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
Webinars
Provided by Yooz
White Papers
Provided by Personify Health
Webinars
Provided by Insightsoftware
Further Reading
What’s contained in the federal budget proposal for FY 2024? For one thing, certain businesses would pay a higher income tax rate und...
Low-dollar-amount errors that appear on Form W-2 won’t lead to penalties. That’s the official word contained in final regulations from ...
A residential construction company in Idaho learned how payroll errors can quickly turn into significant financial exposure. After a fed...
An Oregon restaurant recently learned a costly lesson about overtime and tip pool rules after a federal investigation found it had shortcha...
In March and April, some of your peers will receive CP2100/CP2100A notices from IRS that will require them to mail out B notices notifying ...
If any employees sustain injuries and can’t work, your company may end up compensating them. If so, take the time to double-check entries...
