How The Wage Theft Protection Act Could Impact Your Business
With the Wage Theft Protection Act, businesses in the construction industry are now responsible of ensuring all employees, including those hired by subcontractor, are being paid correctly. Listen in as Gene Marks talks with Phil Ross and Brian Sanvidge from the accounting advisory firm; Anchin, Block & Anchin LLP about the Wage Theft Protection Act, your responsibilities under this legislation, and how to protect yourself and your business.
Topics include:
00:20 — Meet Phil Ross and Brian Sanvidge
02:54 — What is the Wage Theft Protection Act?
05:30 — Paying your employees the right rate — what does that mean
07:44 — Who does the Wage Theft Protection Act apply to?
11:02 — Why a lower cost subcontractor isn’t always better
14:30 — What industries does this impact?
17:32 — What steps can you take?
20:00 — What to do if you find a problem with a subcontractor
22:03 — The importance of reference checking
