Every employer subject to any provision of this chapter or of any regulation or order issued under this chapter shall make, and keep for a period of not less than three years, in or about the premises wherein any employee is employed, a record of the name, address, and occupation of each of his employees, the rate of pay, and the amount paid each pay period to each such employee, the hours worked each day and each week by such employee, and such other information as the Commissioner shall prescribe by regulation as necessary or appropriate for the enforcement of the provisions of this chapter or of the regulations or orders hereunder. Such records shall be open for inspection or transcription by the Commissioner at any reasonable time. Every such employer shall furnish to the Commissioner on demand a certified transcript of the required information from the records kept pursuant to the provisions of this chapter. The records of each employer referred to in this section shall be inspected by an authorized employee of the Department of Labor at least quarterly for the purpose of determining whether or not the provisions of the law are being complied with.