Saturday, December 28, 2013

Total Compensation Methods Paper

Government regulation affects turn over structure in the areas of represent utilization opportunity, stripped-down yield, and pay for overtime and rife wages for national contractors. Employers may not base differences in pay on an employees age, sex, race, or other protected status. either pay differences has to be tied to such business-related considerations as tempt responsibilities or performance. The finish is for employers to provide equal pay for equal work. Job descriptions, job structures, and pay structures can help organizations designate that they are upholding these constabularys. In the United States, employers must pay at least(prenominal) the nominal wage established by law. marginal wage is the utmost make sense that employers may pay under(a) federal or state law, stated as an amount of pay per hour. lovely Labor Standards Act (FLSA) is federal law that establishes a minimum wage and unavoidablenesss for overtime pay and child labor. Another requirement of the FLSA is that employers must pay higher wages for overtime, defined as hours worked beyond 40 hours per week. The overtime lay out under the FLSA is mavin and a half times the employees frequent hourly outrank, including every bonuses and piece-rate payments (amounts paid per item produced). The overtime rate applies to the hours worked beyond 40 in one week.
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In the early(a) years of the industrial Revolution, employers could pay low wages by hiring children. The FLSA now acutely restricts the use of child labor, with the aim of protect childrens health, safety, and educational opportunities. cardinal additional federal laws, the Davis! -Bacon Act of 1931 and the Walsh-Healy universal Contracts Act of 1936, prescribe pay policies of federal contractors. Under these laws, federal contractors must pay their employees at rates at least equal to the familiar wages in the area. The calculation of prevailing rates must be based on 30%... If you want to ticktack a full essay, order it on our website: BestEssayCheap.com

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