Chapter 11 notes - Chapter 11 Establishing a Pay Structure...

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Unformatted text preview: Chapter 11 Establishing a Pay Structure Job structure- the relative pay for different jobs within the organization Pay level- the average amount (including wages, salaries, and bonuses) the organization pays for a particular job Pay structure- the pay policy resulting from job structure and pay level decisions Pay structure is developed based on legal requirements, market forces, and organizations goals Legal requirements for pay: Equal employment opportunity Minimum wages o The lowest amount that employers may pay under federal or state law, stated as an amount of pay per hour o Fair Labor Standards Act (FLSA)- federal law that establishes a minimum wage and requirements for overtime pay and child labor Pay for overtime o Exempt employees- manager, outside salespeople, and any other employees not covered by the FLSA requirement for overtime pay o Nonexempt employees- employees covered by the FLSA requirements for overtime pay Prevailing wages o Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936...
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This note was uploaded on 11/28/2011 for the course MGT 315 taught by Professor Wenier during the Summer '08 term at Michigan State University.

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Chapter 11 notes - Chapter 11 Establishing a Pay Structure...

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