Any employer operating under the Fair Labor Standards Act is required to keep certain records for a specified period of time for covered, non-exempt employees. When a company fails to report or maintain sufficient records of an employee's wages, an employer could have criminal penalties and civil actions brought against them. Employee payroll information that contains important documents about each employee in your company should be kept for at least 3 years, as required by the United States Department of Labor. Some examples of the records to keep may include information regarding:
The way your company organizes its records, will greatly affect the potential for your business to thrive. Miller Law Firm, P.C., in Schaumburg, Illinois, strives to keep employers operating a successful business, by providing knowledgeable legal guidance.
As a former finance executive with valuable insight into how companies operate, attorney Richard J. Miller has worked with the Illinois Department of Labor Worker's Compensation division on a variety of legal issues and can address the record keeping concerns businesses may have.
Contact the Miller Law Firm, P.C. in Schaumburg, Illinois, to schedule a free initial consultation, if you feel or suspect your company has failed to comply with good record keeping practices. You could be facing minimum wage violations and federal and state law violations, which you are responsible for upholding. Call (847) 995-1205 to speak with attorney Richard J. Miller today.