Strategic Compensation Final Exam || with Errorless Solutions 100%.

What business should we be in? correct answers Corporate objectives, strategic plans, visions and values How do we gain the competitive advantage in the businesses correct answers Business unit Strategies How should Hr give us the competitive advantage correct answers HR Strategies How should total compensation help us win correct answers social, competitive and regulatory environment Overtime pay correct answers covered, non-exempt employees must one and one half times the regular rate of pay for for all hours worked over forty in a work week Regular Rate correct answers Step 1: Total straight time earning / total hours worked = rr Step 2: RR*.5= half time premium rate Step 3: half time premium * overtime hours = total overtime premium due white collar exemptions correct answers most common FLSA minimum wage and overtime exemptions "541" or "white collar" executives, administration, professional, outside sales, computer Three test for exemptions correct answers salary level salary basis job duties Executive duties correct answers management of the enterprise or of customarily recognized departments or subdivisons directs the work of two or more employees authority to hire and fire Administrative Duties correct answers performs office or nonmanual work directly related to the management or general business operations. Exercise of discretion and independent judgement with respect to matters of significance. Professional duties correct answers performance of work requiring knowledge of advanced type in a field of science of learning. Performance of work requiring invention, imagination, originality or talent in a recognized field of artistic or creative endeavor. Job analysis correct answers process of systematically collecting, analyzing and documenting the important factors of a job