Learn what to know about the Fair Labor Standards Act (FLSA). Discover how it impacts your business and what can happen if you don't comply.
TheFair Labor Standards Act (FLSA)is a federal law that establishes, among other provisions, when and how employers must pay their employees for overtime. As the rules stand today, any employee who is not considered exempt under the law must be paid overtime at a rate of 1.5 times their...
The article discusses the outside sales exemption under the Fair Labor Standards Act (FLSA) and how it applies to white-collar workers in the U.S. The exemption is under scrutiny due to lawsuits filed by sales representatives against drug companies. The lawsuits pointed out that the industry ...
All workers covered by the Fair Labor Standards Act must be paid at least the federal minimum wage and may earn more if the state minimum wage is higher. According to the Department of Labor, workers not covered by the FLSA, who may earn less than minimum wage, include: ...
In the U.S., the Fair Labor Standards Act (FLSA) is the federal law governing overtime pay. Under the FLSA, non-exempt employees must receive overtime pay of at least 1.5 times their regular pay rate for hours worked beyond 40 in a workweek. The act also establishes criteria for determ...
What is underwriting? What is market power? What is the law of comparative advantage? What is the "open market"? What are three things that are defined by the Fair Labor Standards Act (FLSA)? What is profit regulation? What is the Smithsonian Agreement?
TheFair Labor Standards Act (FLSA)defines the difference between exempt and non-exempt employees.It is thecharacter and content of the work, not the job title, that ultimately determines whether an employer classifies an employee as exempt or non-exempt. ...
The minimum wage was enacted in the United States in 1938 as part of theFair Labor Standards Act(FLSA). The first minimum wage was 25 cents an hour. The current U.S. minimum wage is $7.25 per hour. However, some states and cities have set minimum wage rates that are higher than the...
Compensation is governed by many local, state, and federal tax and employment laws. You need to abide by federalminimum wagelaws, which are governed by the Fair Labor Standards Act (FLSA). Many states and some cities also have their own minimum wage.You must pay all employees at least the...
The term exempt employee refers to a category of employees set out in theFair Labor Standards Act (FLSA). Exempt employees do not receive overtime pay and do not qualify forminimum wage. This is based on the type of work they perform. When an employee is exempt, it primarily means that ...