Fair Labor Standards Act (FLSA) (Wage & Hour) Audits:On May 23, 2016 the US Department of Labor published new “white collar” or EAP regulations updating the rules by which an employee may be properly classified as exempt from the FLSA’s minimum wage and overtime regulations. Since then Ms. Walters has presented to overflow audiences on the topic and testified before the US House Small Business Committee regarding the impact the new rules will have on employers and employees. Are you prepared? What strategies and options are available to you? Have you conducted an assessment to determine if each of your employees classified as exempt today will still be eligible as of the scheduled effective date of December 1, 2016? And don’t forget there are at least 16 states that have their own “white-collar” regulations and require their own analysis for proper exempt classification. Are your bonus compensation plans, wage payments and deductions administered in compliance with these federal and state laws and regulations? Contact FiveL today for more information about FLSA compliance reviews, pricing, methodology and a FREE FLSA calculator to help assess the impact to your organization.
Salary Surveys: How does your pay compare to the market? FiveL Company uses a privately published salary survey database that is updated quarterly and ensures a current, apples-to-apples comparison of your company with comparables in your market matching:
- job description rather than job title;
- SIC or NAICS code;
- geographic market;
- annual revenue; and/or
- number of employees
From the for-profit to the not-for-profit, the private to the public sectors, FiveL Company has conducted salary surveys and FLSA audits for clients in a variety of industries including construction, manufacturing, service, technology and more.
Contact FiveL Company today for more information about FiveL Company’s services