Prevailing Wage
What are prevailing wage rates?
Prevailing wages are a combination of hourly prevailing wage rates plus an hourly fringe benefit rate. Together these two rates add up to the prevailing wage.
Where does the prevailing wage rate come from?
Prevailing wages come from wage determinations, which are determined through surveys and published by DOL for federal PW laws and though state-level DOL /DIRs. They are updated yearly or more frequently, depending on several factors.
Prevailing Wage Compliance
Prevailing wages were put into law with the Davis–Bacon Act of 1931 as a way to even out competition and level the playing field for workers. Failing to comply with prevailing wage laws for any reason, including simply making mistakes, can have serious consequences.
Our construction payroll software streamlines your certified payroll and HR compliance, in one easy to use, user friendly system!
Our system seamlessly tracks employee classifications, ensures accurate pay rates, and automatically updates for prevailing wage changes. Generate comprehensive reports with a click and enjoy a user-friendly system that scales with your business. Make the switch today and unlock the world of prevailing wage on autopilot!
Feature: Eliminate manual calculations and administrative errors with automated prevailing wage calculations that make sure you maximize all of your credits from day one.
Benefit: Simplifies setup processes, reduces errors, and saves time. No need to worry about manual updates to rates – eBacon handles predetermined increases, guaranteeing accuracy and reducing administrative burdens.
Feature: Employees select classifications when clocking in, enabling classification changes during work hours and automatic calculation of correct pay rates for multiple classifications and rates.
Benefit: Maintain accurate digital timesheets, prevent wage assignment errors, and enhance compliance with prevailing wage regulations.
Feature: Streamline calculations and generate comprehensive prevailing wage reports in required formats, such as WH-347, CA-131, WH-38 and many more with a single click.
Benefit: Simplify reporting processes, ensure compliance documentation is accurate and efficient, and save time and resources with instant access to a variety of certified payroll reports immediately after payroll processing.
Feature: Our intuitive system boasts a user-friendly interface with self-explanatory features, making certified payroll processing a breeze. No extensive training is required for your team to navigate the system effectively.
Benefit: Our system scales effortlessly to accommodate your growing business, regardless of project size or employee base fluctuations. This ensures a smooth payroll process even as your workforce expands.
Feature: Enjoy reliable, long-term retention of your documentation for as long as you’re a client. This ensures comprehensive historical records are always readily available for your reference.
Benefit: Maintain peace of mind with our secure system, while also retaining the flexibility to export your data. You can easily print out or save records to your own files for additional control and accessibility.
Feature: eBacon offers six different time tracking methods, catering to various operational needs. You can choose from:
- Desktop
- Mobile web
- Mobile app
- Texting
- Manager punches
- Time clock options
This variety ensures that time tracking fits seamlessly into your workflow.
Benefit: Benefit from real-time tracking and precise time records down to the second with our comprehensive options. This precision enables accurate job progress monitoring and facilitates detailed payroll processing, ensuring every minute is accounted for efficiently.
