CNN Money.com | Overtime Pay Time Bomb?
CNN Money.com | Fortune Small Business reports that the number of small businesses facing overtime pay law suits has exploded since 2004, when the U.S. Department of Labor revised the Fair Labor Standards Act (”FLSA”) to clarify which workers are exempt from overtime laws. In 2006 the department collected $172 million in back wages from employers - up 3.6 percent over its take in 2005.Last year the department (the “DOL”) announced judgments and settlements in the millions against small businesses, which often have more exposure because they lack in-house legal teams or HR departments, according to CNN.
If you were employed by a small business and you believe that your employer has not paid you all of the overtime pay, hourly wages, salary and other benefits that you believe your employer owes you, tell us your story!
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