FLSA
Government & Politics abbreviation · US Law
| Stands for | Fair Labor Standards Act |
|---|---|
| Categories | Government & Politics |
FLSA stands for Fair Labor Standards Act, a US law abbreviation also used in business.
Law of 1938 that sets the federal minimum wage, requires overtime pay of one and a half times the regular rate for hours over 40 in a workweek for nonexempt employees and restricts child labor. It is enforced by the Labor Department's Wage and Hour Division.
Example: As an FLSA-exempt manager, she does not receive overtime for weekend work.
Usage notes
President Franklin D. Roosevelt signed it on June 25, 1938, setting a 25-cent minimum wage. The federal minimum has been $7.25 an hour since July 24, 2009, the longest stretch without an increase since it was created. Workers classified as exempt, such as many salaried professionals, are not entitled to overtime.
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