Definition: The US Department of Labor, or DOL, is the federal agency tasked with administering federal employment laws. There are wage, hour and employment laws that are set at the federal level, and laws that are set at the state level. There are often huge differences between the federal laws and the laws of the state(s) that the company is operating in. When this occurs, companies are supposed to administer their policies according to which of the laws gives their employees the best conditions. The DOL, then, is a resource for getting the laws set at the federal level.
Also Known As: DOL, Department of Labor