While the FLSA does set basic minimum wage and overtime pay standards and regulates the employment of minors, there are a number of employment practices which the FLSA does not regulate. For example, the FLSA does not require: vacation, holiday, severance, or sick pay; ... pay raises or fringe benefits; or.
Which of the following does the Fair Labor Standards Act require?
The FLSA provides guidelines on employment status, child labor, minimum wage, overtime pay, and record-keeping requirements . ... Employees covered by the Fair Labor Standards Act must be paid at least one and one half times their regular rate for all hours worked in excess of 40 in a week (seven consecutive days).
What did the Fair Labor Standards Act do and not do?
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.
Which of the following would not be an exempt employee under the Fair Labor Standards Act?
FLSA-covered, non-management employees in production, maintenance, construction and similar occupations such as carpenters, electricians, mechanics, plumbers, iron workers, craftsmen, operating engineers, longshoremen, construction workers and laborers are entitled to minimum wage and overtime premium pay under the ...
What is the 8 44 rule?
According to Alberta’s Employer Standards Code (ESC), overtime is defined as all hours worked over 8 hours a day or 44 hours a week, whichever is greater . This is known as the 8/44 rule. Overtime hours and overtime pay are two of the top concerns for employers and employees in Alberta.
Can you describe Fair labor Standards?
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.
Who does the Fair Labor Standards Act protect?
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 is the purpose of the Fair Labor Standards 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.
Which countries do not have the Fair Labor Standards Act?
Since each industry may require vastly different things from its employees, it makes sense the minimum wage varies from business to business. Five developed nations without legal minimum wage requirements are Sweden, Denmark, Iceland, Norway, and Switzerland .
What is the most important standard for determining pay?
What is a market rate ? Pay what most employers pay for same job, the most important standard for determining pay. What do compensation policies do? Provides general guidelines for making compensation decisions.
What are the 8 categories of exempt employees?
Requirements differ from state to state, but the FLSA (Fair Labor Standards Act) classifies exempt employees as anyone doing jobs that fall into these categories: professional, administrative, executive, outside sales, STEM (Science, Technology, Engineering, and Math)-related, and computer-related .
Is it better to be exempt or non exempt?
Usually, exempt employees earn more than non-exempt employees do , though not necessarily more per hour. ... Non-exempt employees usually only work a set number of hours, but with overtime, can do well. Exempt employees have less protection by Federal law against employer abuse.
What is a 44 hour work week?
Like most provinces, Alberta’s overtime pay rate is 11⁄2 times an employee’s regular pay rate. Employees in Alberta qualify for overtime pay after working more than eight hours in a day or more than 44 hours in a week (whichever is greater). This is sometimes known as the 8/44 rule.
Is 44 hours a week overtime?
Most employees are entitled to overtime pay. There are some exemptions for certain industries and professions. Overtime is all hours worked over 8 hours a day or 44 hours a week, whichever is greater (8/44 rule).
How often does an employer have to pay an employee?
Most awards, enterprise agreements or registered agreements will set out when employees must be paid ( weekly, fortnightly or monthly ). If it doesn’t, employees must be paid at least monthly. Employees need to be paid money for their work – they cannot be ‘paid in-kind’ (for example, with goods such as food).
What are labor standards?
In this chapter, labour standards are defined as the rules and regulations that govern working conditions (working tiinc, cinployment stability, workers’ represen- tation rights, minimum wages, health and safety in the workplace, etc.).
