人力资源讲义ppt11.ppt

Establishing Strategic Pay Plans After studying this chapter, you should be able to: List the basic factors in determining pay rates. Explain in detail how to establish pay rates. Explain how to price managerial and professional jobs. Discuss current trends in compensation. Determining Pay Rates Employee compensation All forms of pay or rewards going to employees and arising from their employment. Direct financial payments Pay in the form of wages, salaries, incentives, commissions, and bonuses. Indirect financial payments Pay in the form of financial benefits such as insurance. Overview of Compensation Laws Davis-Bacon Act (1931) A law that sets wage rates for laborers employed by contractors working for the federal government. Walsh-Healey Public Contract Act (1936) A law that requires minimum wage and working conditions for employees working on any government contract amounting to more than $10,000. Overview of Compensation Laws (cont’d) Title VII of the 1964 Civil Rights Act This act makes it unlawful for employers to discriminate against any individual with respect to hiring, compensation, terms, conditions, or privileges of employment because of race, color, religion, sex, or national origin. Overview of Compensation Laws (cont’d) Fair Labor Standards Act (1938) This act provides for minimum wages, maximum hours, overtime pay for nonexempt employees after 40 hours worked per week, and child labor protection. The law has been amended many times and covers most employees. Equal Pay Act (1963) An amendment to the Fair Labor Standards Act designed to require equal pay for women doing the same work as men. Who Is Exempt? Who Is Not Exempt? Overview of Compensation Laws (cont’d) Employee Retirement Income Security Act (ERISA) The law that provides government protection of pensions for all employees with company pension plans. It also regulates vesting rights (employees who leave before retirement may claim compensation from the pension plan). The Age Discrimination