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Federal Law and Regulations on the Equity Wages and Benefits

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Discussion Question #1: Discuss a federal law, regulation, or case that is relevant to the topic of wages and benefits. Are there any problems with the regulation? Has anyone proposed recommendations for change to it? Please put the subject of the law/regulation/case that you are discussing in the subject line.

Discussion Question #2: Discuss and evaluate two factors that help to define the internal equity of wages and benefits.

Discussion Question #3: Discuss and evaluate two factors that help to define the external equity of wages and benefits.

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Solution Summary

This solution of 444 words explains factors that affect the internal and external equity of wages and benefits. References used are included.

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Discussion Question #1: Discuss a federal law, regulation, or case that is relevant to the topic of wages and benefits.

A federal law or regulation relevant to the topic of wages is Minimum Wage. According to the US Department of Labor, "On May 25, President Bush signed a spending bill that, among other things, amended the FLSA to increase the federal minimum wage in three steps: to $5.85 per hour effective July 24, 2007; to $6.55 per hour effective July 24, 2008; and to $7.25 per hour effective July 24, 2009."

Reference: http://www.dol.gov/esa/whd/
The Law: http://www.dol.gov/esa/regs/statutes/whd/FairLaborStandAct.pdf

Are there any problems with the regulation?

The known problems with this regulation occur on the employer's ...

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