TimeFlow , you can avoid overpaying or underpaying in the short term or long
term even if Federal Guidelines allow it. Why do we say this? Because employees
always seem to complain when they are underpaid, but usually do not complain
when they are overpaid.
federal guidelines are stringent on fairness, they allow a certain flexibility
on timesheet calculations that makes it easier for individuals who still use
paper or manual methods to calculate their payroll. In short, this leads
to a small over payment or underpayment in individual pay periods.
Federal guidelines allow up to 15 minute interval rounding. For example,
an 8:07 AM entry can be rounded down to 8:00 AM or an 8:08am entry can be
rounded up to 8:15am. Now the catch here is that you cannot round to the
employer's favor by rounding down but not rounding up when the employee
benefits. You must be neutral and consistent in your calculations across all
pay periods. This results in an averaging out of entries that converges
to breaking even for both the employee and the employer. It must be clear
that although flexible, the policy must be enforced neutrally for the duration
of the employee's pay periods.
part that TimeFlow helps with is the concept of consistently rounding without
errors. Manual calculations can introduce consistent errors which is
nearly impossible when using a highly accurate and time tested application such
as TimeFlow. Calculating hours manually can open up a can of worms and needs
regular auditing to ensure compliance.
calculations and reports of timesheet hours far exceed Federal Department Of
Labor Guidelines, and have been tested over many years, never being proven
inaccurate by any of our thousands of customers.
understand federal guideline see this helpful article written by DWT.com: