The human resources specialties of compensation and benefits guide the organization’s leaders in attracting and retaining the best employees through a combination of strategic decisions. Employment laws regulate organizations in their application of compensation and benefits to provide the foundation for an equitable pay system.
Prepare a presentation for senior leaders that educates them on the laws and regulations that addresses the following:
- Explain the various laws and regulations that regulate compensation and benefits, such as the Fair Labor Standards Act and others.
- What challenges does an organization face in implementing these laws?
- Discuss the role of management, employees, and unions in compliance with these laws and regulations.
- What recommendations would you make to an organization to monitor and ensure compliance with these laws and regulations?