There are more than 150 laws imposed on any organization regarding compensation for employees. The department of labor is in charge of enforcing these federal laws. The law that greatly affects the compensation plan of firms is the Federal Employees’ Compensation Act (FECA). This law is concerned with compensation for workers who are exposed to death or injury during their duties. This law provides compensation for loss of wages due to injury, disability, or death.
The compensation package involves covering all medical and rehabilitation costs for the injured party. A person who is injured during the performance of their duties at the workplace is entitled to proper compensation. The contractor who has employed us should be notified of the injury within 30 days of the occurrence of that injury. The person who has been injured resulting in partial disability and cannot earn any income should fill forms provided by the labor department.
One of the relevant examples of an injury that can occur during the performance of duties is falling down a staircase. It can cause a very serious injury to an employee. They will be given compensation if they are federal employees and will have to follow all the necessary procedures to claim for compensation.
There are more than enough laws guiding the total compensation of employees. The government should come up with a few concrete laws that have no loopholes in them. The laws, which affect compensation include state laws, federal laws, tax laws, and local employment laws. All these laws work in a way that will govern the amount an employee gets in terms of benefits, total pay, and deductions. The Fair Labor Standards Act is the law, which widely affects the compensation of employees. This law applies to all employers. It addresses the issues of minimum wages, equal pay, payment of overtime, keeping of proper records, and the matter of child labor.
From my point of view, such a comprehensive law should dig deeper it should prevent us from having laws, such as the Equal Pay Act. The Fair Labor Standards Act should contain this. Many of the laws regulating compensation are mostly repetitive and do not cover the topic fully. It is what has prompted the repetition of these laws repeatedly under different topics. Employees should read many laws that affect them. It enables a smooth running between employees and employers. It should not be the case because many employers may use the ignorance of employees by showing them clauses in areas that are unexpected. It will result in a conflict between employers and employees (Martocchio, 2002).
The law guides the compensation for employees. A company has to take into account all the provisions in the law when coming up with a strategic compensation plan. The compensation plan should enable the company to attract quality employees, have low employee turnover, and offer employees rewards for their work. The laws in this country are somehow bloated with the rules that should be followed when coming up with a compensation plan.
The majority of employers claim that employees have proper knowledge of the laws that manage their remuneration and compensation. With these laws and policies communicated clearly to employees, no unfair labor practices are bound to occur in that firm. Many firms have these laws and policies signed by the employees that have understood what is expected of them. It reduces any wrongful practices.
References
Martocchio, J. J. (2002). Strategic Compensation: A Human Resource Management Approach. Mason: Prentice Hall.