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BU Traditional Compensation Approach and Total Rewards

BU Traditional Compensation Approach and Total Rewards

BU Traditional Compensation Approach and Total Rewards


• Explain the differences between a traditional compensation approach in comparison to a total rewards compensation approach. What two factors have contributed to the entitlement orientation? What are the three major objectives of the FLSA?

• In base pay programs, employers often categorize jobs into groupings that tie the FLSA status and the method of payment together. State them and briefly explain. Describe the benefits that are commonly given to executives.

• Describe how co-payments and using defined contributions plans can be used to control healthcare benefit costs. The Consolidated Omnibus Budget Reconciliation Act requires that most employers with 20 or more employees offer extended healthcare coverage to what three groups? Describe how employers educate their employees about the values and costs associated with the benefits they receive.

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