The Department of Labor's (DOL)'s new Smartphone app, a timesheet that enables employees to track their hours and determine the wages they may be owed, makes it more important than ever for employers to ensure that they have accurate and effective record-keeping procedures and that exempt employees are appropriately classified.

The app, includes overtime pay calculations at a rate of one and one-half the employee's regular rate of pay but does not handle items such as tips, commissions, bonuses, deductions, holiday pay, pay for weekends, shift differentials, or pay for regular days of rest.