C1 Regulatory Environments for Compensation Programs Questions and Answers

500,000

840,000

8,000,000

9,700,000

Employers must include stock profits in overtime calculations.

Employees must hold options for at least 3 months.

Employees are not required to participate

Stock options may be granted at a 20% discount

Ask them to review or provide feedback, especially on something you have done for them

Talk to the individuals they report to in advance and gain their support so the stakeholders realize upper management already supports your position

Schedule a meeting of all stakeholders and make a strong case that overcomes all of their objections

Explain in precise terms to each stakeholder how your position is the most realistic approach to the issue or concern

An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.

An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding

An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act

When the Labor Department has advised an employer that its actions were unlawful

Recognize possible issues and concerns that will drive budget planning

Prepare quarterly and annual reports and their associated statements

Withhold payroll taxes for all elements of compensation

Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

Taxation has no effect on employee benefits; employers offer benefits for competitive reasons only.

Taxation is the primary reason that employers offer benefits; in the absence of tax incentives, employers would be unlikely to offer them.

Taxation affects the level of benefits offered, the source of benefits and the employer/employee cost-sharing basis.   

Race

Religion

Sex

Age

Job descriptions

Job specifications

Performance evaluations

Salary surveys

Davis-Bacon Act

Sherman Antitrust Act

McNamara-O'Hara Act

National Labor Relations Act

There is no promise of a specific benefit at retirement.

Individual accounts must be maintained for each participant.

They are often integrated with government-sponsored programs.

Employees are at risk for financial resources.