C1 Regulatory Environments for Compensation Programs Questions and Answers

Double time for time worked on Sunday

Time and a half for all hours worked over 40 in the workweek

Time and a half for all hours worked over 8 in the workday

Double time for work on Saturday

Customarily and regularly direct the work of at least two full-time employees

Perform work that is intellectual and varied

Devote less than 15% of his/her time to nonexempt work

Possess knowledge of an advanced type in business administration

They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.

They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.

They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.

They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.

40

45

50

55

Deductible

Coinsurance

Coordination of benefits

Out-of-pocket expenses   

There is no promise of a specific benefit at retirement.

Individual accounts must be maintained for each participant.

They are often integrated with government-sponsored programs.

Employees are at risk for financial resources.   

National Labor Relations Board

Equal Employment Opportunity Commission

Office of Federal Contract Compliance Programs

Department of Labor

The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area

The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide

The charges that are allowable for any given medical procedure with no pre-treatment authorization

The charges that are typically paid up front by a plan participant for services rendered.   

Keep them brief

Use multiple media

Include all details related to the issue

Leave backup data out of the presentation so there is time to develop an effective response to unexpected questions

Hourly rate

Salary

Piece rate

Production rate