Compensation And Benefits Flashcards
Flsa exemption requirements
Minimum Salary
Paid on salary basis
Exempt duties ( executive, administrative, professional, outside sales)
Exempt from over time pay
Walsh healey act
Time and a half for hours in excess of 40 in a work week
Davis-beacon act
Est. prevailing wage and benefit requirements for contractors on federally funded construction projects
Broadbanding
Combine several salary grades or job classifications with narrow pay ranges into one band with a wider range spread
Green circle rates
Employee pay below the minimum range
Red circle rates
Pay rate above maximum range
Pay compression
Small difference in pay regardless of exp, skills, level, seniority
Indirect compensation
Benefits
Fmla
Must have worked 12 months total for employer, preceding the leave
Take up to 12 weeks of unpaid leave during a 12 month period
Ex: pregnancy
Care spouse, child, parent
Userra
Up yo five years
No break in service or pay
Qdro
Qualified domestic relations order. Spouse petitioning for a portion of their retirement benefit