Minimum Wage: The FLSA mandates a federal minimum wage, which as of now is $7.25 per hour. Some states and cities have their own, higher minimum wages. Overtime Pay: Non-exempt employees must receive overtime pay at a rate of one and a half times their regular rate of pay for hours worked over 40 in a workweek. Recordkeeping: Employers must maintain accurate records of hours worked and wages paid to employees. Youth Employment: The FLSA sets standards for the employment of minors, including restrictions on the hours and types of work they can perform.