The prevailing wage is established by a regulatory agency and refers to the hourly wage paid to a certain employee. This wage might also include the usual benefits and hours spent working overtime. The prevailing wage rate tracking system is included in our TRAXTimeCard service and assists you in calculating the time worked on different projects by your employees.
Prevailing wage usually includes wages, benefits, and similar monetary compensations such as industry promotions or apprenticeships. It is paid to employees for labor performed in a certain company for a particular number of hours. 32 states in America currently feature prevailing wage laws which must be adhered to. These regulations differ from one state to another.
Tracking the prevailing wage rate using our sophisticated system saves time and human labor. Here are several other benefits of using our service:
We are a team of specialists who understand the difficulties associated with prevailing wage rate tracking. We strive to provide you with a comprehensive and efficient business tool that will streamline the tracking process and eliminate human errors. Our system is fully customizable and scalable to the size of your business.
For more information on our prevailing wage rate tracking system, give us a call today at 866-872-9123 to find out more about our sophisticated tracking software.