Current interpretations of the law

In the Financial Services Organization, every employee is entitled to the federal minimum workers compensation as the major requirement set forth by the Fair Labor Standard Act. However, there are certain workers who are exempted from the federal wages and are subjected to salary earnings. These workers are those employed as bona fide and are protected and defended by Section13 (a) (1) and Section 13(a) (17) of the Fair Labor Standard Act. (U. S. Department of Labor Employment Standards Administration Wage and Hour Division, 2008).

The Financial Services Organization employees that are exempted from the wages are the key administrators and whose primary duties significantly contribute to the management and smooth running of the industry. Therefore, they are expected to treat matters relating to the industry with due respect for the betterment of the industry. With the Financial Services Organization, not all the bona fide employees are subjected to the exemption.

This readily depends on the nature of the primary duties that one undertakes to contribute to the effectiveness of the industry. The Financial Services Organization is involved in interstate transactions and thus the set States’ laws dictate the minimum wage rates. (U. S. Department of Labor Employment Standards Administration Wage and Hour Division, 2008). The Financial Services Organization is expected at all times to comply with the work standards set by FLSA especially when dealing with the minors.

This has to do with matters such as the issuance of employment certificate to the minors and their working hours and conditions. The minor’s employment certificates are given out with reference to the suitable age bracket that different States prefer. In Alaska, minors of the age 14 years are permitted to work but their employers need to get approval documents from the permit officers besides the employment certificates. (U. S. Department of Labor Employment Standards Administration Wage and Hour Division, 2008).

In Florida, the minors can be employed any where without the employment certificate so long as their employers are aware of their age. In Iowa, the minors can even get their employment certificates just from their schools if visiting the department of employment Services could be a bit difficult. In Kentucky, employers are expected to give out the age of their minor employees whenever they are asked. In Montana, work certificates are not required for less dangerous jobs. In Nevada, the minors at the age of 14 years are ones who are issued with the work certificate.

(U. S. Department of Labor Employment Standards Administration Wage and Hour Division, 2008). In the Financial Services Organizations, both the senior and minor employees are offered rest periods for the stipulated working duration. This is basically agreed upon by Organization board. The rest period and meal break are put into consideration thus are not deducted from the usual working hours. (U. S. Department of Labor Employment Standards Administration Wage and Hour Division, 2008). CONCLUSION

The Fair Labor Standard Act was brought into strong existence with the intention of advocating for the rights and fair pay of the workers. So far it has emerged as the only act that treats all the workers uniformly without discrimination. It lays down clearly the conditions required when employing a minor. The Act tries to harmonize the relationship between employers and their employees to ensure fairness in the compensation in the various labor sectors including Finance Services Organization which was studied above. (U. S. Department of Labor Employment Standards Administration Wage and Hour Division, 2008).

Reference: U. S. Department of Labor (2008) The Fair Labor Act. Available at http://www. dol. gov/compliance/laws/comp-flsa. htm Access on July 10, 2008. U. S. Department of Labor Employment Standards Administration Wage and Hour Division . (2008). Available at http://www. dol. gov/esa/whd/regs/compliance/fairpay/fs17m_financial. pdf Accessed on July 11, 2008.