The Fair Labor Standards Act of 1938 codifies many aspects of employee compensation, including minimum wage, overtime pay, exempt and nonexempt classification, youth workers' rights and record-keeping. However, the act doesn't govern employment standards concerning vacation pay or time off for vacation.
Pfizer has a rich history and growing presence in New York State. Pfizer was founded in Brooklyn, New York, in 1849, and today New York State is home to Pfizerâs World Headquarters and the largest number of Pfizer employees worldwide.
Pfizer also wanted to improve its image as the premier employer in the local pharmaceutical sector and to retain talented staff. At the time the Czech economy was on the up, as the country prepared to enter the EU in 2004.