The Fair Labor Standards Act (FLSA) is a federal law that sets minimum wage, overtime pay, recordkeeping, and child labor standards. Time cards help businesses comply with the following FLSA requirements:
FLSA minimum wage: Employers must pay employees at least the federal minimum wage, which is currently $7.25 per hour. Time cards can help businesses track employee hours worked and ensure that employees are paid at least the minimum wage.
FLSA overtime: Employees who work more than 40 hours in a workweek are entitled to overtime pay, which is currently time and a half their regular hourly rate. Time cards can help businesses track employee hours worked and ensure that employees are paid overtime pay when they are entitled to it.
FLSA recordkeeping: Employers must keep accurate records of employee hours worked, overtime pay, and other relevant information. Time cards can help businesses comply with these recordkeeping requirements.
In addition to helping businesses stay compliant with the FLSA, time cards can also help businesses track employee productivity and make better decisions about scheduling and staffing.