The Fair Labor Standards Act (FLSA) is a federal law enacted in 1938 that establishes minimum wage, overtime pay, and child labor standards in the United States.
Overtime refers to the time worked by employees beyond their agreed normal working hours. For hourly or nonexempt employees, overtime is typically compensated at a higher rate, often one and one-half times their regular pay, for hours worked over 40 in a standard workweek.
An in-depth exploration of wages, including definitions, examples, FAQs, related terms, references, and further reading.
An established pay rate for a particular job during a given period of time, typically specified on an hourly basis.
