G&A Guide to FLSA Compliance Requirements

This guide provides an overview of the Fair Labor Standards Act (FLSA) and its implications for professional services businesses. It outlines the federal standards for minimum wage, overtime pay, child labor, and employer recordkeeping as enforced by the U.S. Department of Labor’s Wage and Hour Division. The document details the classifications of employees as exempt or nonexempt, emphasizing the importance of correct classification based on job descriptions rather than titles. It also highlights common compliance violations that businesses may encounter and offers steps to improve compliance, such as conducting periodic audits and staying informed about state and local labor laws. Additionally, the guide discusses the potential consequences of noncompliance, including fines and back pay, and stresses the need for ongoing education and proactive measures to ensure adherence to FLSA requirements.