The Fair Labor Standards Act is aimed at establishing the standards for minimum wages, overtime pay and child labor. The law covers all types of employment, which include full-time and part-time workers and both in the private and public sectors. The purpose of this Act is to ensure that the labor employed is fairly compensated in accordance with the services they offer. It also ensures job security as it is a violation of the Act to fire. (DOL FLSA, 2008) Family and Medical Leave Act
The Family and Medical Leave Act is aimed at helping workers to manage equitably their work and family responsibilities. This act provides economic security to families. The law allows unpaid leaves to workers to cope up with their health issues and family matters. It can also be availed in case of birth or care of employee’s child; in case of the need to care of an immediate family member having serious health problems, and the care of the employees own serious health problems. (DOL, FMLA 2008)
Employee Retirement Income Security Act The Employee Retirement Income Security Act is aimed at providing post retirement income security. It provides the framework by which organizations can be audited for fairness and sound financial management. It makes it obligatory in most cases to promise such benefits. The Employee Benefits Security Administration is responsible to ensure the implementation of the Act. The purpose of such a law can be explained by the value of such plans.
These financial securities are long term securities which are very highly valued. (DOL, ERISA, 2008). The act also has provision to provide health coverage under a related act Consolidated Omnibus Budget Reconciliation Act of 1985 which is now codified in ERISA.
1. DOL FLSA, 2008, http://www. dol. gov/compliance/guide/minwage. htm 2. DOL FMLA, 2008, http://www. dol. gov/compliance/guide/fmla. htm 3. DOL ERISA, 2008, http://www. dol. gov/compliance/guide/erisa. htm