Wage and hour audit

{
  "id": "MLC-T-INS-003497",
  "term": "Wage and hour audit",
  "field": "Insurance and risk management",
  "definition": "A systematic review of an employer's payroll practices, timekeeping records, and compensation policies to verify compliance with federal and state wage and hour laws. This process examines classifications of employees, overtime calculations, minimum wage adherence, and record-keeping requirements. The audit aims to identify potential violations and mitigate the risk of future claims or penalties.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/wage-and-hour-audit/"
}