The old-fashioned time clock system that requires punching in and out with a paper card is by no means high tech, but it is affordable and still available today. (Photo: Shutterstock)
Under the federal Fair Labor Standards Act (FLSA), all employers with sales of $500,000 a year or more are required to keep records of the time all their employees work. Failure to do so can result in significant penalties. Regulations aside, accurately tracking worker time and attendance is obviously in the best interests of your business.
However, tracking and recording employee time can be more of a challenge than you might expect, with overtime rules, labor laws related to clocking in and out, and all the different time tracking options available today. Here we have compiled some tips to help you simplify the process of tracking your employees' time.
|Overtime rules
When overtime is not carefully managed, it can increase your labor costs significantly. Under federal law, all hourly employees who work more than 40 hours per week are entitled to one and a half times their regular pay rate for the overtime hours they work.
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