May 2007
Beginner to intermediate
864 pages
23h 46m
English
book
The WorldatWork Handbook of Compensation, Benefits & Total Rewards: A Comprehensive Guide for HR Professionals
by WorldatWork
Content preview from The WorldatWork Handbook of Compensation, Benefits & Total Rewards: A Comprehensive Guide for HR Professionals
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Chapter 7. Regulatory Environment: The FLSA and Other Laws That Affect Compensation Practices
One of the most important aspects of a compensation system is that it complies with existing laws and regulations, and that it be legally defensible in this era of litigation. It is critical for compensation experts and HR professionals to work closely to ensure that the organization’s pay system is defensible and that everyone who works with compensation understands the relevant regulations. Figure 7.1 summarizes some of the existing laws that affect compensation practices, the most prominent (for pay program design purposes) being the Fair Labor Standards Act of 1938 (FLSA).
Table 7.1. Compensation regulation.
Rule | Details | Governing Body |
|---|---|---|
Railway Labor Act | Grants the right of nonmanagerial and airline employees in the private sector to bargain collectively with their employers on questions of wages, hours, and work conditions | National Mediation Board National Board of Adjustment |
Davis-Bacon Act | Establishes wage and fringe-benefit standards for laborers and mechanics for federal public construction projects that exceed $2,000 | U.S. Department of Labor |
Walsh-Healey Public Contracts Act | Establishes wage, hour, overtime pay, child-labor and safety standards for employees of manufacturers or suppliers of goods for federal contracts in excess of $10,000 | U.S. Department of Labor |
Fair Labor Standards Act (FLSA) | Deals with minimum wages, overtime pay, equal pay for both sexes, child labor, and recordkeeping for ... |
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