What Does the Law Say About Paying Your Employees?

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What Does the Law Say About Paying Your Employees?
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• As a business owner, paying your employees
  accurately and in a timely manner is a top
  priority and an important legal obligation. It
  can be tempting especially when times are tough
  to delay staff payments or avoid paying
  terminated employees, but in doing so, you leave
  yourself open to costly lawsuits and potential
  fines.
• There are fourteen states in the U.S. and a
  handful of cities, who have set their own minimum
  wage rates that are higher than those at the
  federal level, and set by U.S. labor law. In
  general, employers must pay their employees the
  highest minimum wage that is designated by
  federal, state and local law.

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• Lets look in more detail at what the law says
  about paying employees
• The FLSA and its role in pay
• The Fair Labor Standards Act is responsible for
  providing U.S. workers with a minimum wage,
  overtime pay and child labor regulations. Most,
  but not all, private and public sectors employees
  are covered by the FLSA, while certain employers
  and employees are exempt from coverage.
• The basic minimum wage that employers are
  required by the FLSA to pay their employees, was
  raised from 5.15 to 7.25 an hour, and all
  employees who are covered and non-exempt, must
  receive at least this amount.

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• Employees who receives tips are not required to
  be paid the basic minimum wage, however, the cash
  wage they receive when added to their tips, must
  total at least the minimum amount of 7.25.
• With respect to overtime, the FLSA requires all
  employers to pay their covered, non-exempt staff
  who work more than 40 hours a week at a given
  job, at least time and a half. State and local
  government employees who are covered and
  non-exempt, are allowed by the FLSA to be awarded
  compensatory time off for all hours worked
  totalling more than 40 in a working week. This is
  also known as comp time and is time off with
  pay in lieu of overtime pay.

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• Whats the difference between salaries and hourly
  wages?
• Periodic salaries are usually paid irrespective
  of the number of hours an employee has worked,
  and hourly wages are self-explanatory. The
  distinction between the two was finalised and
  codified by the FLSA of 1938, and there became 5
  categories that were deemed to be exempt from
  minimum wage and overtime protections, and were
  therefore made applicable to salaries the
  categories involved were executive,
  administrative, professional, computer and
  outside sales employees.

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• Salaries are usually set on a yearly basis, and
  these employees are required by law to be paid on
  a salary basis above a certain level, which may
  vary depending on the profession. For more
  detailed information about paying your employees,
  you are strongly advised to seek professional
  help and guidance to ensure that you comply with
  state, federal and local wage requirements.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll services in Hialeah and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Miami Coral Gables.