Broward County residents who are subject to an employment contract with a South Florida employer may find the following story interesting. The CEO of AT&T recently had his compensation package cut by more than $2 million, leaving him with $22 million in compensation for 2011. While this pay scale is certainly astronomical, the issues surrounding the cut in this employee's salary are important, especially for employees who may have been in a similar situation.
Many South Florida workers are well aware of just how much is at stake when you enter into an employment contract. For the employee, your own personal well-being may hinge on a successful employment relationship, and for the employer, the company's long-term obligations and success are on the line.
South Florida employees are provided wage and overtime rights are under the federal Fair Labor Standards Act. This federal law requires employers to pay overtime, equal to the rate of one and one-half times regular hourly pay, to employees for each hour worked in excess of 40 hours.
Of the record 99,947 complaints the U.S. Equal Employment Opportunity Commission received in 2011, nearly 40 percent pertained to retaliation. Discrimination on the basis of race and sex were second and third.