Record Keeping for Exempt Employees
Special records of employers are required where exempt employees are concerned. 29 C.F.R. § 516.3. Almost identical records must be maintained for bona fide exempt executive, administrative, or professional employees.
In addition, the employer must keep records reflecting the basis on which exempt employees are paid. These records must be sufficiently detailed to allow the calculation for each pay period of the employee’s total compensation. 29 C.F.R. § 516.3.