Great and insightful article from Allbusiness.com:
“Dealing with employee overtime can be one of the most confusing aspects of small business personnel and payroll management. And the stakes are high. Failure to pay required overtime to employees who qualify can result in legal judgments and fees of tens or even hundreds of thousands of dollars against a small business.
But you also don’t want to shell out more in overtime wages to your employees than you are legally required to pay. To walk the fine line between paying too much and not enough in overtime wages, you need to understand the specific overtime pay requirements as defined by the Fair Labor Standards Act.”
Click below to read more:
Source: http://www.allbusiness.com/employee-overtime-pay/16694866-1.html#ixzz1bqrql4L8