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An Overview of FLSA & Overtime Pay

Executive Summary

The Fair Labor Standards Act (FLSA) establishes many labor-related
regulations including calculating overtime pay, maintaining accurate
records and qualifying employees as exempt from FLSA provisions.
However, these types of specifications, if misunderstood, can open
employers to inadvertent errors and potentially costly lawsuits. Three
typical FLSA claims involve overtime inaccuracies, including classifying
non-exempt workers as exempt, failing to track all job-related work
hours and incorrectly calculating overtime pay rates. Businesses
looking to protect themselves from these mistakes use a reliable
timekeeping system to manage employee classification, encourage
tracking of all work hours and precisely calculate overtime rates.

Download the Overview of FLSA and Overtime Pay pdf»

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