2. Week 7 Introduction Human Resource Management MGT 340

3. Legal Issues in Compensation Minimum Wage Equal Pay Act Child Labor Exempt vs. Non-exempt Title VII

4. Employee Perceptions of Pay Fairness

5. Employees compare their pay and effort against three yardsticks: 1.What they think employees in OTHER organizations earn for doing the same job. 2.What they think other employees holding different jobs within the SAME organization earn for doing work at the same or different levels. 3.What they think other employees in the SAME organization earn for doing the SAME job as theirs.

6. Pay Equity (continued) Employee who feel under-rewarded may: 1.Decrease their input (reduce effort) 2.Increase their outcome Steal Ask for or demand a raise 3.Withdraw from the situation (leave the company or refuse to cooperate)

8. Principles of Effective Incentive Pay Plans

9. Legal Requirements for Employee Benefits Benefits required by lawTax treatment of benefitsAntidiscrimination lawsAccounting requirements

10. Optional Benefits Programs Paid Leave Group Insurance Retirement Plans “Family- Friendly” Benefits Other Quality of Work-Life Benefits

11. Optional Benefits Programs: Group Insurance Medical InsuranceLife InsuranceDisability InsuranceLong-Term Care Insurance

12. Optional Benefits Programs: “Family-Friendly” Benefits Family LeaveChild Care BenefitsCollege Savings PlansElder Care