MGT 464 Chapter Notes - Chapter 4: Business Matters, Piece Work, Paperboy
Document Summary
Sets out federal requirements for the minimum wage and overtime pay. Prohibits wage differences based on gender, requires you to pay employees for all the work hours, and sets out the rules regarding the employment of workers younger than 18. Few instances in which it does not apply: If you operate a farm, your workers aren"t entitled to full flsa coverage. If you run a transportation business that"s regulated by the federal motor carrier act, there"s an overtime pay exemption for workers whose activities affect the safe operation of vehicles. Requires you to pay certain employees at least . 25 per hour and to pay time and a half for any hours more than 40 that those employees work in a workweek. Nonexempt employees - those who are entitled to the minimum wage and overtime pay. Exempt employees - those who are not entitled to minimum wage or overtime. Always entitled to overtime pay and minimum wage.
