The Fair Labor Standards Act (FLSA) is a federal law that establishes key employment standards in the U.S., including minimum wage, overtime pay, recordkeeping, and child labor protections. Enacted in 1938, the FLSA ensures that eligible employees receive fair compensation for their work, including overtime pay at a rate of one and a half times their regular rate for hours worked over 40 in a workweek. The FLSA applies to most public and private employers, with certain exemptions based on job duties and salary level. By setting these standards, the FLSA protects workers’ rights and promotes fair labor practices across various industries. For more details on FLSA requirements, refer to the Handy Reference Guide to the FLSA from the Department of Labor.