Fair Labor Standards Act.

Friday, October 24, 2008
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.
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