Virtually all employers, both private and public, with one or more employees, are subject to the Fair Labor Standards Act (FLSA). In a nutshell, the FLSA establishes standards for minimum wage, overtime pay for eligible employees, the employment of minors, and recordkeeping. This video lesson and fact sheet were reviewed and updated in May 2016 to ensure compliance with recently released regulatory changes. This program is part of the "HR Law for Managers" series. This series provides a comprehensive resource that will orient managers to components of key employment laws; provide details, relevant to managers, for each of these laws; and explain, in practical terms, how to apply the laws in context with specific situations as relate to a manager’s duties. You are encouraged to take advantage of the detailed fact sheet that supports each program in the "HR Law for Managers" series.