One law that pertains to salaried employees is that the employee must work the agreed-upon hours in order to receive payment, as of 2015. Unless stipulated in the employee contract, salaried employees rarely receive compensation for overtime work, says The Law Dictionary.
The laws regarding compensation for overtime work for salaried employees is dependent on the employer contract and not a specific set of laws. The required hours of work to receive the salary is also dependent on the contract. The standard is 40 hours a week, though some companies require less or more, explains The Law Dictionary.
Labor laws do not require employers to offer paid vacation or sick days, as of 2015. Despite this, many employer contracts still offer paid vacation and sick time. Employees taking vacation or sick days are paid for the whole day of work if the hours are available. The Family Medical and Leave Act requires that employers provide up to 12 weeks of unpaid leave for specific medical issues, states The Law Dictionary.
A benefit of being a salaried employee is that the pay is the same even if the employee shows up late to work. However, the employer still retains the right to fire an employee that shows up late too frequently, says The Law Dictionary.