What is Fair Labor Standards Act (FLSA) in Retail? Explained

The Fair Labor Standards Act (FLSA) is a significant piece of legislation in the United States that establishes labor standards and regulations, including the federal minimum wage, overtime pay eligibility, recordkeeping, and child labor standards. Enacted in 1938, the FLSA aims to protect the rights of workers and ensure fair working conditions. In the retail industry, compliance with the FLSA is crucial for businesses to uphold fair labor practices, determine wage policies, and avoid legal implications related to employee compensation and working hours.