Fair Labor Standards Act - What It Does and Does Not Do
Duties Test for Exempt Employees
Salary Test for Exempt Employees
ERISA - Employee Retirement Income and Security Act of 1974
Basic issues in the area of compensation agreements:
compensation
agreements can be oral or written, with hourly, weekly, monthly,
piece, book, flag, day, ticket, or job rates
as noted
in the section on Offers of Employment and Compensation Agreements,
if unusual pay methods are contemplated, the employer should have the
employee sign a written pay agreement that spells out the conditions
for pay exactly in order to avoid misunderstandings and possible wage claims
an employer may change both the method and the rate of pay, but only prospectively, never retroactively (risk of wage payment law or breach of contract claims)
