7 Department of Labor rules every intern should know

7 Department of Labor rules every fr sich selbst should knowAttention current and future interns We know that this is an exciting time for you. Youre about to embark on the early stages of your professional careersa journey that for most of us makes up a significant portion of our adult lives and contributes greatly to our sense of self, happiness, and fulfillment. Internships are great opportunities for you to begin figuring out your strengths and weaknesses, likes and dislikes, interests and passions, and can really help guide you toward what you want to do with your work life. googletag.cmd.push(function() googletag.display(div-gpt-ad-1467144145037-0) ) Yes, its an exciting time of personal exploration and discoverybut that doesnt mean you should blindly race forward without knowing a few things first. Understanding some of the basic rules regarding internshipsincluding your rights as an unpaid intern or paid employeewill help ensure that your work experience is as productive and impactful as possible, and that your hard work and efforts are rightfully respected and rewarded.The U.S. Department of Labor, in an effort to protect the rights of interns and employees across industries and job positions, have established regulations under the ritterlich Labor Standards Act (FLSA) to determine if the nature of the work an individual is performing qualifies them as an unpaid intern or an actual employeewhich means that they qualify for FLSA employee protections and benefits, such as a minimum wage and overtime pay. In order to determine whether an intern or student is actually an employee, the FLSA lists the following seven factors to consider1. The extent to which the intern and the employer clearly understand that there is no expectation of compensation. Any promise of compensation, express or implied, suggests that the intern is an employeeand vice versa.2. The extent to which the internship provides training that would be similar to that which would be given i n an educational environment, including the clinical and other hands-on training provided by educational institutions.3. The extent to which the internship is tied to the interns formal education program by integrated coursework or the receipt of academic credit.4. The extent to which the internship accommodates the interns academic commitments by corresponding to the academic calendar.5. The extent to which the internships duration is limited to the period in which the internship provides the intern with beneficial learning.6. The extent to which the interns work complements, rather than displaces, the work of paid employees while providing significant educational benefits to the intern.7. The extent to which the intern and the employer understand that the internship is conducted without entitlement to a paid job at the conclusion of the internship.Once you determine if your position falls under the category of an unpaid internship or actual employment, you can then determine what rights youre entitled toeither as an intern or as an employee. Keep in mind that your basic rights are also protected in the workplace, which includes your right to a safe environment thats free from discrimination and harassment of all types. If you ever have any questions or concerns regarding your rights, either contact the HR department of the company youre working for or speak to a parent, trusted friend, or mentor.If youre about to start an internship, you should first know your rights in the workplace, to help ensure that you have a great experience. Use the information provided here, along with the United States Department of Labors website, to get informed and prepared for your first day on the job. Good luck

Half of All Job Seekers at Fairygodboss Virtual Fair for Women in Finance Were Diverse

Half of All Job Seekers at ritterlichygodboss Virtual Fair for Women in Finance Were Diverse Its no secret that finance has historically been a male-dominated field. Some companies, however, are leading an industry charge to create more diverse and inclusive workplaces though, admittedly, that can be more easily said than done. The simplest, most seamless way of diversifying your companys ranks? Recruiting top female talent through a Fairygodboss Virtual Career Fair. In September, Fairygodboss hosted its Virtual Career Fair exclusively for women in finance, and the turnout was impressive, to say the least. Major companies participated including Bank of America, Charles Schwab, JPMorgan Chase Co, Edward Jones, E*TRADE Financial, Mercer Advisors, Fitch Ratings, Fisher Investments, and TIAA and their recruiters had the opportunity to connect directly with hundreds of highly qualified female job seekers at the day-long virtual auffhrung. Nearly 800 women registered for the event, and t hey represented an experienced talent pool. Forty-one percent of participating women had worked in finance for at least 11 years, and 80% had a bachelors degree or higher (an astonishing 33%, in fact, had a masters degree or PhD). Not only that, but the women who participated made up an extremely diverse group of candidates, as well. A full 50% of participants self-identified as Women of Color up from 45% of diverse candidates who attended Fairygodboss inaugural Virtual Career Fair in February.Participants tuned in from locations all over the country, thanks to the events completely virtual nature. For their part, companies walked away with the resumes of hundreds of diverse women with relevant backgrounds and skills, streamlining the typical recruiting process of diverse candidates exponentially.Interested in sending recruiters from your company to Fairygodboss next virtual career fair for women? Email foundersfairygodboss.com for more information.