If this is your first time setting up a business in Florida, you may stumble with employee wages and salary. While some services handle all payroll tasks, it is a good idea for you to familiarize yourself with federal labor standards.
To get started, see which employee wage and salary grievances Chron notes. Understand how you can stay out of hot water with your employees regarding their pay.
All employees who have the same duties at the same level should receive the same pay. While you may know about the Equal Pay Act, you may not know that it applies to bonuses, overtime and stock options. Perform regular checks of current employee salaries to ensure you do not overlook a discrepancy. You want to notice (and fix) issues before your employees do.
With overtime, note which of your employees are exempt from receiving overtime. The Fair Labor Standards Act stipulates that qualifying workers who put in overtime must receive pay equal to one and a half times their normal wage for working over 40 hours in a single workweek. Employees who feel you owe them overtime pay could take their case to the labor department, human resources or a manager.
While you must withhold a percentage of your employees’ pay for wage garnishments, employee health insurance, Social Security and Medicare taxes and state and federal income taxes, be careful that you do not withhold more than you should. Any withholding that lowers an employee’s hourly pay below the most current minimum wage could violate fair labor standards.
Take great care that you give employees their full and legal wages and salary. A single misstep could lead to a complaint or a court action.