and limits on child labor. The FLSA—which was passed in 1938 and has had numerous changes over the years—is one of the most important laws for employers and employees to understand, as it sets out a wide array of regulations for those employed, whether salaried employees or paid by the...
The deadline given for employers to make the changes is December 1, 2016. May 2016 The Obama administration announces changes that would give salaried employees making $47,476 or less a chance to earn overtime.FLSA FAQs What is the FLSA? The Fair Labor Standards Act (FLSA) is a minimum ...
This rate applies to salaried and hourly, as well as temporary workers, and some others. Failure to comply with these laws can result in monetary penalties and imprisonment depending on the gravity and willfulness of the violation. For this reason, employers should ensure that they understand ...
(FLSA)and supporting rules and regulations. That minimum wage number has not changed since 2009, and since the minimum wage is not tied to inflation, it only changes if Congress says it does. (The salary test that is applied to salaried employees includes a specific threshold monetary amount ...
Overtime calculations demand precise attention to detail. The base requirement mandates payment at 1.5 times the regular hourly rate for hours worked beyond 40 in a workweek. Primarily, for salaried employees misclassified as exempt, the process involves determining an hourly equivalent of their salary...
Also called the FLSA. Legislation in the United States, passed in 1938, that requiredemployersengaged in interstate commerce to provide a minimum level ofemployeebenefits. For example, the FLSA prohibitschild laborand established the first federal minimum wage. For purposes of this Act, "interstate...
Act (FLSA) applies to the majority of employers and employees. If you've never heard of the FLSA, it's the legislation that governs when an employer is required to pay an employee overtime, among other things. While some states may have their own overtime laws, the FLSA applies ...
The law provides requirements that employers must follow regarding payment of minimum wage, overtime pay for hours worked in excess of 40 per week, recordkeeping, and restrictions on employment of child labor. The FLSA classifies employees as either exempt or non-exempt workers. This exemption ...
Both Florida and federal laws require that employers pay hourly employees overtime if they work more than 40 hours in a week. Additionally, overtime for salaried employees may apply under certain conditions, depending on how their positions are classified and their specific duties. Employers ...
Many workers, including those who work for a salary, or those paid by commission can never claim overtime. Still, others are engaged in a profession or a field that is exempt from paying overtime to hourly workers. It is vital that employees understand the overtime laws that govern their ...