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Psy 3316
Study Guide: Test 4 |
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You should be able to recognize,
define, list, or describe… |
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1. |
Goals of compensation. |
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2. |
Compensation stakeholders. |
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3. |
Types of equity levels related to
compensation. |
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4. |
What is covered under the Fair
Labor Standards Act (FLSA). |
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5. |
Difference between exempt and
non-exempt employees under FLSA. |
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6. |
Difference between a pay grade,
pay range, and a pay mix (including its components) |
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7. |
Steps in establishing an
internally consistent structure (e.g., ranking, point systems, etc.) |
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8. |
Steps in establishing an
externally consistent structure (e.g., salary surveys). |
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9. |
Major stages in developing a pay
structure. |
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10. |
Examples of legally mandated and
non-mandated benefits |
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11. |
Parts of Social Security and
Medicare. |
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12. |
Characteristics and issues with
Workers' Compensation |
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13. |
Characteristics of FMLA and HIPAA
programs. |
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14. |
Defined-benefit versus
defined-contribution retirement plans. |
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15. |
Issues when chosing
a retirement program. |
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16. |
ERISA and its fundamental parts. |
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17. |
Examples of health-related benefit
coverage, including wellness component. |
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18. |
Examples of paid time off during work and
payments for time not worked. |
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19. |
Examples of employee services and
other non-mandated benefits offered by organizations. |