Wage & Hour Compliance in Tampa
Are you a Tampa business owner foggy in the field of wage and hour compliance? You’re not alone.
The United States Department of Labor Wage and Hour Division (WHD) oversees the Fair Labor Standards Act (FLSA), which establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments.
But, some states have minimum wage rates higher than those outlined in the FLSA, while others have minimum wages rates that are the same or less than those outlined in the FLSA.
Nationwide: Non-exempt workers are entitled to a minimum wage of not less than $7.25 per hour. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek.
State of Florida: Minimum wage is increased annually based upon a cost of living formula and is currently $7.67 per hour with a minimum wage of at least $4.65 per hour for tipped employees, in addition to tips.
Employees who are not being compensated fairly have the right to file a complaint about an employer’s alleged noncompliance with lawful minimum wage requirement as well as inform any person about the employer’s alleged noncompliance. Employee rights are protected under the State Constitution, but, who’s protecting you, the employer?
Many Tampa businesses rely on the support of a professional employer organization (PEO) when it comes to wage and hour compliance. In addition to HR administration, benefits, payroll, and insurance, PEO clients gain increased protection from ever-changing wage and hour compliance.
Partnering with a PEO gives you the advantage of working with a well-informed team of HR professionals each and every day, and PEOs often bring more streamlined and integrated technology to the table, for improved wage and hour reporting. Many PEO’s also provide EPLI Insurance to help protect employers against wrongful lawsuits pertaining to wage and hour disputes.
To learn more about PEO and wage and hour compliance solutions in Tampa, contact Tampa-based Employer Solutions Plus at 727-698-6207.