Gilroy, Kernan & Gilroy, Inc. Presentation: U.S. Department of Labor’s Payroll Audit Independent Determination Program
Thursday, August 9, 2018
12:00 pm - 2:00 pm
Gilroy, Kernan & Gilroy, Inc.
210 Clinton Road
New Hartford, New York 13413
The Wage and Hour Division (“WHD”) of the United States Department of Labor has established a new nationwide pilot program called PAID. The PAID program facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (“FLSA”). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with overtime and minimum wage obligations, and to ensure that more employees receive the back wages they are owed—faster. Under the PAID program, employers are encouraged to conduct audits and, if they discover overtime or minimum wage violations, to self-report those violations. Employers may then work in good faith with WHD to correct their mistakes and to quickly provide 100% of the back wages due to their affected employees.
The seminar will cover:
- What is the PAID program?
- How does the PAID program work?
- What does it mean to participate in the PAID Program?
- PAID Program Eligibility Requirements
- Review of General FLSA requirements
- How to conduct a self-audit?
- How to handle potential payments?
- Paid Resources
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- The 2019-2020 NYS Budget Requires Financial Reporting for Electric Generators
- US Department of Labor Proposes Rule to Update and Clarify “Regular Rate” Requirements
- Unexecuted Indemnification Agreement Not Retroactive Once Executed