Is Your Business on the DOL’s Naughty List?
Posted by Ed Rizzo on Thu, Dec 22, 2011 @ 01:39 PM
The U.S. Department of Labor's Wage and Hour Division (WHD) declared a record year in 2011. The Society for Human Resource Management (SHRM) reported that in a recent congressional hearing, the Wage and Hour Division hired an additional 300 investigators in 2010 to help them recover an estimated $225M in back wages and penalties for fiscal year 2011 - a record total.
The overall mission of the Wage and Hour Division is to ensure compliance with federal labor laws and to protect employees from unscrupulous employment practices. While this mission is to be commended - the rules and regulations surrounding it are sometimes unclear and confusing. In this context, it is unfortunately all too easy for even the most diligent of companies to run afoul of the rules – exposing organizations to severe penalties, costly litigation and unwanted negative publicity.
In a business environment characterized by increasingly complex labor laws coupled with more aggressive enforcement - effective compliance has never been more vital to your organization's reputation and bottom line. Workforce management provides a set of business processes and technology solutions that can help your organization more effectively mitigate these risks and keep you focused on your business.
Edward M. Rizzo, Jr. - Chief Executive Officer
Edward Rizzo has over 15 years of experience within the systems integration and strategic consulting industries. Prior to TimeLink, Mr. Rizzo worked as a consultant with Andersen Consulting (currently known as Accenture) and Computer Science Corporation in both the information systems integration and strategic development groups. He has worked with clients across a variety of industries including: Financial Services, Energy & Utilities, Media & Entertainment and Retail. Mr. Rizzo has a BA in Economics from Davidson College and an MBA from Columbia Business School.