Being a business owner means acting as a multi-faceted professional with expertise in lots of different concepts. You will likely be working hard to manage the company’s finances, employees, business plan, and legal aspects. It’s easy to get overwhelmed and overlook important details, especially if you are just getting started. That’s why we’ve put together the following list of 3 crucial labor laws that all businesses should be aware of. These are laws that help your employees enjoy a solid work-life balance and that prioritize the welfare of your employees. If you aren’t familiar with labor laws, keep reading on to learn about some of the most crucial aspects of taking care of your employees from a legal standpoint.
1. Fair Labor Standards Act
One of the most important labor laws to keep in mind when you are running a business is the Fair Labor Standards Act. This law prohibits businesses from overworking their employees by requiring all employers to pay overtime for any hours worked over 40 hours a week. Overtime is paid out at one and a half times more than the employee’s regular pay. Even if you are hiring subcontractors to work for your company, you will have to pay them for overtime. You can run into huge legal issues if you don’t take the FSLA into account when paying out your employees.
2. Family Medical Leave Act
The next important labor law to be aware of is the Family Medical Leave Act. This Act states that if you own a company of at least 50 employees, you are required to grant all qualified employees up to 12 weeks of paid medical leave in a year. You have the right to ask your employees for forms and medical documentation if you want. It’s always important to make sure that your employees stay healthy and provide them with the time they need to recover from serious medical emergencies, and this Act makes that happen.
3. Occupational Safety and Health Act
The Occupational Safety and Health Act essentially governs the safety and health of all workers in the workplace. You have to make sure that your employees are working in an environment that is safe, clean, and hazard-free. Your employees can file complaints if they believe that you are not following the OSHA which can lead to serious legal penalties and ramifications. That’s why you should hire a great business lawyer to help you keep track of any serious accidents or injuries and provide you with advice in the event of OSHA complaints.
As a business owner, it’s your direct responsibility to keep your employees safe and adheres to the labor laws that govern the modern workplaces. These labor laws should be taken seriously at all times. If you have any questions about labor laws or would like to reach out to a business lawyer for any legal concerns, connect with Derryberry & Associates LLP today.