11 broadbanding allows managers to make very precise differentiations in pay through 4296795
11. Broadbanding allows managers to make very precise differentiations in pay through the large number of pay grades.
12. Broadbanding can increase worker productivity and product quality, while decreasing absenteeism, turnover, and accident rates.
13. Team pay plans are based on the assumption that professional competence increases with training and longevity.
14. The use of broadbanding is suited to situation where the compensation system should support team based pay plans.
15. The Equal Pay Act (EPA) of 1963 sets minimum wage, overtime pay requirements, and rules governing child labor.
16. Where an employee is subject to both the state (or city) and federal minimum wage laws, the employee is entitled to the lower of the two minimum wages.
17. FLSA’s overtime provisions establish that employers pay workers at least 0.5 times their regular hourly rate for all work in excess of 45 hours in any workweek.
18. The job title should be the determinative factor when deciding whether jobs are substantially equal.
19. The Consolidated Omnibus Budget Reconciliation Act and the Family and Medical Leave Act both address an employees’ right to maintain their health care benefits.
20. In the tax protection approach, firms withhold taxes based on the home-country tax obligation and pay all taxes in the host country.
21. When considering the compensation package of an expatriate moving to a location where housing costs are substantially lower than the home country, management should consider providing a housing allowance.
22. Foreign service premiums are provided with the intention to offer an incentive to take an expatriate assignment.
23. When considering what level of benefits to provide to an expatriate, tax implications need to be considered.
24. Determining a fair rate of pay for expatriates is complicated by issues such as exchange rates fluctuations.
25. When communicating benefits information to employees it is best to focus on general information that is relevant to all employees rather than focus on individual customized reports that explain the employee’s coverages and costs.