Fair Labor Standards Act Overview The Fair Labor Standards Act of 1938‚ as amended is also referred to as "the Act" or "FLSA". The Act provides for minimum standards for both wages and overtime entitlement‚ and spells out administrative procedures by which covered work time must be compensated. FLSA also include provisions related to child labor‚ equal pay‚ and portal-to-portal activities. A general overview of FLSA is that it establishes minimum wage‚ overtime pay‚ recordkeeping‚ and child
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able to have the “Fair Labor Standards Act” passed and signed into law. This piece of legislation was a land mark in our history. It banned most child labor; it set a minimum hourly wage and set the standard work week. This was the beginning that made employers develop records to keep track of the wages that they paid to their employees and records of the hours the employees were working. The Supreme Court had been one of the major obstacles to wage-hour and child-labor laws. In the 1936 Presidential
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position‚ operating efficiency and profitability. Year I Year II Year III Current Ratio 265% 278% 302% Acid Test Ratio 115% 110% 99% Working Capital Turnover (times) 2.75 3.00 3.25 Receivables Turnover 9.83 8.41 7.20 Average Collection Period (Days) 37 43 50 Inventory to Working Capital 95% 100% 110% Inventory Turnover (times) 6.11 6.01 5.41 Income per Equity Share 5.10 4.05 2.50 Net Income to Net Worth 11.07% 8.5% 7.0% Operating Expenses to Net Sales 22% 23% 25% Sales increase during
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LABOR STANDARS 2012513091 1. a) Yes. The four-fold test of determining the existence of employer-employee relationship is applicable to PH and the security guards‚ to wit: * The manner of selection and employment of the security guards – It was PH who chose the guards to be deployed at its hotel premises from the list of 30 names submitted by MSA. * The mode of payment of wages – It was PH who paid the wages of the guards as evidenced by the payslips bearing its logo. It was PH that
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Case: Donner Company EXECUTIVE SUMMARY The Donner Company is a manufacturer of printed circuit boards. They need to address several issues in their supply chain operations to improve their service level because net income in the month of September has drastically decreased. Before September‚ growth was steadily increasing every month. They found that the major problems include unpredictable bottlenecks in manufacturing‚ lower than expected productivity and lower than expected quality
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Donner Case Analysis Operations Management Group: Bianca Gonçalves‚ 2422 Diana Santos‚ 1891 Franziska Stalf‚ 2010 Yizhe Zhao‚ 2110 Visual Defects Inspection & Shearing of Laminate Artwork and Computer Control Tapes Generation 20 min 0 min Panel Preparation 20 min 0‚5 min/panel 10 min 0‚5 min/panel Metalization 5 min 0‚2 min/panel 240 min Drill Dry Film Photoresist (DFPR) 29 min Punch Tooling/Location Holes 0‚75 min/panel min Laminate & Curing CNC Drill 16 min/panel 2 min/panel
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addition to 0.08 min for every hole. Knowing that the typical circuit board has 500 drilled holes‚ then run time will be 0.08*500 = 40 min / board. Therefore‚ time taken to drill N boards manually will be equal to : 15 + 40(N) * On the other hand the CNC drill needs 240 min for set up‚ in addition to 0.004 min for every hole. So run time will be 0.004*500 = 2 min / board. Then the time taken to drill N boards by CNC drill will be equivalent to : 240 + 2(N) * It is then logic to conclude that
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What is The Fair Labor Standards Act? Jacqueline Daniels ACCT 1130 Payroll Accounting Tomeika Williams February 5‚ 2014 Abstract “The Fair Labor Standards Act (FLSA) of 1938 is one of the most important pieces of legislation ever enacted‚ giving a voice to the millions of Americans in our workforce.” (Resource FLSA Law ‚ 2006) Keywords: workforce What is The Fair Labor Standards Act? In 1983‚ President Roosevelt retained the Fair Labor Standards Act‚ which legitimately
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Fair Labor Standards Act of 1938 – as Amended As the United States endured the hardships of the Great Depression‚ the struggles of the working class grew and employers were able to take advantage of desperate workers by overloading hours and shrinking wages. In 1938‚ President Franklin Roosevelt‚ in his New Deal legislation‚ saw the opportunity to attend to the issues concerning workers involved in interstate commerce. The Fair Labor Standards Act was passed‚ and the President described it in
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Operational Management Case Study Report Donner Company (9- 689-030) 1. Sketch the normal process flow‚ i.e.‚ the operations common to most orders. The standard ordering process can be illustrated as follows. 1. Estimate the cost 1. Estimate the cost 3.Order 3.Order 4. Wrote the detail 4. Wrote the detail Bruce Altmyer Bruce Altmyer Edward Plummer Edward Plummer Customer Customer 2.Customer bid 2.Customer bid 7. Sent the blueprint 7. Sent the blueprint 5. Sent
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