Fair Labor Standards Act

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Purpose

The fair labor standards act establishes minumum wage, overtime pay, record keeping and youth employment standards affecting employess in the private sector and in federal, state and local government.


When was it founded?

The fair standards labor act was founded in 1938.

Recordkeeping

Every employer covered by the Fair Labor Standards Act (FLSA) must keep certain records for each covered, nonexempt worker. There is no required form for the records, but the records must include accurate information about the employee and data about the hours worked and the wages earned. The following is a listing of the basic records that an employer must maintain:

  • Employee's full name, as used for social security purposes, and on the same record, the employee's identifying symbol or number if such is used in place of name on any time, work, or payroll records;
  • Address, including zip code;
  • Birth date, if younger than 19;
  • Sex and occupation;
  • Time and day of week when employee's workweek begins. Hours worked each day and total hours worked each workweek;
  • Basis on which employee's wages are paid;
  • Regular hourly pay rate;
  • Total daily or weekly straight-time earnings;
  • Total overtime earnings for the workweek;
  • All additions to or deductions from the employee's wages;
  • Total wages paid each pay period;
  • Date of payment and the pay period covered by the payment.


Basics


  • Minumum wage is $7.25
  • Overtime pay is calculated by adding half of your pay to your pay for working over 40 hours in a workweek.
  • You must be 14 to work.