By Samantha Byrd, HR Business Partner, Helios HR
If you are a government contractor, whether you have 15 employees or 1500 employees, you need to understand the federal Fair Labor Standards Act (FLSA). Government contracts are heavily regulated, and if a contractor fails to comply with the complex array of government contracts laws and regulations, liability can be substantial.
The difference between exempt and non-exempt employees is who gets paid overtime and who doesn’t. Not knowing the difference between these categories could cost you a lot of money. Employees who qualify as “exempt” are exempt from overtime regulations (and minimum wage laws), whereas “non-exempt” employees must be paid for every hour of overtime they work.
Click here for the rest of the article.