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| Section | Weight | Objectives |
|---|---|---|
| Anti-Discrimination Laws | 20% | - Age Discrimination in Employment Act - Title VII of Civil Rights Act - Equal Pay Act - Americans with Disabilities Act |
| Fair Labor Standards Act (FLSA) | 25% | - Minimum wage and overtime requirements - Exempt vs non-exempt classification rules - Recordkeeping and compliance obligations |
| Labor Relations Regulations | 15% | - National Labor Relations Act - Impact of unionization on compensation practices |
| Other Key Regulations | 10% | - State and local regulatory variations - Family and Medical Leave Act |
| Tax and Reporting Requirements | 15% | - Executive compensation disclosure rules - Form W-2 and other reporting obligations - IRS rules for taxable and non-taxable compensation |
| Overview of Regulatory Framework | 15% | - Federal regulatory structure and authority - Impact of regulation on compensation design and administration |
1. How does the Fair Labor Standards Act require employers to pay their nonexempt employees?
A) Double time for work on Saturday
B) Time and a half for all hours worked over 40 in the workweek
C) Double time for time worked on Sunday
D) Time and a half for all hours worked over 8 in the workday
2. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?
A) Coinsurance
B) Deductible
C) Coordination of benefits
D) Out-of-pocket expenses
3. Which one of the following should be included in a compensation guide for managers?
A) Information on common management processes
B) The consequences of various disciplinary measures
C) Individual salary rates of employees in their department
4. Which of the following acts is focused on employers with construction contracts with the government?
A) Sherman Antitrust Act
B) National Labor Relations Act
C) Davis-Bacon Act
D) McNamara-O'Hara Act
5. Why are lump-sum increases generally used?
A) To make up for benefits not provided by the organization
B) To control annual fixed costs from base pay adjustments
C) To elevate employees who are below the midpoint in the range
D) To reward employees under short-term incentive plans
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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