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SHOW ME THE MONEY

SHOW ME THE MONEY. COMPENSATION BASICS. Patricia A. Frame  Strategies for Human Resources @2Patra. COMPENSATION BASICS. Pay - Wages, Salary Pay-related Legal Issues Benefits - What, Why, How Incentives - Performance-based, Awards, Perks . COMPENSATION BASICS. PHILOSOPHY AND CULTURE

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SHOW ME THE MONEY

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  1. SHOW ME THE MONEY COMPENSATION BASICS Patricia A. Frame  Strategies for Human Resources @2Patra

  2. COMPENSATION BASICS Pay - Wages, Salary Pay-related Legal Issues Benefits - What, Why, How Incentives - Performance-based, Awards, Perks

  3. COMPENSATION BASICS PHILOSOPHY AND CULTURE Philosophy: What, why, market Culture: How supports or destroys

  4. COMPENSATION: PAY Support business objectives First consideration of employees Supports or damages culture

  5. COMPENSATION: PAY LEGAL ISSUES Minimum Wage Laws Federal, State and Local Overtime Pay (FLSA)

  6. COMPENSATION: PAY LEGAL ISSUES Mandated Benefits • Social Security • Medicare • Workers Compensation • Unemployment Insurance

  7. COMPENSATION: PAY WHAT SHOULD I PAY? Market-based Pay Concepts Pay Data Resources Simple Pay Structures

  8. COMPENSATION: PAY Pay reviews Base pay changes Employee Communications

  9. COMPENSATION: PAY What Should I Consider? Pay + incentives + benefits + perks Fixed pay, variable pay, variable benefits

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