LAW

Employment Laws and Employee Rewards

Employment Laws and Employee Rewards

Introduction

There are many different state, federal and local employment and wages law that effects the payment to employees. Employees total compensation laws and regulations relate to the pay structure of employee, benefits/perks, health insurance, provident fund benefit, leaves (annual, medical, sick, and special leaves), disability protection, accidental life insurance, and retirement benefits. Multiple laws in US influence total compensation (David, 200, pp. 66-90).

Discussion

The administration of the personnel department ensures the satisfaction of employees, which in turn helps the organization to obtain, manage, and retain productive workforce. There are many laws and regulations influencing the total compensation for employees in US based industries.

Equal Pay Act (EPA)

This law requires that women and men are paid equally for the work they equally perform in the same organization. It is not necessary that the works are identical, but must be substantially equal. Title 29 CFR Part 1620 and Title 29 CFR Part 1621 Procedures of Equal Pay Act clearly states the rule regarding the workers compensation structure.

The Fair Labor Standards Act (FLSA)

It has a significant impact on the compensation package for the employees. This act classify the rules for minimum wage, equal pay, overtime pay, recording of compensation benefits given to employees, and framework to discourage child labor in industry. Under this act, minimum wage rate for employees working in biotech organization is $7.25 (Jasper, 2008).

Lilly Ledbetter Fair Pay Act

The current administration of Barack Obama is this thing so much aware that they passed a law on 29.01.2009, which bears the name "Lilly Ledbetter Fair Pay Act of 2009". The law is named "Lilly Ledbetter Fair Pay Act" is designed to ensure fair compensation. The Act repeals a judgment of the Supreme Court, after the employees have only six months to complain against lower wage because of their gender, origin or skin color.

The Davis Bacon Act

It is a US Federal law of the 1931, established to insure that the workers of public work projects receive compensation according to the prevailing wages of the local area, or in line with the pay of workers working in a similar capacity. It was “James J. Davis” who was a Pennsylvania Senator, and formally a Secretary of Labor, who was responsible for the act's sponsorship, influencing the name of the Act after him, and, signed into law by President Herbert Hoover on 3rd March 1931(Charles, 1977, pp. 200-230).



Walsh-Healey Public Contracts Act

The Walsh-Healey Public Contracts Act (PCA) has a requirement for the contractors who engaging in the manufacturing or supplying of equipment, materials, supplies, or articles to the United States government or the District of Columbia, to pay employees who are responsible for the production, assembling, handling, or shipping of the goods under contracts exceeding the amount of ten thousand dollars. The contractors are liable for the minimum wage to employees for all hours worked, and to pay them one half time of their normal pay for any hours worked in over time above the ...