Punch clock The old-fashionedtime clock system that requires punching in and out with a papercard is by no means high tech, but it is affordable and stillavailable today. (Photo: Shutterstock)

Under the federal Fair Labor Standards Act (FLSA), all employerswith sales of $500,000 a year or more are required to keep recordsof the time all their employees work. Failure to do so can resultin significant penalties. Regulations aside, accurately tracking worker time and attendance isobviously in the best interests of your business.

However, tracking and recording employee time can be more of achallenge than you might expect, with overtime rules, labor laws related to clockingin and out, and all the different time tracking options availabletoday. Here we have compiled some tips to help you simplify theprocess of tracking your employees' time.

Overtime rules

When overtime is not carefully managed, it can increase yourlabor costs significantly. Under federal law, all hourly employeeswho work more than 40 hours per week are entitled to one and a halftimes their regular pay rate for the overtime hours they work.

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