Labor Standards - Essay Example

Labor Standards Labor Canons The labor laws are usually amended from time to time to enhance quality and employees' welfare. In most cases, labor laws are made to ensure that workers are not harassed in the workplace and that employers provide reasonable remuneration. Apparently, there exist some specific terms used when discussing labor standards. These terms include hourly exemption, nonexempt, executive exemption, administrative exemption, and professional exemption. According to Steingold (2015), hourly exemption refers to an arrangement where the employees are neither entitled to minimum wage nor overtime payment.

However, overtime compensation may be offered based on the agreement. On the other hand, Nonexempt can be described as an arrangement where employees are entitled to overtime compensation and minimum wage as outlined in the Fair Labor Standard Act. An executive exception can be said to be the benefits that accrue to individuals based on their positions in an organization. Subsequently, administrative exemption refers to favors that people enjoy for holding administrative posts in an organization such as supervisors.

Profession exemptions are exclusions that individuals get due to some expertise power. Analysis of the Wage Theft Prevention Act (WTPA)The WTPA became effective in 2011 and was mainly constituted to ensure that wages for workers are safe. The WTPA obliges employers to provide new workers with written notice of wage rates and formal payment dates. The US government realized that most employers were not ethical in disbursing wages to workers. In essence, several cases arose regarding wage theft and, therefore, there was a need to formulate legislation that provide a solution to such issues.

The law is of great interest to my company in that it provides oversight of the legal repercussions that might happen once wage theft is reported to the relevant authorities.