The Impact of Legislation on Total Rewards
Though the ways in which employers provide total rewards is an internal process, it is often impacted by various external factors that are beyond the control of organizations. One factor with significant impact is legislation passed by government entities. Across countries and cultures, government entities can assume different roles. In the United States, legislation has the potential to not only impact the design and delivery of total rewards, but also the supply and demand of the labor market. For example, in 1938, the passage of the Fair Labor Standards Act (FLSA) addressed child labor laws, minimum wage, and also solidified the 44-hour workweek as the maximum amount an employee could work. At the time, this legislation greatly impacted the output of products that many U.S. factories could achieve as they realigned their standards to comply with government policies.
Since then, many regulations and laws have been passed at the federal, state, and local levels in the United States, many of which are in response to identified trends in the economy and in society. For example, the Equal Pay Act of 1963, which focuses on reducing sex-based pay disparities, was created because of pressure from the feminist movement during the 1960s. Today’s legislative environment has government officials focusing on current important topics such as executive compensation, health care, and unemployment.
As portrayed above, government legislation, regulations, and guidelines are created to address and minimize perceived injustices in the labor force. Though they may be beneficial to the workforce, they can greatly impact an organization’s options for pay levels, forms of pay, and pay mix in total rewards packages.
For this Assignment, you analyze the impact that prominent legislation has on the ways in which organizations deliver total rewards. First, select two pieces of legislation from the list below. Then, conduct research in the Walden Library and other scholarly websites to identify the main points of the legislation you selected. In conducting your research, consider the various compliance challenges organizations might face when attempting to implement a total rewards system.
Select two pieces of Legislation from the following list:
The Prevailing wage laws of the Fair Labor Standards Act (FLSA) Title VII of the Civil Rights Act
Internal Revenue Service (IRS) tax code
Legally-mandated (local) living wage ordinance(s)
Worker Economic Opportunity Act (WEOA)
Sarbanes-Oxley Act (SOX)
In a 3-page paper:
Analyze the impact of legislation on total rewards.
Summarize the key provisions of the legislation you have selected.
Explain how each directly impacts one or more aspects of total rewards.
Describe at least two potential challenges organizations might face when attempting to comply with the legislation you selected.
Propose at least two strategies HR could use to overcome each of these compliance challenges.
Explain how these strategies could sufficiently address your identified compliance challenges.
Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.[order_calculator]