Wage and hour lawsuits can cost employers millions of dollars and jeopardize a company’s reputation. To avoid wage and hour lawsuits, settlements, fines, and headaches, employers need an airtight compliance initiative. We’ve compiled the following steps to help you achieve labor compliance:
8 Steps for Your Compliance Game Plan
Step 1: Know which wage and hour laws affect your business. Stay abreast of relevant legislation.
Step 2: Develop definitive compliance policies as well as the procedures needed to enforce them.
Step 3: Educate all employees and managers on compliance policies. Incorporate a compliance training program into your annual planning.
Step 4: Leverage workforce management technology to automate compliance processes and reduce the possibility of human error, which is often the crux of wage and hour lawsuits.
Step 5: Keep accurate, comprehensive records for self-auditing, and also as a defense against non-compliance allegations.
Step 6: Audit your compliance practices continuously and take corrective action as needed.
Step 7: Listen to employees. Take complaints seriously and learn from them.
Step 8: Get expert help when you need it. The stakes are high. For more resources, reference the Department of Labor's Wage and Hour Department.
At the end of the day, the risks of not complying with state and federal laws are greater than the effort and expense associated with ensuring compliance. It’s time to make compliance everyone’s business.
EPAY can help enhance your overall compliance game plan. Our time and attendance system helps employers avoid wage and hour lawsuits by providing digital audit trails and other compliance features. Want to learn how EPAY can help your company maintain compliance and avoid wage and hour lawsuits? Contact us for more information.