No mysteries here! This episode of Barclay Damon Live: Labor & Employment Podcast discusses the topic of tipping, specifically focusing on the tip credit in New York State. In a quick solo episode, Lee Jacobs explains what a tip credit is and how it affects the minimum wage for tipped employees. He also discusses the requirements for taking the tip credit, including giving notice to employees and properly documenting tip distributions. Employers and others in the hospitality industry, listen in for valuable information, and stay tuned for more.

Want more hot labor and employment updates? Join us for Barclay Damon’s inaugural New York Labor & Employment Law Conference on October 16, 2024, from 8:00 a.m. to 4:00 p.m., at the Turning Stone Resort Casino in Verona, New York, for developments and trends in employment law, featuring Barclay Damon attorneys and our keynote speaker, Maureen Kielt, regional director of the EEOC.

Register here: https://communications.barclaydamon.c...

_____________________________________________________________________
Chapters
00:00 Introduction: Tips From the Tip Jar
05:19 Calculating Overtime for Tipped Employees
07:45 Who Is Eligible for the Tip Credit?
11:15 Pay Stub Requirements
13:41 When an Employee Loses Tip Credit Eligibility
16:09 The 80/20 Rule for Tip Credit Eligibility
20:13 Administering the Tip Pool Correctly
25:30 Supervisors and Managers in the Tip Pool
30:52 Proper Documentation and Record-Keeping
33:04 Wrap-Up and Final Thoughts