PHR®/SPHR® Professional in Human Resources Certification Study Guide, Third Edition
by Anne Bogardus
6.10. Exam Essentials
Be aware of the federal laws that govern compensation and benefit programs.
The Fair Labor Standards Act in 1938 was the first to impact compensation in private businesses in America, and it continues to do so today. ERISA and its amendments, COBRA and HIPAA, require employers who offer benefits to meet minimum standards of fairness in benefit programs. IRS regulations often impact decisions on benefits that are offered.
Understand the provisions of the FLSA.
The FLSA established a minimum wage, overtime requirements, laws protecting American children against labor exploitation, criteria for exempt and nonexempt employees, exemption tests to determine exemption status, and payroll record-keeping requirements.
Be aware ...
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