Event Payroll Services: The Complete Guide for Productions and Live Events
Event payroll services made simple. Learn how to onboard crews fast, stay compliant across states, prevent fraud, and keep productions on budget.
The Department of Labor’s Fair Labor Standards Act (FSLA) will make about 4 million more workers eligible for overtime on December 1st, 2016. With 21 states suing to end the act altogether, some businesses may be hoping it all just goes away before they have to make changes. But waiting is risky. Getting ready for upcoming changes now ensures companies stay in good standing with employees and the government, too.
1. Provide a daily guarantee for a pre-negotiated flat rate for contractors. Budget for overtime if applicable.
2. Start tracking time accurately. Businesses and contractors using obligatory, inaccurate timecards need time to adjust to new processes.
3. Classify workers correctly upfront. This is a big one because it sets you up for success. In fact, you can read a whole slew of advice on the topic by clicking here.
4. Read our previous posts on what the Volkswagon scandal teaches us about the FSLA and payrolling and four ways to prepare for changes to contractor payroll.
The production industry must adapt to remain competitive. And it may wreak havoc on some budgets in the short term. But this whole thing goes beyond the numbers. Companies that treat people fairly attract high-quality workers. And when people feel valued, they go above and beyond. Proactive compliance is good business.
About PayReel
Producing multimedia content and executing live events is chaotic. At PayReel, we make sure our clients are able to hire who they want when they want and that everyone is paid properly. Leave the details up to the PayReel team so you can focus on pulling off a flawless production. Contact us anytime at 303-526-4900 or by emailing us here.
Relax. We got it.
Event payroll services made simple. Learn how to onboard crews fast, stay compliant across states, prevent fraud, and keep productions on budget.
Most big companies have multiple checks in place to prevent payroll fraud, but even the big dogs are not immune from nefarious practices seeking to compromise information or steal money. If you’d rather not have a jealous employee swindle your fruitcake factory or a payroll administrator use other people’s personally identifiable information for their own […]