HR Basics
What is the federal minimum wage?
$7.25/hr
A legally required form of compensation that provides employees with income after involuntary job loss.
Unemployment insurance
An employee must work this many hours in the previous year to be eligible for FMLA.
1,250
This term describes the process of resolving disputes or issues between employees within an organization.
Conflict resolution
A specific amount of money a person must pay out of their pocket before the insurance company starts to cover costs.
Deductible
The Fair Credit Reporting Act (FCRA) is the primary federal law regulating this pre-employment requirement.
A Background Check
This is a compensation method where employees are paid based on the output produced rather than on an hourly basis.
Piece rate pay
This federal agency enforces workplace anti-discrimination laws.
Equal Employment Opportunity Commission (EEOC)
This HR strategy promotes open communication and fosters a positive workplace culture.
Employee engagement
A process used by health insurance companies or healthcare providers to determine if a prescribed treatment, medication, or medical procedure is necessary and appropriate before it can be approved.
Prior Authorization
This term refers to a process where a neutral third party listens to both sides of a dispute between an employer and employee and makes a binding decision to resolve the issue.
Arbitration
This percentage amount an employee pays is the combination of social security tax and medicare.
7.65% (6.2%= SS, 1.45%=Medicare)
This type of harassment occurs when submission to unwelcome conduct becomes a condition of employment or basis for employment decisions.
Quid Pro Quo Harassment
This policy prohibits retaliation against employees who report misconduct or participate in investigations.
Whistleblower policy
A list of prescription drugs that a health insurance plan or pharmacy benefit manager (PBM) has approved for coverage. This list categorizes drugs into different tiers based on cost and clinical effectiveness.
A formulary
This term refers to the measurable standards used to assess the success of an organization’s initiatives.
Key Performance Indicators (KPI)
These accounts allow employees to set aside pre-tax dollars for medical and dependent care expenses.
Flexible Spending Accounts (FSA)
This law is applicable to companies with 100+ employees, requires 60 days' notices and covers plant closings and mass layoffs.
Worker Adjustment and Retraining Notification (WARN) Act
A manager’s ability to listen, empathize, and address employees’ concerns effectively.
Emotional intelligence
This type of retirement plan guarantees employees a specific payment upon retirement, based on salary and years of service.
Defined Benefit Plan
The practice of identifying and developing internal people with the potential to fill key leadership roles in the future.
Succession planning
This term describes the practice of paying employees more for working evening or night shifts
Shift Differential
This law made it illegal to knowingly hire, recruit, or refer illegal immigrants for U.S. employment.
Immigration Reform and Control Act (IRCA)
This workplace investigation principle means keeping information confidential and only sharing with those who should be privy to the information.
Need-to-know basis
These employer-sponsored plans help employees save for higher education expenses for themselves or their dependents.
529 Plans