What is Retro Pay – Court rulings and when do employers resort to retro pay
Original Content: Business Upside Being the owner of a company , it is your responsibility to ensure that every employee gets his correct due and on time. But dealing with payroll mistakes is not unheard of in organizations. Let us say, if you have underpaid one of your employees during the pay period, you must pay them the due in form of retro pay . Let us find out more about it in detail below. What is Retro Pay? The short form for retroactive pay is known as retro pay. If an employer was not paid his due correctly at any point of time in his previous pay period since the calculation was done incorrectly on his paycheck , the employer is entitled to get this retro payment. Retro pay meaning implies that you are paying the employee the difference between what he is suppose...