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ESTABLISHING A PAY STRUCTURE (Legal Requirements for Pay (Minimum wages…
ESTABLISHING A PAY STRUCTURE
Decisions About Pay
Pay Level
Pay Structure
Job
Structure
Legal Requirements for Pay
Equal employment opportunity
Minimum wages
Fair Labor Standards Act (FLSA)
Minimum wage
Overtime pay
Exempt employees and Nonexempt employees
Prevailing wages for federal contractors
Child Labor
Prevailing Wages
Economic Influences on Pay
Labor Markets
Product Markets
Pay Level: Deciding What to Pay
Pay at rate set by market
Pay at a rate above market
Pay at a rate below market
Job Structure: Defining Key Jobs
Key Jobs
Putting it all together
Pay Policy Line
Pay Rates
Pay Survey
Pay Grades
Define Key Jobs
Pay Ranges
Job Structure
Pay Structure
Job Evaluation
Alternatives to Job-Based Pay
Delayering
Skill-Based Pay Systems