3 Ways to Avoid Costly Wage and Hour Problems
OVERVIEW The U. S. Department of Labor has a long list of all the things that employers are doing wrong under the Fair Labor StandardsAct (FLSA) . Misclassification of employees is one major area that both the USDOL and the IRS are clamping down on. Mistakes in classification can result in major settlements, including back pay, payment of fines, and reclassification. The second area that is being investigated is improper payment of overtime. The USDOL has said that employers are stealing wages from their employees and they intend to correct all those mistakes. Mistakes on payment of over-time can be expensive to correct, because if you have been making that mistake on one employee you have been making for many. Correcting overtime pay means going back two years or more to correct your mistakes. This can be very expensive. WHY SHOULD YOU ATTEND Losing a wage case can be an expensive proposition. In addition to back wages, employers must also pay penalties, interest and the le...