Salary Surveys and FLSA Audits

Salary Surveys and FLSA Audits

Fair Labor Standards Act (FLSA) (Wage & Hour) Audits: The last several years have seen much angst over wage and hour administration, particularly as you try to determine if an employee should be classified as exempt or non-exempt. Since 2016 updated regulations have been on again and off again. But effective January 1, 2020 new, final “white collar” or EAP regulations took effect. Ms. Walters has presented to overflow audiences on this topic. In 2016 and 2017, Ms. Walters testified before U.S. Congressional Committees regarding these regulatory changes. But employers need to consider more than just the federal rules. As of this writing, there are at least 20 states that have their own “white-collar” regulations, which in most cases are stricter than the federal rules and require their own analysis for proper exempt classification. Are your exempt employees properly classified under federal and state laws and regulations? Are your payroll procedures, paid leave practices, bonus compensation plans, wage payments, deductions and more all administered in compliance with these federal, state and local laws and regulations? For your non-exempt as well exempt employees? Contact FiveL today for more information about wage and hour compliance reviews, pricing, and methodology.

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 across the country in a variety of industries including construction, manufacturing, service, technology and more.

Contact FiveL Company today for more information about FiveL Company’s services