Rapidly changing employment regulations in today’s aggressive enforcement of employment laws, and add to that the increased activity by the Department of Labor, puts your business at risk. The number of wage and hour claims and lawsuits that workers have filed under the Fair Labor Standards Act (FLSA) and its state law counterparts have made wage and hour laws the nation’s fastest growing legal battlefront between workers and their employers. Between aggressive Plaintiffs’ Attorneys and the Department of Labor, the employer’s employment practices are under attack. Wage and Hour violations account for over 1 billion in claims. The DOL estimates that 80% of employers have misclassified employees. This means that your profits are at risk to wage and hour claims. Each year the rules for employment law change and employers must comply.
What can an employer do? AUDIT their employment practices! By having a third party audit your practices you can identify your risk and develop solutions that protect your company and profits!
An HR audit involves an objective look at the company’s HR policies, practices, and procedures. The audit will identify the risks, provide decision-makers with the information necessary to decide what areas need improvement, and create strategies to protect and reduce the company’s employment practice risk.
HR audits are a best practice for managing your employment risk.
- Can you afford to add back pay and interest and penalties to your employment cost?
- When was the last time you had a Human Resource Audit?
- Are your employees correctly classified as exempt or Non-Exempt?
Contact RTR Consulting to have your pay practices audited!