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The Fair Labor Standards Act (FLSA) is a federal law that establishes minimum wage, overtime pay, recordkeeping, and child labor standards for employers in the United States. It is administered by the Wage and Hour Division of the United States Department of Labor. The FLSA affects personnel and human resources in a variety of ways, including setting standards for wages, overtime pay, and child labor. It also requires employers to keep accurate records of employee hours and wages.
The FLSA market includes a variety of employers, from small businesses to large corporations. Companies in this market must comply with the FLSA’s regulations and ensure that their employees are paid fairly and in accordance with the law. Examples of companies in the FLSA market include retail stores, restaurants, manufacturing companies, and healthcare providers. Show Less Read more
