Compensation Benefits VII - In preparing a compensation plan, an organization

Compensation Benefits VII

VII Journal

Instructions

In preparing a compensation plan, an organization must consider all the laws and regulations associated with the pay of special groups (i.e., supervisors, corporate directors, and executives). However, do you think compensation for special groups is excessive? If so, why? Address a law or regulation that is specifically related to special groups that you think is vital. Why is it so important to you?

Your journal entry must be at least 200 words in length. No references or citations are necessary.

Part 2.

QUESTION 1

• Explain alternative rewards systems for unions and their purpose. 
• Your response must be a minimum of 200 words in length.

QUESTION 2

• Address how Employee Retirement Income Security Act of 1974 (ERISA) plays a role in executive benefits.
• Your response must be a minimum of 200 words in length.

QUESTION 3

• Summarize and explain the influence that three of the following laws or regulations play in special group compensations:
  • Davis Bacon Act of 1931
  • Walsh-Healey Act of 1936
  • Equal Pay Act of 1963
  • Lily Ledbetter Fair Pay Act of 2009
• Your response must be a minimum of 200 words in length.

QUESTION 4

• Address the role of unions in wage and salary policies and practices. 
• Your response must be a minimum of 200 words in length.