Every employer knows that the Fair Labor Standards Act requires that nonexempt employees be paid the federal minimum wage for all time worked and that they receive overtime pay for all hours worked in excess of 40 hours per week. Employers are also keenly aware of the need to maintain time records that document the employee’s hours. If employees are not paid for all time worked, significant monetary liability can result. Some employers have adopted
The answer to this question will largely depend on the size of your business. The Patient Protection and Affordable Care Act of 2010, commonly referred to as Obamacare, goes into full effect in 2014; however, employers are already struggling to comply with its many mandates, some of which are already in effect. Starting in 2014, every individual with annual income over $9,500 for whom health insurance is considered affordable based on family income must be