Record Keeping Compliance

Record keeping is straightforward.

The Fair Labor Standards Act requires you to keep payroll records for the last three years and time records for the last two years. Keep in mind that other agencies (like the IRS) may have stricter requirements.

You must keep the basic information on hand for each employee and unless the employees are exempt from minimum wage and/or overtime you must keep daily and weekly hours records.

A summary of record keeping requirements can be found on this fact sheet and the actual regulations at 29 CFR 516.

The Labor Brain Inc. is not a law firm and its employees do not practice law or provide legal services.  The information provided on our website,  in email correspondence with representatives of The Labor Brain, and at outreach events is for informational and educational purposes only.  The information provided is not a substitute for the advice of an attorney.