Compensation Management

This paper examines regulatory issues and pay equity factors in compensation management in the United States. The findings of the investigation are presented in four discussions, as follows: (a) federal laws and regulations; (b) internal equity; (c) external equity; and (d) internal and external pay competitiveness. The implications of the findings for the cable television industry are considered.

The Fair Labor Standards Act (FLSA) was first enacted in 1938. The most important elements of the FLSA are (a) requirements for overtime pay, (b) minimum wage, and (c) child labor. The law has been changes several times since its original enactment; however, the essential objectives of the law have remained intact (The Fair Labor Standards Act of 1938, As Amended, 2004). The FLST has direct effects on the cable television industry. In some areas of the country, the minimum wage provision of the FLSA affects cable television companies. In all areas of the country, the overtime pay and child labor provisions of the FLSA affect cable television companies.

The Family and Medical Leave Act (FMLA) was enacted in 1993. The FMLA requires employers to grant employees family leave and medical leave (under specified conditions) without retaliation against employees. Prohibited acts of retaliation include discharge, demotion, changes in job specifications, and pay cuts. The FML

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s act provided for the protection of the pensions of workers in the private sector (Mayers, 2002). ERISA covers eligibility, funding standards, and plan management. The act also created a federally operated pension plan termination insurance corporation to protect worker pension funds in the event of employer bankruptcy. Two additional significant provisions of ERISA provided for the transfer by employees of pension fund credits from one employer to another, and for the establishment of individual retirement plans by individuals not covered by an employer pension plan. These individual plans ù IRA ù were similar to the Keogh accounts permitted for self-employed individuals. Persistent ineffective enforcement of ERISA by the federal government has led to the situation that exists in 2006, where employees' pension funds are disappearing down to maw of corporate greed. The ERISA provisions for the transfer by employees of pension fund credits from one employer to another, and for the establishment of individual retirement plans by individuals not covered by an employer pension plan have been applied to health care plans when the functioning of those plans can affect a person's income security. Cable television companies tha
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Some common words found in the essay are:
Equity Internal, Act ERISA, Pay Competitiveness, Accountability Act, Rights Act, Equity External, Intergovernmental Relations, Act FMLA, Standards Act, COMPENSATION Introduction, cable television, pay equity, tersine 1995, cable television industry, television industry, cable television companies, television companies, job design, external pay, equal pay, job content, comparable worth, advisory commission intergovernmental, commission intergovernmental relations, equal pay act,
Approximate Word count = 1974
Approximate Pages = 8 (250 words per page)

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