Overview -Compensation Administration and the Law

Topic

Compensation is a broad term that includes all the extrinsic and intrinsic rewards an employee receives as a result of employment.

Compensation administration programs are designed to provide competitive, equitable, and legally compliant pay to all employees, through the use of salary structures and formal policies and procedures.

Laws impacting salary administration are constantly changing. 

This module is designed to assist you in knowing how to review and update your programs on a regular basis to ensure legal compliance when initiating or making material changes to how you pay employees.

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Objectives

By the end of this week, you will be able to:

• Define three types of pay equity
• Define the Goals of Compensation
• Reference statutes, Acts, and decisions in State and Federal Law related to compensation

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Weekly Schedule

Activity
Reading: Pages 1-13 in the COURSE READER
Discussion: Compensation & Total Rewards