The Legal Landscape of Compensation
$7.25
What is the minimum wage requirement in North Carolina?
Generally cash bonuses, which represent significant percentage of pay and are typically driven by annual objects linked to company objectives
What are short-term incentives?
Philosophy & Strategy
What are the first steps in developing a salary structure?
A series of payments made to an employee after they retire from work
What is a pension?
Helps employees identify and resolve concerns related to health, marital, family, financial, substance abuse, legal, emotional, stress, or other personal issues that affect job performance?
What are Employee Assistance Programs (EAPs)?
40+ hours
What are the amount of hours that qualify for overtime pay?
By paying employees more than the identified market rate
How does a company lead the market?
Job evaluation methodology, marketplace investigations/salary surveys, and pay structure
What are major phases of developing a salary or pay system?
September 2, 1974/Labor Day
What day did President Ford sign the Employee Retirement Income Security Act (ERISA) into law?
PDF digitals, photo/video sharing apps, GIFs, and emojis
What are examples of communication methods for employees?
The Fair Labor Standards Act (FLSA)
What is the act that states the guidelines for minimum wage and overtime pay?
By taking steps to identify if and where gaps in salary exist by conducting pay equity audits
Physical requirements is an example of a least weighted factor
What are compensable factors?
Health Insurance Portability and Accountability Act
What does HIPPA stand for?
Profit Sharing, Money Purchase, Employee Stock Ownership Plans, 401(k) Plans
What are examples of Defined Contribution Retirement Plans that can be offered in the workforce?
Anne, a woman, is paid $22 an hour as an Analytic Specialist at a company she has been working at for 5 years. Her coworker, Tyler, a male, has been working at the same company, for the same amount of time, as an Analytic Specialist as well. Tyler is paid $32 an hour. Anne and Tyler both have the same educational backgrounds. What law/act is this breaking?
What is the Equal Pay Act?
Prohibits employers from barring any discussions or disclosures about pay in the workplace and from retaliating against employees who may do so
What are wage transparency laws?
A receptionist would have a low ranking on this kind of scale
What is the paired comparison method?
Made it possible for employees to have guaranteed job protection if they needed to take a leave of absence for the birth of a child
What is the Family and Medical Leave Act of 1993
What are mental health benefits?
This act overturned the Supreme Court's decision in the Ledbetter v. Goodyear Tire and Rubber Co. case. This restricted the timing for employee discrimination filing, regarding compensation. This act allows individuals facing pay discrimination to seek remedy under federal anti-discrimination laws.
What did the Lilly Ledbetter Fair Pay Act do?
Women in the U.S. workforce only making 80 cents for every dollar men make is an example of
What is an uncontrolled gender pay gap?
Measure the effectiveness of a salary program by indexing the relative competitiveness of internal pay rates based on range midpoints
What are compa-ratios?
Ensures that discrimination does not take place against individuals who served in the Armed Forces
What is the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA)?
A notion that offers employees benefits such as "anywhere, anytime fitness", nutrition resources, mindfulness classes, guided meditation, yoga, and mental/physical health coaching
What is virtual wellness?