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Knowledge Survey Highlights Importance of NETtime's SaaS Solution

By Mini Swamy
TMCnet Contributor

NETtime, a pioneer of SaaS (News - Alert) time and attendance, conducted an overtime knowledge survey and released its findings. The aim was to educate business leaders about how automation of time and attendance could help business minimize labor law compliance risk and also reduce the risk of Fair Labor Standards Act (FLSA) violations.

The survey, which is part of an ongoing effort to increase awareness of key compliance issues among business leaders and encourage them to use NETtime's SaaS time and attendance solution was conducted through its social media pages, Facebook (News - Alert) and Twitter.

People from all backgrounds and demographic groups were given four multiple choice answers and asked to identify correctly when an employee was entitled to overtime under the FLSA

Surprisingly, NETtime found that only 48 percent of survey participants knew that overtime pay was supposed to be calculated for hours worked over 40 in a workweek. The rest chose varying wrong options.

This trend was rather disturbing considering the fact that according to Pew (News - Alert) Internet Project.

Approximately 24 percent employees worked overtime in the United States.

From the employees point of view it was imperative that they be aware of their actual entitlement so that they were not cheated and from the employer's perspective it was essential that they comply with the FLSA overtime law and pay correct wages or open themselves for potential fines and back wages for FLSA violations.

NETtime believed that manual tracking time and attendance increased the risk of noncompliance with labor laws and the danger of expensive settlements. By using its SaaS time and attendance solution, the risk could be minimized and employees and employers could focus on strategic initiatives and improve morale and productivity.

In related news, NETtime’s seniority scheduling quickly identifies and assigns qualified employees to help refine workforce management when fulfilling scheduled and unscheduled needs.