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Florida Institute of Technology

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1)Employers often use outside consultants to conduct pay surveys to avoid charges that the employers are attempting price fixing on wages.

An advantage of market pricing is that it has high face validity with employees and seems to be more objective than traditional job evaluation methods.
A nonexempt, private sector employee must receive overtime pay under the FLSA. The employee cannot take compensating time off at one and half times the number of hours in lieu of overtime pay.
The employee cost factor is total compensation and benefits per employee.

The consensus among compensation and motivation experts is that compensation systems strongly affect the types of behavior that employees demonstrate.
Pay compression is the phenomenon of employees with less seniority making a higher salary than high- performing employees with greater seniority.
Compensation practices are simplified as organizations shift to using work teams, because each team member receives identical pay.
The Equal Pay Act of 1963 was passed to achieve pay equity between men and women.
Job evaluation provides a formal, systematic basis for determining the market value of jobs and establishing external pay equity in the organization’s compensation system.
Peggy has taken a summer job before college classes start in the fall. She is working for an organic farm picking produce, packing produce, weeding, watering, and doing other farm tasks. Because this is the farm’s busy season, Peggy is working 60 hours a week. Peggy is entitled to time and one-half pay for the 20 hours she works extra every week.

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