Table of Contents
What is FLSA and its purpose?
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. Many states also have minimum wage laws.
What is the purpose of FLSA 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.
Why is FLSA necessary?
Congress enacted the FLSA to eliminate “labor standards detrimental to the maintenance of the minimum standard of living necessary for health, efficiency, and general well-being of workers,” and to prevent these substandard labor conditions from being used as an “unfair method of competition” against reputable …
What purpose does the FLSA serve American workers?
regulate commerce . . . among the several states.” FLSA was a comprehensive federal scheme which provided for minimum wages, overtime pay, record keeping requirements, and child labor regulations. The purpose of the minimum wage was to stabilize the post-depression economy and protect the workers in the labor force.
Who falls under FLSA?
Generally, the FLSA applies to employees of enterprises that have an annual gross volume of sales made or business done totaling $500,000 or more, and to employees individually covered by the law because they are engaged in interstate commerce or in the production of goods for commerce.
What is FLSA on my paycheck?
If you worked more than 40 hours a week, your pay stub will show you how many “FLSA” hours you worked. FLSA stands for Fair Labor Standards Act, a federal law that establishes re- quirements for items like overtime pay. It doesn’t indicate additional hours you worked.
What role does FLSA play in minors?
Child labor laws protect minors who are under 18 years old. This part of the FLSA ensures that businesses cannot jeopardize a minor’s health, education, or general well-being. Under child labor laws, you cannot employ a minor to work hazardous jobs.
Is FLSA only for minors?
The Fair Labor Standards Act (FLSA) sets wage, hours worked, and safety requirements for minors (individuals under age 18) working in jobs covered by the statute. As a general rule, the FLSA sets 14 years old as the minimum age for employment, and limits the number of hours worked by minors under the age of 16.
What employers does the FLSA apply to?
Employers Who Are Covered The FLSA applies only to employers whose annual sales total $500,000 or more or who are engaged in interstate commerce. You might think that this would restrict the FLSA to covering only employees in large companies, but, in reality, the law covers nearly all workplaces.
What are FLSA requirements?
The FLSA requires that most employees in the United States be paid at least the federal minimum wage for all hours worked and overtime pay at not less than time and one-half the regular rate of pay for all hours worked over 40 hours in a workweek.
What is FLSA employee?
The Fair Labor Standards Act (FLSA) is a federal law which establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.
What does fsla stand for?
The Florida Surplus Lines Association (FSLA) is an association with a current regular membership of Excess and Surplus Lines Agency member firms and associate members (made up of excess and surplus lines insurance companies, re-insurers, Lloyd’s brokers, premium finance companies, surveyors and claim adjustment companies).
What is the Fair Labor Standards Act-FLSA?
The Fair Labor Standards Act (FLSA) is a U.S. law that is intended to protect workers against certain unfair pay practices . As such, the FLSA sets out various labor regulations regarding interstate…
What are federal Labor Standards?
The Federal Fair Labor Standard Act ( FLSA) is a law that was enacted to set minimum wage, minimum age, and overtime requirements for both employees and employers. The FLSA also determines the 40-hour workweek and the types of behaviors that are considered to be “working.”. It was passed in 1938…
What is Fair Wage Act?
The Fair Minimum Wage Act of 2007 is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour.