According to the US’ Department of Labor, for non-exempt employees under FLSA laws: “The overtime pay requirement cannot be met through the use of compensatory time off (comp time) except under special circumstances applicable only to state and local government employees.” Which workers are e...
Because the FLSA is so intricate, with technicalities and occasional updates, HR leaders must know enough to realize if or when to consult a comp law professional. Inform managers. Knowing the rules also enables HR leaders to educate managers on the compensatory time off regulations. The managers...
Compensatory time or “comp time” is when an employer will give their employee extra holiday time off in lieu of overtime pay. It’s not a very common practice because in most situations, it’s illegal. The federal and state laws around overtime pay vs comp time is important to understa...
Compensatory Time Off Extended DefinitionCompensatory time off, or CTO, is the paid time off given to an employee instead of overtime pay. Some employees of state or local government agencies may receive comp time off. The FLSA dictates that non-exempt employees must be paid for all hours ...
Workers’ compensation (“workers’ comp”) is a form of insurance that employers, in most states, are required by law to purchase. A workers’ comp policy covers costs resulting from employees’ work-related injuries and illnesses. Employees that collect workers’ compensation benefits may not su...
your leaders can create more impactful development plans when they know what is available forraises and bonuses. And, by giving you a way to easily show that your company’s pay practices are fair and unbiased, comp planning helps you maintain compliance with theFair Labor Standards Act (FL...
Once the employee referral program is in place, it is time to promote it. Send an email announcement, pin a notice to the noticeboard, or do whatever you need to do to get the word out. Explain how the program will work and the role the employee will play in recruiting. Highlight...
Compensatory time off If a company employs workers who are exempt from the FLSA, it may choose to compensate them with compensatory time off (also called comp time off). That means that, in case of overtime work being completed, the employer can award a team member extra paid time off in...
1: What is FLSA? The Fair Labor Standards Act (FLSA) specifies minimum wage, overtime pay, record-keeping, and youth employment standards for employees in the private sector and those employed by the federal, state, and municipal governments. ...
According to the FLSA, employers are only required to pay terminated employees’ wages through their last day of work, as well as for any time the employee had built up (i.e., unused vacation days). That being said, many companies do offer severance pay and/or packages. It’s important...