![]() ![]() In short, labor relations are the term used to define the connection and agreements between employer and employees. The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Benefits are nonmonetary, additional perks or rewards that a company provides for a team member. This monetary value can include wages, salary, commissions, and bonuses. Compensation is the financial value that a team member receives in exchange for their services. It is a United States federal law which amended Title VII of the Civil Rights Act of 1964 (the "1964 Act") to address employment discrimination against African Americans and other minorities. An example of legislation is the Equal Employment Opportunity Act of 1972. This means, for example, that anyone competing for a position at a company should have the same chances of succeeding if they are right for the job. The basic EEO definition (or equal employment opportunity) is the idea that everyone should be treated fairly when they are considered for various employment decisions (including hiring, promotion, termination, compensation, etc.). The four major areas of laws affecting Human Resources Management are Equal Employment Opportunity, Compensation and Benefits, Labor Relations and Health and Safety. ![]()
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