One of an employer’s primary responsibilities is to ensure that their team has been compensated accurately and on time at the end of each pay period. But as a human, you know that mistakes can happen. Retroactive pay is how employers can rectify payroll errors, righting wrongs with their team and their financial records.
In this post, we’re taking a closer look at retroactive pay, how it works, its legal considerations, and more. Read on for an extensive overview of retroactive pay, or click on a link below to navigate to the subtopic that best answers your query.