Assignment - Legal Environment Review Questions
Once you complete this week's readings and review the lecture materials, answer the following questions in as much detail as possible. Write your answers in a Microsoft Word document.
The following laws are important in the area of compensation and benefits:
• FLSA of 1938.
• Social Security Act of 1935.
• ERISA of 1974.
For each of the laws listed above, answer the following three questions:
1. What was the main reason for the passage of each law?
2. How does each law affect compensation decision making process?
3. How does each of these laws benefit the employee or employer?