The Wage And Hour Audit: Do It Now, Or Pay Later
New England In-House
William E. Hannum III authored an article in New England In-House entitled: ‘The Wage and Hour Audit: Do It Now, or Pay Later.’ The U.S. Department of Labor has promised greater enforcement of pay practices, wage and hour claims are increasing, and recent settlements, fines and damages are costing companies millions of dollars. In this article, Will lays out the critical need for companies to complete wage and hour audits of their pay practices and explains the traps where employers can get caught, i.e. overtime, misclassification as exempt, misclassified as an independent contractor, and failure to pay overtime.