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ADMINISTRATIVE OFFICE MANAGEMENT

ADMINISTRATIVE OFFICE MANAGEMENT. Chapter 8 Employee Compensation, Recognition, and Company Policies. Compensation Legislation. Fair Labor Standards Act (FLSA) Components of FLSA Exempt vs. Nonexempt “Comp” Time Equal Pay Act of 1963. Direct Employee Compensation. Base Pay

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ADMINISTRATIVE OFFICE MANAGEMENT

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  1. ADMINISTRATIVE OFFICE MANAGEMENT Chapter 8 Employee Compensation, Recognition, and Company Policies Administrative Office Management, 13th Ed

  2. Compensation Legislation • Fair Labor Standards Act (FLSA) • Components of FLSA • Exempt vs. Nonexempt • “Comp” Time • Equal Pay Act of 1963 Administrative Office Management, 13th Ed

  3. Direct Employee Compensation • Base Pay • Wages or Salary • Incentives • Bonus • Commission • Gain sharing • Merit Raises • Profit Sharing • Stock Options • Stock Ownership Administrative Office Management, 13th Ed

  4. Benefits Required by Law Pay for Time Not Worked Vacations, Breaks, Holidays, Sick Pay Insurance Plans Medical, Hospital, Dental, Life, Surgical Security and Retirement Plans Pension, Social Security Work/life Benefits and Services Educational Assistance, Recreational Programs Indirect Employee Compensation Administrative Office Management, 13th Ed

  5. Policy: A plan or course of action adopted by a business Procedure: Outlines the steps to be performed when taking a particular course of action Rule: An authoritative directive for conduct; a habit of behavior De facto: What really happens in practice (in the absence of a policy or rule) Policies, Procedures,and Rules Administrative Office Management, 13th Ed

  6. Promoting and Terminating Employees • Promotions from within through job postings • Terminations and Layoffs • Personal Aspects of Terminations • Legal Aspects of Terminations • At Will Employment; Wrongful Termination; WARN Act • Exit Interviews Administrative Office Management, 13th Ed

  7. Labor Unions • Unions represent the employees • They negotiate contracts with employers about wages, benefits, work rules, etc. • They help to establish a formalized grievance procedure with agreed-on steps that management and employee must follow Administrative Office Management, 13th Ed

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