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The $18,000, 000.00 overtime

Posted by Barry Rubin on 6/6/2016 to Tips and Resources
The $18,000, 000.00 overtime
In one of the most sizable recoveries of overtime wages in history, Halliburton, a services provider to the energy, industry failed to maintain accurate time clock records for their employees and as a result has paid $18,293,557 in back pay to only 1,016 employees of their more than 70,000 employees.

Additionally, Halliburton categorized employees as exempt when they did not meet the exempt employee classification. The Fair Labor Standards Act requires that all non-exempt employees be paid at least time and one-half their regular rates, for hours worked beyond 40 in a work week.

Department of Labor Regional administrator Betty Campbell states that "Ignorance is never an excuse for violating the law.”

Halliburton is no stranger to legal settlements and has been party to a number of  controversies, including the April, 2010 Deepwater Horizon drilling rig explosion, for which it agreed to settle legal claims totaling over a  billion dollars.  That explosion killed 11 rig workers and created an oil spill that is considered the largest environmental disaster in U.S. history.

The DOL Wage and Hour Division has recently instituted an education initiative to help employers comply with the most common labor laws, including employee misclassification and the failure to maintain accurate records with the use of an electronic time clock system, automatic time clock, or similar device.

Originally drafted in 1932 the FLSA is due to be amended on December 1, 2016 when over 4 million workers eligible for overtime pay who were previously exempt making accurate time clock records the only option to  reduce your companies risk of non-compliance with the FLSA.