Content - Calculating Pay, Time and Rate Considerations
Description:
The attached video will provide an explanation of the factors that come into play when calculating pay.
Purpose:
From this lecture, you will be able to better understand, and be able to apply, best practices that render accurate paychecks. This includes understanding variable pay policies used in different situations, pay periods, applied rates of pay, accurate recording of compensable time, and ways to remain compliant with the laws surrounding overtime.
What to gain:
As you listen to the presentation it may be helpful to stop, pause and take notes on how some of what you hear may impact your own employment experience, or as an HR professional, how viewing best pay practices will impact how you hire, pay, treat and retain employees at companies where you work, or may work in the future.
Upcoming activities:
Before completing this module you will need to:
- Participate in a discussion.
- Submit a Quiz meant to assess your level of gained knowledge
- Submit an overtime exercise