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Payroll records: Timekeeping for exempt, nonexempt workers

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in Compensation and Benefits,Human Resources

Federal wage-and-hour laws require you to have a reliable system to accurately keep track of employees’ hours and pay. Casual timekeeping systems can easily trigger a back-wage lawsuit.

Companies subject to the Fair Labor Standards Act (FLSA) must keep records for both nonexempt and exempt employees. The regulations don’t say which types of recordkeeping or timekeeping methods you should use, but they do specify the necessary data you need to maintain on all employees.

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Wage-and-hour lawsuits are growing exponentially, according to the fourth Annual Workplace Class Action Litigation Report from national law firm Seyfarth Shaw LLP. The report showed that class actions under the FLSA dominated the legal scene. Another notable trend is the increase in back-wage suits on behalf of higher-income employees, such as those in financial services.

In both types of suits, the key is the time an employee puts in ou...(register to read more)

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