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Podcast: World's Greatest Boss
Episode: 147. Navigating Wage and Hour Laws
Description: I'm tackling a crucial topic vital for all small business owners and bosses: wage and hour compliance. Neglecting these matters can lead to costly investigations and legal penalties. But don't worry, we'll explore the complexities of wage and hour laws, from minimum wage to overtime pay. These laws vary by state and locality but we'll discuss the Fair Labor Standards Act (FLSA), which outlines minimum wage, overtime pay, and more at the federal level. Now, onto common payroll mistakes. Small businesses often trip up with errors like rounding down work time or paying based on schedules instead...