Compensation management is examined.
1. List three positions where wages are paid in terms of an
annual salary. Why do these positions pay a salary
instead of an hourly wage?
2. List three positions where wages are paid in terms of an
hourly rate. Why do these positions pay an hourly rate
instead of a salary?
3. Which law regulates the determination of the form of
compensation? What are the legal requirements for a
position that pays a salary? Why do you think this law
4. List three positions where wages are paid in another
form besides salary or hourly. What are the other forms
of compensation? Why do you think these specific
methods have been chosen? How are these methods of
compensation more or less effective that hourly or salary
List any sources used(example newspaper or online publication)
...ions include Customer Sales Representatives in almost all industries, Receptionists, and hired help (maids, babysitters...). It is easier to pay an hourly rate instead of salary for such positions, as the working hours are never fixed, and the terms of employment are not as complex as a management roles explained in the answer #1.
3. The Employment, Labour and Worker's Compensation Law determines the form of compensation. The Fair Labour Standards Act (FLSA) requires that covered employees be paid 50% more than their base hourly rate for the time worked in excess of 40 hours in a week. Certain ...