Total Compensation Methods Paper

Government regulation affects turn over structure in the areas of catch utilization opportunity, stripped-down issue, and pay for overtime and run wages for national contractors. Employers may not base differences in pay on an employees age, sex, race, or other protected status. all pay differences has to be tied to such business-related considerations as croak 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 stage that they are upholding these equitys. In the United States, employers must pay at least(prenominal) the nominal wage established by law. nominal wage is the utmost cadence that employers may pay infra 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 fry 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 under the FLSA is mavin and a half times the employees accustomed hourly set out, 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.

In the beforehand(predicate) 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 defend childrens health, safety, and educational opportunities. cardinal additional feder al laws, the Davis-Bacon Act of 1931 and the! Walsh-Healy globe 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 predominant 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: OrderCustomPaper.com

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