• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Timeshare company to pay $868,000 in back wages

by on
in Compensation and Benefits,Human Resources

Orlando-based Central Florida Investments will pay $868,443 in back pay and overtime to 1,065 employees to settle a complaint filed with the Wage and Hour Division of the U.S. Department of Labor.

A DOL investigation revealed the firm, which markets timeshare vacation home ownership, failed to pay minimum wage to employees scheduling timeshare tours and did not properly compute commissions and overtime.

Central Florida Investments agreed to correct the errors that led to the underpayments and institute new bookkeeping procedures to ensure paychecks are properly computed in the future.

Note: Commissions and bonuses can create confusing wage-and-hour issues. Employers with exotic compensation plans should have them reviewed by an attorney well versed in the Fair Labor Standards Act.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/12535/timeshare-company-to-pay-868000-in-back-wages "

Leave a Comment