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Business, Management, Human Resources Dictionary: F

Find business, management and human resources terminology - the terms that begin with F in the glossary.

Glossary Index: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Fair Labor Standards Act
The Fair Labor Standards Act (FLSA), first enacted by the United States Congress in 1938, sets standards for the basic minimum wage and overtime pay. The FSLA also sets standards for recordkeeping and for child labor. The FLSA affects most private and public sector employment, including state, local, and federal government.
The Family and Medical Leave Act
As most employers are now aware, the Family and Medical Leave Act (FMLA) requires covered employers to provide twelve weeks of unpaid leave to eligible employees within a 12-month period. The FMLA applies to private employers with 50 or more employees, and to all public employers. Learn the answers to several common questions you may have about the Family and Medical Leave Act.
Feedback - Give
Feedback is information to another person about the impact of their actions on a person, situation, or activity. Effective feedback is specific, timely, and focuses on a specific behavior.
Feedback - Receive
Interested in hearing about how others view your work? Make it easy for them to tell you. If they think you'll appreciatively consider their feedback, you'll get lots more. And, that is good - really.
Flexible Schedule
A flexible schedule allows an employee to work hours that differ from the normal company start and stop time. Particularly in an environment for exempt employees, those hours are generally 8 a.m. to 5 p.m. or 9 a.m. to 6 p.m. A flexible schedule involves either a compressed work week or flexible starting and stopping times. A flexible schedule is one of the benefits most appreciated by employees.
Flexible Spending Accounts (FSAs)
Health care premiums continue to increase and employers are shifting part of insurance costs to employees. Or, employers are not offering comprehensive health care benefits because of their cost. To help offset the sting associated with these higher costs to both employers and employees, some employers are implementing Health Care Flexible Spending Accounts (FSAs). Learn more about the benefits.
Flu (Swine) H1N1 Should Matter to Employers
Employers have a legal obligation to provide a safe, disease-free workplace for employees. Consequently, you need to take proactive steps to prevent the potential spread of any contagious disease, including Swine Flu H1N1, in your workplace. Employers also need to address business continuity in the event that a Swine Flu H1N1 outbreak affects the ability of your employees to come to work.
Full Time Employee
The Fair Labor Standards Act (FLSA) does not define full time employee or part time employee. What is counted as a full time employee is generally defined by the employer by policy. The definition of a full time employee is published in the employee handbook.
Furlough of Employees
An employee furlough is mandatory time off work with no pay. Used as an alternative to a layoff, an employee furlough can occur in both public and private sector organizations when revenue or projected revenue fails to match expenses. Revenue is generated through product sales, grants, and governmental support and subsidies.
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