HUMAN RESOURCES MANAGEMENT
CHECK POINT 33: BASIC JOB COMPENSATION

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1. the purpose of employee compensation plan
2. equal employment opportunity laws
3. summary of major compensation and benefits laws
4. the fair labor standards act
5. who is covered by FLSA?
6. what is a living wage?
7. three main elements of any compensation plan
8. importance of basic job compensation
9. factors affecting basic job compensation
10. the principle of labor supply and demand
11. labor unions
12. the company's financial condition
13. the cost-of-living factor
14. five steps in developing a job compensation structure
15. salary and wage compensation surveys
16. job evaluation methods
17. the ranking method
18. the job classification method
19. the point method
20. the factor comparison method
21. the principle of equity in compensation
22. what is a pay grade?
23. what is a pay rate range?
24. for serious business owners only
25. the latest information online
 

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