Tip Credit Toolkit
In the hospitality industry, the process of splitting tips — also known as tip pooling, tip sharing or tipping out — helps to ensure everyone who contributes to a customer’s experience can reap the rewards of a job well done. So, if you have tipped employees or a tip pool, are you relying on the tip credit? If you are, have you provided your employees with adequate notice as defined by the U.S. Department of Labor (DOL)? The Fair Labor Standards Act (FLSA) requires you to notify your employees regarding their rate of pay and the details of their tip pool, if they are required to participate in one.
To help you comply, fpSOLUTIONS' model Tip Credit Toolkit meets these requirements and is customizable, depending on whether you have a tip pool or not. It’s another reason why clients choose fpSolutions to ensure their organization is remaining compliant with all the latest tip credit and tip pooling requirements.
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