Payroll Recordkeeping: What You Need to Know
1 hour 30 minutes
Learn strategies for avoiding wage and hour violations through effective time and recordkeeping policies.
Wage and hour lawsuits are more and more prevalent each year, and the damages that flow from them can be astronomical. The Department of Labor alone collected more than $300 million last year from employers, with the top ten FLSA settlements making up nearly a half billion dollars more. With damages that include (nearly) automatic liquidated damages, attorneys’ fees and costs, various statutory damages, and low standards for plaintiffs to achieve collective certification, the greatest risk many employers face in regards to workplace claims is those based on alleged improper underpayment of wages. Today, in the midst of the COVID-19 crisis, more employees than ever are working from home, creating unique issues regarding legal obligations and practical obstacles facing employers, particularly with respect to accurate recordkeeping and the proper payment of wages. This topic is covered by two attorneys from Jackson Lewis whose practices are focused on representing employers in connection with wage claims, and who routinely work with employers to reduce and eliminate potential exposures before claims arise.
• You will be able to recognize why wage and hour compliance matters.
• You will be able to define exempt versus nonexempt.
• You will be able to identify common payroll and timekeeping missteps.
• You will be able to review the U.S. Department of Labor’s Final Overtime Rule.