Pay Structure and Incentives
Shows the minimum, midpoint, and maximum salary of a position.
What is salary range?
This Act is currently referred to as the Wage and Hour Law.
What is the Fair Labor Standards Act?
This job evaluation method places jobs in an order from highest to lowest.
What is ranking method?
FMLA provides up to how many weeks of unpaid leave?
What is 12 weeks?
This Act started Section 125 and 401k.
What is the Revenue Act of 1978?
This means the organization wants to pay in the middle of all organizations that have a similar position.
What is matching the market?
Duties such as Executive, Administrative, Professional, and Outside sales.
What are exempt duties or exemptions from the Fair Labor Standards Act?
This job evaluation method compares and classifies individual jobs in job families with predetermined characteristics.
What is classification or grading method?
29 months
How many months of COBRA are allowed for an employee disabled at termination?
$50,000
What is the value of group life insurance that is considered taxable?
This type of group incentive pay shares productivity or cost-savings with employees.
What is gainsharing?
$455/week
What is the salary minimum that must be met for a highly compensated or computer employee?
This job evaluation method has all jobs evaluated by the interpretation of the factor descriptions but within the context of all other jobs in the organization.
What is point factor method.
50 full or part time employees within 75 miles of a given workplace
Who are employers required to provide FMLA?
5 year cliff and 7 year graduated are forms of this.
What is vesting or vesting rights?
This ties incentives to multiple dimensions of performance, not just financial outcomes.
What is a balanced scorecard?
$7.25/hour
What is the federal minimum wage?
This job evaluation method focuses on external data.
What is market comparison?
Hours considered as full-time under the ACA?
What is 30 hours per week?
Employees have how many days to sign an ADEA waiver to receive certain benefits on termination?
What is 21 days?
This is the percentile statistic most commonly used in salary surveys.
What is 50th percentile or median?
Compensation rate above maximum of range
What is a red-circled rate?
Creation of a pay structure requires that the organization develop an internal structure showing the relative contribution of various jobs.
What is job evaluation?
This program covers: Disability income, medical care, death benefits, and rehab services.
What is workers' compensation?
This medical insurance plan requires the participant to go to only its providers.
What is an HMO or Health Maintenance Organization?