![]() since it falls in the 8–14-minute bracket. you can also log their start time as 8:00 a.m. you must log their start time as 8:00 a.m., since it’s only five minutes into the next quarter hour. The Fair Labor Standards Act (FLSA) permits employers to round time worked up or down in 15-minute increments, but there are very specific guidelines you must follow.īetween one and seven minutes should be rounded down, and between eight and 14 minutes should be rounded up.įor example, if an employee clocks in at 8:05 a.m. To understand this, we need to look at the rules related to time rounding. They’re also important to your bottom line – especially if you’re a small business. Minutes aren’t just important to employees, though. ![]() Productivity will drop, and you’ll find it difficult to retain talented workers. Whilst it’s true that salaried employees often work beyond their contracted hours without additional pay, they are typically in receipt of an employee benefits package – and the value of these work perks is usually justification for the extra commitment.īy contrast, hourly staff are rarely awarded these benefits, so they deserve financial compensation for all time worked, down to the last minute.įailure to give fair compensation will impact their morale. Paying your staff fairly is essential for employee satisfaction, particularly when they work on an hourly basis. Why Should You Calculate Hours and Minutes Worked? In this article, you'll learn, specifically, how to calculate hours and minutes worked, and what that equates to in pay, without rounding. If you have hourly employees on the payroll (or contract employees, as they are also known), you’ll need a system in place that ensures fair and accurate payment for all time given to your organization.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |