Fair Labor Standards Act
The minimum wage and overtime pay requirements of the Fair Labor Standards Act (FLSA) are among the nation's most important worker protections. The FLSA provides exemptions from the minimum wage and overtime requirements for employees employed in a bone fide executive, administrative, or professional capacity or in the capacity of outside salesman.
The FLSA is not the only law that provides protection to employees regarding compensation. Some other laws include state wage and collection laws, as well as the Employment Retirement Security Income Act (ERISA), also provide various protections.