| Tech Start Ups |    4497 VIEWS  |
| Tech Start Ups | |
| 4497 VIEWS | |
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Monday, October
22, 2018 11:00AM / Gloexmarketing.net
Every person who
administrates a business knows that the Federal rules and regulations regarding
employment and wage rates are established through the Fair Labour Standard Act.
However, each state has the liberty to promote its own rules, as long as it
keeps the minimum requirements.
According to the law, every
employee who does overtime has the right to receive a higher wage for the hours
worked extra every week. Currently, the standard working period is set to 40
hours a week, but many people have to spend more time at their working place
for fulfilling tasks.
Since their health and
personal life can be affected by this situation, the State says that people who
do overtime should receive a wage equal with one and a half of their regular
income for every hour which exceeds the legal time. Companies that are willing
to stimulate their employees even more can pay double or give other
compensations, but it’s up to them.
Overtime Can Be Calculated
Fast and Easy
Most employers know the Law
and have no intention to exploit their workers. The challenging part comes when
they have to calculate the amount of overtime for each employee. It is even
more difficult for small businesses where the owner does it all.
Despite the pessimistic way
of thinking, there is a solution to every problem. Let’s not forget that we are
living in an era where everybody has access to technology. In this particular
case, we are talking about cool software and apps which recently appeared.
These tools can help every
business owner keep track of his/her employees working time. With its help, you
can easily see who did overtime and calculate the wage for all your staff
members. Besides, the virtual time tracker is also available as mobile punch dashboard, so you can easily download it on your Android system or
Apple device. In this way, you can always follow your employees’ progress with
their tasks, see if anyone skips work and make sure that all the team is
treated equally when it comes to payment.
These Apps Lower
Administrative Costs And Increase Productivity
Due to the mentioned apps,
employees don’t have any reason to think that one of their colleagues receives
privileges or skips hours without being noticed. As a result, they become more
productive and confident.
Business owner save time,
some resources and the money they could have spent to correct any human errors
that might have appeared. Also, it’s a lot easier to keep records in case any
Labour Department audit comes and wants to check the books.
If you don’t have experience
in calculating the wage rate/ regular hour and overtime, you should leave that
to an accountant. Also, it is advisable to talk to an attorney and ask about employment
and labour rules in your state. Keep it legal and you’ll avoid a huge fine!
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