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Topic 1: Introduction to Total Rewards

Across
An Act which specifies that employees are entitled to up to 12 weeks of time off to recuperate from medical conditions or to handle qualified family needs such as the birth of a child or to care for an elderly relation
The basic hourly rate of pay plus any non-discretionary bonuses, shift differentials, production bonuses, and commissions earned
Seven consecutive periods of 24-hour days
Helped to define some of the rules for the FLSA.
Guidelines provided by the HR department recommending appropriate pay increases for different performance levels.
provisions are designed to protect the educational opportunities of minors and prevent them from working in jobs and under conditions detrimental to their health or well-being.
Can include effectiveness at meeting customer needs, new product creation, and gains in market share, profits, and other measures of financial return on the firm's assets.
Salary or hourly wages
The equipment and knowledge used to produce goods and services. May vary greatly by industry.
All hours that an employee is permitted to work, plus time when the employee is required to be on the employer's premises, on duty, or at a designated work station.
Federal law that requires employers to determine the "employee status" of each job so that certain protections (minimum wage, overtime pay, and child labor) can be provided to non-exempt employees.
How an organization is going to compete.
Down
Employees who are exempt from the overtime requirements of the Fair Labor Standards Act, such as outside salespeople and executives who have administrative or managerial responsibilities.
Employees who are covered by the minimum wage and overtime pay provisions of the FLSA.
Monetary pay that employees receive in exchange for their work
Goals or the criteria by which a rewards system can be judged
Rewards that vary as performance varies.
All forms of pay and compensation, tangible benefits, and other intangible rewards that an organization provides
Represent those value-creating activities in which employees engage but which are not part of their job.
An Act that requires organizations to determine the "employee status" of each job.