Immediate Changes in Overtime Laws Are Here. Are You Prepared?

in Employment, General Business, Uncategorized

The Fair Labor Standards Act (or FLSA) guarantees a minimum wage for all hours worked during the workweek and overtime premium pay of not less than 1.5 times the employee’s regular rate of pay for those hours worked in excess of 40 in a single workweek. Unlike most other federal employment laws, the FLSA provides protections for individual employees throughout the U.S. rather than imposing blanket restrictions on all employers. It is estimated that the Act currently covers over 130 million US workers today, meaning that the vast majority of Texas employers are required to comply with the FLSA. However, even...

29 September

0 Comments

Sticky

Crash Course on the Fair Labor Standards Act

Posted by Patrick Larkin

in Employment, General Business

In 1938, the Fair Labor Standards Act (FLSA) was implemented to battle the Great Depression. The FLSA set the U.S. standard forty-hour work-week, created a national minimum wage, and universalized the concept of overtime. It’s widely considered one of the defining laws of President Roosevelt’s New Deal. Today, the FLSA still applies to most private and public employment, and requires employers to pay covered employees who are not otherwise exempt, at least the federal minimum wage and overtime pay. Recently, the FLSA has gained heightened media attention due to the U.S. Department of Labor’s announcement of changes to some of the...

Employment

Immediate Changes in Overtime Laws Are Here. Are You Prepared?

Crash Course on the Fair Labor Standards Act

Disclaimer