programs, becoming the latest state to reshape how these services operate. For ...
What’s contained in the federal budget proposal for FY 2024? For one thing, certain businesses would pay a higher income tax rate und...
State legislators and public interest citizen groups are pushing harder for minimum wage (MW) increases for next year and beyond. Recent ev...
The U.S. Supreme Court has reached a decision in the case of a highly compensated employee who sued his employer for unpaid overtime. I...
Whether payroll professionals use the most current Excel in Microsoft 365 or an earlier version, they’ll never find enough time to us...
Businesses will be able to get new hires on the payroll more quickly, now that inspecting Form I-9 documents remotely has been given the gr...
