"Even very savvy companies with significant HR resources end up with wage and hour lawsuits on their hands. Most wage and hour violations aren't wilful, and it's not that kind of thing that happens only to 'bad employers'."
- Daniel Abrahams, Brown Rudnik LLP
In 2016, the Fair Labor Standards Act (FLSA) extended overtime to 4.2 million employees. Do you have salaried employees who earn between $23,660 and $47,476? If so, you have some big decisions to make by December 1, 2016.
FLSA wage and hour lawsuits have increased a staggering 456% since 1995. And that's just the start of why business owners are concerned. Not only does a successful FLSA prosecution mean you'll be paying back wages, penalties, and your own legal fees–you'll be paying your employee's legal fees as well.
Does your industry or state have a target on its back? How much are businesses in your state paying out for wage and hour lawsuits? Find out!
Knowing the law, creating policies and procedures that safeguard your company and employees, and knowing your options for facing a worst case scenario are crucial to the health and success of your business.
Not only is overtime expensive—it's also one of the most common areas employers struggle with when it comes to FLSA compliance. Understanding the law, being aware of potential pitfalls, adopting technology that aids in compliance can make all the difference in avoiding suits.
"The overtime rule is about making sure middle-class jobs pay middle-class wages. Some will see more money in their pockets...some will get more time with their family...and everybody will receive clarity on where they stand."
-Tom Perez, Labor Secretary
Did you know that 8.9 million workers are currently misclassified? Determining whether an employee should be exempt vs. nonexempt is crucial – and complicated. But knowing the difference and avoiding common mistakes is key to avoiding a lawsuit.
Did you know that you're required to track time for all non-exempt employees—and keep those records for two years? If the words "organized," "accurate," and "easily accessible" don't apply to your current method of timekeeping, it's time for a change.
Learn how cloud-based time tracking can make all the difference when it comes to complying with the FLSA, preparing for the new overtime regulations, keeping overtime in check, and protecting your company in the event of a lawsuit.