Here's A Quick Overview of what business owners should be aware of.
The Fair Labor Standards Act ( sets the federal minimum wage), which is currently $7.25. It also classifies employees as exempt or nonexempt from overtime pay. Typically, you do not need to pay employees overtime pay if they earn a guaranteed salary of at least $455 a week .
The Federal Equal Employment Opportunity Commission oversees laws that ensure all people have an equal chance for work, including laws that make it illegal to discriminate against someone in the hiring process or make employment decisions based on protected characteristics such as race, color, age, disability, sex, or national origin.
Workers’ compensation is a type of business insurance that provides monetary benefits and/or medical care for workers who are injured or become ill as a direct result of their job. As an employer, you are required to pay for this insurance, and you cannot ask your employees to contribute.
The Family and Medical Leave Act requires employers of 50 or more employees to give up to 12 weeks of unpaid, job-protected leave to eligible employees for the birth or adoption of a child, or for the serious illness of the employee or a spouse, child, or parent. This can be unpaid, but you must hold the employee’s job for them for 12 weeks.
The Occupational Safety and Health Act requires employers to provide employees with a workplace free from recognized and serious hazards. The act can be enforced through inspections and site visits. It’s important to have a safe workplace to prevent accidents and avoid fines.
The Americans with Disabilities Act prohibits discrimination and guarantees that people with disabilities have the same employment opportunities, ability to purchase goods and services, and more. This may affect your business in a variety of ways, including, for example, handicap-accessible entrances at your retail store or providing auxiliary aids, and providing reasonable accommodation to employees with physical or mental disabilities.
The Equal Pay Act requires employers to pay male and female employees who perform similar jobs and tasks under similar conditions the same amount of money.
Daunting Isn’t it? This is why I recommend that every company have affordable legal support. I offer this as a resource with my business coaching.
Have you Ever Hired A Business Coach to help with a specific concern? Let me know.