Salaried versus waged
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1. Please list a few examples of how laws affect the wages that employees are paid. It would help if you brought in specific private-sector examples as appropriate.
2. What is your opinion on the quote, "Do laws interfere with or complement an employer's goal of using wage and salary (pay) plans to recruit, motivate and retain employees?"
References:
Chen, H., & Hsieh, Y. (2006, Nov/Dec). Key trends of the total reward system in the 21st century. Compensation and Benefits Review, 38(6), 64-71. Retrieved November 30, 2012, from Proquest.
Acts:
Lilly Ledbetter Fair Pay Act
Fair Labor Standards Act
Equal Pay Act
Davis-Bacon Act
McNamara-O'Hara Service Contract Act
Walsh-Healey Public Contracts Act
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Solution Summary
The expert determines how laws affect the wages that employees are paid. The plans to recruit and motivate the retained employees is determined.
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The following are some of the laws related to employee's salaries, wages, and other forms of rewards:
Lilly Ledbetter Fair Pay Act
This is a law signed by Congress on January 29, 2009. It restored worker protections against pay discrimination and allows individuals who face pay discrimination to seek rectification under federal anti-discrimination laws. The law clarifies that discrimination based on age, religion, national origin, race, sex and disability will "accrue" every time the employee receives a pay check that is deemed discriminatory.
(http://www.investopedia.com/terms/l/lilly-ledbetter-fair-pay-act.asp)
Fair Labor Standards Act
The Fair Labor Standards Act (FLSA) is a United States Federal law that was enacted in 1938. It protects workers by setting standards for minimum wage, overtime pay, record keeping, and youth labor. This law covers full-time and part-time workers in the private sector and in federal, state, and local governments. This act applies to employees working for an enterprise that has annual sales or does business of at least $500,000. It also applies to employees who work for a school or preschool, a government agency, or a hospital or a business that provides medical or nursing care for residents. Other employees covered are those whose work regularly involves interstate commerce including producing goods that are shipped out of state, talking by phone to people in other states, handling records of interstate transactions, travelling to another state or even doing janitorial work in a building where goods that will be shipped out-of-state are produced. Domestic service workers are also protected by the FLSA. ...
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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