Getting To Grips With The Minimum Wage - PowerPoint PPT Presentation

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Getting To Grips With The Minimum Wage

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The minimum wage laws of the Federal Fair Labor Standards Act (FLSA) must of course be complied with by every U.S. business. Here is some useful information if you’re thinking about taking on employees in your business, and need to know a bit more about the minimum wage. – PowerPoint PPT presentation

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Title: Getting To Grips With The Minimum Wage


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Getting To Grips With The Minimum Wage
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  • The minimum wage laws of the Federal Fair Labor
    Standards Act (FLSA) must of course be complied
    with by every U.S. business. Here is some useful
    information if youre thinking about taking on
    employees in your business, and need to know a
    bit more about the minimum wage.
  • What is the current minimum wage?
  • The federal minimum wage is currently at 7.25
    per hour, and hasnt changed since July of 2009.

3
  • However, not every state follows this, and in
    those states where the minimum wage rate is
    higher than that of the state, employers are
    required to pay their workers that higher amount.
    Of the 50 states, around 30 of those have minimum
    wage rates that are higher than that of the
    state.
  • Who is entitled to receive minimum wage?
  • The minimum wage applies to two types of workers
    classed under 'Enterprise Coverage' and
    'Individual Coverage'.

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  • Enterprise Coverage applies to businesses with at
    least two employees, and that make more than
    500,000 per annum. This type of coverage can
    also be applied to hospitals, those businesses
    that give nursing care for residents, schools and
    government agencies.
  • Individual Coverage is applied to those who work
    in any form of interstate commerce, such as
    companies making or sending products out of
    state, or those who provide caretaker services in
    buildings used for interstate commerce.

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  • What are the conditions to be met for minimum
    wage to apply?
  • Employers must pay their workers the minimum wage
    for the duration of their time spent on the
    business premises, while they are on duty or are
    present at a prescribed workplace. That said,
    there may be other circumstances in which minimum
    wage payments must be made to employees, such as
  • Waiting time
  • One example might be of a fireman who is paid
    while waiting for a call out

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  • On-call time
  • Sometimes employees are required to wait at site
    and be on call in case they are needed to perform
    a duty described in their job description.
  • Rest and meal breaks
  • Meal breaks are generally not covered by minimum
    wage, although they may be under circumstances
    such as the employee remaining at their desk or
    continuing to carry out work related duties while
    on their meal break.Rest periods of 20 minutes or
    less are covered.

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  • Sleep time
  • If your staff members are employed on a 24 hours
    roster, then this applies to them.
  • Lectures, meetings and training time
  • Provided the worker has permission to attend
    these venues for work related purposes, minimum
    wage applies.
  • Travel time
  • There are several categories of travel time that
    apply for employees, such as home to work, but
    its best to check the FLSA requirements

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  • to make sure that you pay your workers
    appropriately.
  • How important is it to understand minimum wage
    laws?
  • If you want your business to conform to minimum
    wage requirements, and avoid costly penalties or
    lawsuits from disgruntled employees, then its
    imperative that you do your best to get to grips
    with minimum wage laws. If you are struggling or
    are concerned that your business may not be
    conforming, then its best to engage the services
    of a professional company who can better advise
    you. There are many reputable companies offering
    such advice and guidance, and paying them could
    be a lot less costly than going it alone and
    getting it wrong.

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  • Try to keep clear and accurate records to help
    avoid penalties
  • As an employer, you are required by law to keep
    records as proof of the fact that your workers
    have been receiving at least the minimum wage.
    Some details that must be kept about each staff
    member, include the hours they have worked and
    the wage that they received.
  • Should you be requested to provide proof of this,
    it is your responsibility as the employer, to do
    so, and records must be kept for a minimum of
    three years from the pay period in question.

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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
    online payroll services, xemployee background
    check and employee timekeeping services in Miami.
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