March 6, 2018
Washington, DC (March 6, 2018) – Job Creators Network today applauded the Department of Labor’s new Payroll Audit Independent Determination (PAID) program, aimed at giving small business owners a chance to report wage violations and correct the mistake without having to suffer a full-blown, costly investigation.
“This is a much fairer and more sensible approach to regulation,” said JCN CEO Alfredo Ortiz. “The previous administration shot first and asked questions later. The Trump administration is primarily concerned with making sure businesses are compliant.”
The DOL announced the pilot program today, under which employers who discover that they are in violation of minimum wage or overtime rules can report themselves, agree to an audit and then pay workers what they are owed. Currently, employers who notify the DOL of violations are subject to a full investigation and potential litigation, for which they must often hire legal counsel.
“The point of these wage and hour rules is to ensure that workers are treated fairly. Employers who discover that they’ve made a mistake should not be punished for doing the right thing,” said Ortiz.