Ch 12 Compensating the Flexible Workforce

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

economic test

Employment relationship exists if individual is economically dependent on a business for continued empolyment

Hybrid test

Employment relationship is evaluated under both common-law and economic reality test factor, with a focus on who has the right to control the means and manner of worker's performance.

common law test

Employment relationships exists if employer has right to control work process, as determined by evaluating totality of the circumstances and specific factors

temporary employment agency

The most common source where companies hire temporary workers

Common law

developed by judges through court proceedings that decide individual cases

Direct hire arrangements

directly hired temp employees only work less than a year

Lease companies

employ qualified individuals and place them in client companies on a long-term basis

Compressed workweek schedules

enable employees to perform their work in fewer days than a regular 5-day workweek

Independent Contractors, freelancers, and contractors

establish working relationships with companies on their own rather than through temp employment agencies or lease companies

Dual employer common law doctrine

establishes temp workers' rights to receive workers' compensation

economic structure, international competition, and shift from manufacturing to a service economy

Three structural changes in the U.S economy that have contributed to the ruse of contingent employment

Banking hours

flexible program that enables employees to vary the number of work hours daily as long as they maintain the regular number of work hours on a weekly basis.

Groupthink

occurs when all members agree on mistaken solutions because they all share the mindset and view issues through the lens of conformity

Flextime schedule limitations

overhead costs and coordination problems

Job sharing

two or more part time employees perform a single full-time job.

right to control

whether the employer has this right based on IRC criteria

Flexible schedules

allow employees to modify their work schedules within specified limits set by the employer

telecommuting

an alternative work arrangement in which employee at home or at some other location besides the office, minimize commute time and expense, no direct contact with employer

Safe harbor rules

-Leased employees covered by leasing company's pension plan -Nonintegrated employer contribution rate of 10% -Full and immediate participation in vesting -Leased employees less than 20% of non highly paid workforce

Flextime schedule advantges

1. lead to less tardiness and absenteeism 2. lead to higher work productivity 3. creating longer business hours and better service.

Core hours

All workers must be present during certain workday hours when business activity is regularly high

Voluntary Part-time employee

Chooses to work fewer hours than 35 per regularly scheduled work week.

Benefits for temp employees

Companies do not provide discretionary benefits

Contingent Workers

Employees who do not have implicit or explicit contract for ongoing employment. Part-time employees, temporary/on-call workers, leased employees, and independent contractors, free lancers, and consultants.

Core Employees

Have full time jobs or part time jobs, and they generally plan long-term or indefinite relationships with their employees.

FLSA

Minimum wage and overtime pay provisions apply to temp employees

37%

Retirement benefits for part-time employees compared to 74% for full-time

Involuntary part-time employees

Work fewer hours than 35 per week because they are unable to find full-time employment.

working condition fringe benefits

telecommuter employees who are provided with office equipment for telecommuting purposes are not taxed when they are provided to the employee within telecommuting relationship

economic realities

test is most significantly applied in context of the Fair Labor Standards Act. Whether employees are financially dependent on the employer


संबंधित स्टडी सेट्स

Networking + Post-Assessment Quiz

View Set

Financial Leverage and ROE Analysis

View Set