What type of records must employers keep in regards to wage and hour laws?

In Colorado, employers must keep accurate, updated records of all employees and their wages and hours. The records must include the employee’s name, address, and Social Security number, as well as the rate of pay and hours of work. The records must also include the date of payment, the gross and net wages paid, and the deductions taken from the employee’s wages. In addition to these basic records, employers must also keep documentation of payroll taxes, overtime rates, voluntary deductions, vacation time, tips, and commissions, and the amount of time off taken for holidays, sick days, or other absences. All of this information must be kept for a period of three years. Employers must also keep records of all hours worked to keep track of when employees worked overtime. This includes the number of hours worked, the dates the hours were worked, and any remarks that were made on the record. Employers must also keep records of any changes in wage rates. Finally, it is important for employers to keep records of any agreements between the employer and the employee regarding wage and hour issues. This would include agreements on overtime rates, vacation time, holidays, and other related issues. These records must be kept in accordance with the Colorado wage and hour laws.

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What type of records must employers keep in regards to wage and hour laws?

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