Thursday, February 7, 2013

Could your comp system survive a disaster? ? Business ...

When Hurricane Sandy roared up the East Coast in October, it brought immense destruction to heavily populated areas. The June 2012 derecho storm that tore from the Great Lakes through the Mid-Atlantic produced destructive winds.

Natural disasters can bring business to a standstill.

Even so, employers must still comply with the Fair Labor Standards Act?which sets the federal wage-and-hour rules for paying employees?regardless of how high the water rises.

It?s critical to maintain redundant systems to avoid losing payroll records and preserve the ability to issue paychecks. Many payroll companies offer cloud or off-site storage of wage-and-hour data, so even if your facility is damaged or destroyed, existing payroll information is preserved.

Consider similar safeguards for all financial data, especially tax-related information.

What if, despite back-up systems, a disaster makes it impossible for you to meet payroll? Contact the DOL?s Wage and Hour Division at (866) 4USWAGE (487-9243) for guidance.

You only have to pay nonexempt employees for hours actually worked. That means there?s no obligation to pay them for work that was scheduled, but did not occur because of the disaster.

Note: In the wake of Hurricane Sandy, the U.S. Department of Labor launched a web page containing wage-and-hour guidance for employers. Access it here.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/34454/could-your-comp-system-survive-a-disaster "

Source: http://www.businessmanagementdaily.com/34454/could-your-comp-system-survive-a-disaster

dickclark gavin degraw gavin degraw alec time 100 bob beckel anna paquin

No comments:

Post a Comment