The Fair Labor Standards Act outlines regulations for employees, including minimum wage, overtime pay, record keeping, and age restrictions. While the minimum wage war is being, well, waged, the FLSA handed down new overtime regulations that go into effect December 1, 2016. Under the FLSA, employees are categorized as “exempt” or “non-exempt”. Generally speaking, the FLSA requires that most employees be paid the minimum wage and time and a half for hours worked in excess of 40 hours per week. Non-exempt employees are entitled to overtime pay. Exempt employees are not entitled to overtime pay. (I swear, they could have come up with more intuitive terms.)
It’s lunch time. Your friend and fellow CEO starts to lament about being fined by the state for Nevada Revised Statutes (NRS) infractions. What do you do? a) Buy him a beer; b) give him the name of a good labor lawyer; or c) drift off to sleep (the NRS topic is a real snoozer) while wondering, “Have I made the same mistake?” NRS may evoke a yawn, but compliance is important. Take a look at this checklist for the laws that often trip up employers.