The federal government enforces the Davis-Bacon and related acts, which require the payment of prevailing wage rates and fringe benefits on federally-financed or assisted construction, and the Service Contract Act, which requires the payment of prevailing wage rates and fringe benefits on contracts to provide services to the federal government. The prevailing wage rate is defined as the hourly basic rate of pay plus the employer‘s contribution for health and welfare, vacation, pension, and other economic benefits paid to the largest number of workers engaged in the same class of labor in the area. Area is defined as the county or other locality from which labor for any project normally is secured. Current prevailing wage rates are available on the website of the Minnesota Department of Labor and Industry at Prevailing-Wage Information.
RECORDKEEPING REQUIREMENTS
Federal Recordkeeping Requirements Federal employer recordkeeping requirements are specified by regulation of the U.S. Department of Labor. Most of the information is of the kind generally maintained by employers in ordinary business practice and in compliance with other laws and regulations. The records do not have to be kept in any particular form and time clocks need not be used. The following records must be kept on all employees subject to the minimum wage and overtime provisions of the federal act. The following is a listing of the basic records that an employer must maintain. • Employee’s full name and Social Security number. • Address, including zip code. • Birth date, if younger than 19. • Sex and occupation. • Time and day of week when employee’s workweek begins. • Hours worked each day. • Total hours worked each workweek. • Basis on which employee’s wages are paid (e.g., “$6 an hour”, “$220 a week”, “piecework”). • Regular hourly pay rate.
• Total daily or weekly straight-time earnings. • Total overtime earnings for the workweek. • All additions to or deductions from the employee’s wages. • Total wages paid each pay period; • Date of payment and the pay period covered by the payment.
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