Fair Labor Standards Act. The Fair Labor Standards Act specifies that a number
of records be maintained pertaining to compensation paid to employees, including
the following:
- A. Necessary payroll records which reflect critical employee compensation information,
including name, address, rate of compensation, etc., as well as any collective bargaining
contracts, payroll materials or other certificates necessary for compliance with
regulations promulgated by the wage hour administrator. Records retained for three
years.
B. In addition to the necessary basic employment and earnings records, supplementary
records, including wage rate tables, work time schedules, billing records and any
other documents reflecting moneys paid or deducted. Records retained for two years.
C. Child labor age certificates. Records retained until termination plus three
years.
D. Training agreements. Records retained for the period of training made available
by the employer.