Business / Human Resources (HR) / Fair Labor Standards Act (FLSA) Of 1938: An act that covers public agencies and businesses engaged in interstate commerce or providing goods and services for commerce. The FLSA provides guidelines on employment status, child labor, minimum wage, overtime pay and record-keeping requirements. It determines which employees are exempt from the Act (not covered by it) and which are nonexempt (covered by the Act). It establishes wage and time requirements when minors can work. It sets the minimum wage that must be paid and mandates when overtime must be paid.
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Fair Adjective Synonyms: impartial, even-handed, disinterested, equitable, just, unprejudiced, unbiased, objective, square
Labor Noun Synonyms: effort, task, job, chore, undertaking
Labor Adjective Synonyms: toil, (hard) work, travail, exertion, effort, laboriousness, strain, drudgery, pains, industry, slavery, donkey-work, sweat, grind, elbow-grease, swot
Business / Finance / Out Of Line: A stock price that is too high or too low in comparison with similar-quality stocks in the same industry, according to its price/earnings ratio. MORE