Fair Labor Standards Act Of 1938

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Employees put a great deal of energy and hard work into their jobs. What they receive in return should be a direct reflection of the work they perform. Compensation is one of the most important factors in employee motivation and retention. However, fair pay isn’t just important for employees. Fair pay practices benefit companies as well by generating a more engaged workforce, which offers a competitive advantage. This is why labor Laws such as the Fair Labor Standards Act of 1938 are so important. “The Fair Labor Standards Act of 1938 sets minimum wage, overtime pay requirements, and rules governing child labor” (Bernardin & Russell, 2013, p. 264).
The Fair Labor Standards Act of 1938 has established a standard for the labor industry