147. Navigating Wage and Hour Laws

I'm tackling a crucial topic vital for all small business owners and bosses: wage and hour compliance. Neglecting these matters can lead to costly investigations and legal penalties. But don't worry, we'll explore the complexities of wage and hour laws, from minimum wage to overtime pay. These laws vary by state and locality but we'll discuss the Fair Labor Standards Act (FLSA), which outlines minimum wage, overtime pay, and more at the federal level.

Now, onto common payroll mistakes. Small businesses often trip up with errors like rounding down work time or paying based on schedules instead of actual hours worked. I'll highlight these pitfalls and how to avoid them. Let's not forget employee classification – a big deal. Misclassification can lead to legal trouble!

I'll share tips on researching your state's wage and hour laws and following them diligently. Plus, we'll talk about setting clear policies, using technology, and providing transparent pay stubs.

What you'll hear in this episode:

[0:05]Wage and hour compliance for business owners

[4:05] Wage and hour laws and their complexities

[8:45] Labor laws and common mistakes in payroll management

[13:20] Wage and hour compliance for businesses

[16:45] Wage and hour laws and their impact on businesses

[21:55] Wage and hour compliance for businesses

Listen to Similar Episodes:

Back to the Basics: Your Compliance Checklist

HR Essentials for Small Business Owners: Avoiding Mistakes and Promoting Growth

Salaried vs. Hourly Hiring

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