Recordkeeping Rules: Under The Fair Labor Standards Act

Topics:
Human resources management system,
Regulatory Compliance
Tags:
Audit,
Regulations,
Pyramid Technologies,
Payroll Solutions,
Human Resources,
Government,
FLSA,
Fair Labor Standards Act,
Compliance,
Salary
Source:
Pyramid Technologies

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Overview: The Fair Labor Standards Act ("FLSA") regulates wages and hours, minimum wage, overtime pay, recordkeeping, and restricts child labor. It has a multitude of definitions and rules that must be understood and accounted for. That's why it is a good idea for nowadays' payroll and human resources professionals to stay current on their company's legal obligations, making sure they don't inadvertently violate any federal employment laws. By properly identifying exempt employees, reviewing salaries, automating pay rules, and creating audit trails, an organization can minimize compliance risks. The FLSA applies to employers that have $500,000 or more in annual gross sales or that engage in interstate commerce.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 44KB | Date: Aug 2007 | Pages: 3


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