Assignment: Instructions
1. In preparing a compensation plan, an organization must consider all the laws and regulations associated with the pay of special groups (i.e., supervisors, corporate directors, and executives). However, do you think compensation for special groups is excessive? If so, why? Address a law or regulation that is specifically related to special groups that you think is vital. Why is it so important to you?
2. Address how Employee Retirement Income Security Act of 1974 (ERISA) plays a role in executive benefits.
3. Explain alternative rewards systems for unions and their purpose.
4. Address the role of unions in wage and salary policies and practices. .
5. Summarize and explain the influence that three of the following laws or regulations play in special group compensations:
• Davis Bacon Act of 1931
• Walsh-Healey Act of 1936
• Equal Pay Act of 1963
• Lily Ledbetter Fair Pay Act of 2009.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.