Payroll Recordkeeping: What You Need to Know

• Overview
• Credits

Learn strategies for avoiding wage and hour violations through effective time and recordkeeping policies.Wage and hour lawsuits have cost employers tens of millions of dollars over the past several years and show no sign of slowing down. In many instances, these lawsuits could have been avoided, or dismissed on summary judgment, had the employer maintained the necessary payroll, time, and personnel records. This topic will identify record keeping requirements under the Fair Labor Standards Act and discuss various areas of the law that are impacted by the failure to maintain necessary records.

Authors

Brian Bodansky, Jackson Lewis P.C. Jonathan Kozak, Jackson Lewis P.C.

Agenda

Why Wage and Hour Compliance Matters

Exempt versus Nonexempt

• Understanding the Difference Between Exempt and Nonexempt Employees

• Determining Which of Your Employees Fall Into a Common Overtime Exemption

Common Payroll and Timekeeping Missteps

• What Does and Does Not Constitute Hours Worked?

• Best Practices for Avoiding and Addressing Common Payroll Errors

• Recordkeeping in the COVID-19 Era

• How Do You Calculate the Regular and Overtime Rate?

The U.S. Department of Labor's Final Overtime Rule

• What Changes Are Imposed by the Final Rule?

• How Long Do Employers Have to Comply?

• What Options Do Employers Have to Ensure Compliance?