Posted by on Jan 5, 2014 in Business Laws | 0 comments

Opening your own business is an exciting time, however, with all of the business laws that come along with starting your own business, it can be a bit discouraging. When planning to start a business, a business lawyer would be the best person to assist you due to his or her knowledge of all the local and federal procedures and legal requirements that you will need to prepare and submit. Your lawyer will also be able to help you plan the course your business will take, as well as help you take care of the many different business essentials, including compliance with federal and state laws on safety in the workplace, company taxes and liabilities, company debts, workers’ insurance benefits, business deal contracts, employment contracts, hiring new employees, company policies and employee compensation and benefits.

Compensation or salary is a very important element in the growth of a business. Competitive pay will enable you to hire the best people and when these people see and feel that you value them by giving them what they believe is their due, you will never worry about their loyalty. This includes incentives and pay for overtime work.

Sadly, many employers deny their workers payment to work rendered beyond their regular working schedule. This is why overtime disputes are very common even in big companies in the U.S. As far back as 1938 the federal government has already addressed this issue by passing into law the Fair Labor Standards Act (FLSA) to ensure that, besides getting just wages, employees eligible for overtime work are paid justly.

Not all employees, though, are eligible to render overtime work and, thus, receive overtime pay; only non-exempt employees are. Workers who are considered to be exempt, or not eligible to do overtime work are professional, administrative and executive, employees, some skilled computer professionals, employees in certain recreational establishments, outside sales employees, switchboard operators in small telephone firms, seamen in foreign vessels, fishermen, farm workers in small farms, casual babysitters and care-takers, among so many others.

Those who are non-exempt and can render overtime work include both full-time and part-time employees, hourly or salaried workers and temporary employees. Non-payment of overtime pay is a violation of federal laws. Employees who are denied the pay that is due them are given the legal right to bring erring employers to justice and to receive whatever pay the law stipulates to be their right to have.

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