What are the 3 main components of the Fair Labor Standards Act?
What are the 3 main components of the Fair Labor Standards Act?
The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments.
What is the purpose of the Fair labor Standard Act?
The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments.
What was the Fair Labor Standards Act of 1938 quizlet?
1938 law that set a minimum wage, overtime pay, equal pay, record keeping, child labor rules. workers in interstate commerce or producing goods from interstate commerce.
Who does the Fair Labor Standards Act help?
Who is affected by the Fair Labor Standards Act? All employees that hold positions determined to be covered under the mandatory overtime provisions of the FLSA are covered. Overtime-eligible employees must be compensated with overtime pay or compensatory time for all hours worked over 40 in a single workweek.
What is the 8 44 rule?
There’s the 8/44 rule that states any extra hours worked over 8 hours a day or 44 hours a week (whichever is greater) is considered to be overtime. So, if you work 9 hours for 3 days and regular 8 hours for the rest 2 days, you’re not entitled to receive overtime payment.
What rights did the Equal Pay Act provide?
The Equal Pay Act (EPA) protects both men and women. All forms of compensation are covered, including salary, overtime pay, bonuses, life insurance, vacation and holiday pay, cleaning or gasoline allowances, hotel accommodations, reimbursement for travel expenses, and benefits.
What did the Fair Labor Standards Act provide for quizlet?
The Fair Labor Standards Act (FLSA) is a federal employment law that defines employer obligations relating to employee wages, hours, overtime, and child labor. In general, non-exempt employees earning less than $455 per week, which is $23,660 per year, are guaranteed overtime pay.
What are the labor standards?
Labor Standards refers to the standard conventions with respect to the workers, in matters of basic worker rights, working conditions, wages to be paid & also related to job security. Basically it is done in order to improve labor employment on a global scale.
What did the Fair Labor Standards Act of 1938 do?
The FLSA provides guidelines on employment status, child labor, minimum wage, overtime pay, and record-keeping requirements. It establishes wage and time requirements when minors can work. It sets the minimum wage that must be paid, and mandates when overtime must be paid.
What is the purpose of the Fair Labor Standards Act quizlet?
The Fair Labor Standards Act (FLSA) is a federal employment law that defines employer obligations relating to employee wages, hours, overtime, and child labor. The FLSA applies only to employers whose annual sales total $500,000 or more or who are engaged in interstate commerce. the law covers nearly all workplaces.
Does the Fair Labor Standards Act apply to salaried employees?
The Fair Labor Standards Act is the federal law that governs the payment of employees including salaried workers. Although most salaried employees are exempt from minimum wage and overtime pay under the FLSA, not all are exempt.
How overtime pay is calculated?
HOW MUCH IS THE OT PAY OF AN EMPLOYEE? Plus 25% of the hourly rate for work performed in excess of 8 hours on ordinary day. Plus 30% of the hourly rate for work performed in excess of 8 hours on rest day, special day or regular holiday.
What is the Fair Labor Standards Act (FLSA)?
Fair Labor Standards Act defines that 40 hour workweek, establishes the federal minimum wage, sets requirements for overtime, and places restrictions on child labor Coverage under FLSA
What did the Equal Pay Act of 1963 do?
The Equal Pay Act of 1963 prohibits differences in rate of pay based on gender Fair Labor Standards Amendment of 1966 prohibits the discrimination of employees on the basis of their age Fair Labor Standards Act defines that 40 hour workweek, establishes the federal minimum wage, sets requirements for overtime, and places restrictions on child labor
What is the minimum amount of sales to qualify for FLSA?
Coverage under FLSA -only to employers whose annual sales total $500,000 or more or who are engaged in interstate commerce -few employers, including smaller firms that use relatively little outside pair labor are explicitly exempt from FLSA
Who is exempt from FLSA laws?
-few employers, including smaller firms that use relatively little outside pair labor are explicitly exempt from FLSA -some employees are exempt from FLSA laws, such as pay for overtime and minimum wages, even though their employees are covered Minimum Wage 2009—-> $7.25 tipped —>$2.13 Overtime
