BUSI 440 Compensation Management: Thread 4 Homework Assignment

This assignment addresses proactive activities employers can undertake to enhance the regulatory environment, outlining three approaches: comply, compete, and catapult. The solution emphasizes the importance of compliance with regulations, particularly focusing on the Fair Labor Standards Act (FLSA), which governs wage and hour laws, including minimum wage, overtime pay, and record-keeping requirements. The document highlights the FLSA's significance in ensuring employees receive consistent pay and promoting fair labor practices. It references the electronic textbook, a biblical scripture reference, and a scholarly source to support the analysis. The assignment provides a framework for understanding and maintaining compliance within an organization, emphasizing the need for clear goals, employee awareness, and adherence to policies and laws.

Running Head: COMPENSATION MANAGEMENT 0

COMPENSATION
MANAGEMENT
COMPENSATION MANAGEMENT 1
Table of Contents
Activities....................................................................................................................................2
Comply...................................................................................................................................2
Compete..................................................................................................................................2
Catapult...................................................................................................................................2
The Fair Labor Standards Act (FLSA).......................................................................................2
References..................................................................................................................................3

COMPENSATION MANAGEMENT 2
Activities
This is authoritative to recognize that regulations have potentials to use a new level by
transformation on a side of the organization to a functional level. There are three approaches
that employer use to enhance the regulatory environment (Budd 03:16 – 17).
Comply
This approach is based on compliance with regulations without any transformative
change to operations. This generates profits and efficiency without operational benefit from
regulatory compliance.
Compete
This approach is based on the effective integration of compliance. This has aimed to
achieve parity with direct competitors. This approach has aimed to reduce the compliance
burden with regulations. This is not generally transformative at the level of an enterprise.
Catapult
This is based on the use of essential information to obey new protocols to achieve
transformation.
The Fair Labor Standards Act (FLSA)
This is the oldest labor law of US (John 09:10 – 12). This is known as a wage and
hour law. This has provisions like equal pay, minimum wages, overtime pay, and record-
keeping requirements (Martagh 02:16 – 20). This supports employees to get minimum wages
of $ 7.25 per hour. This covers extended over time to include all employees by the
establishment of important annual gross sales of an organization. This law supports
employees by providing the benefit of consistent pay for all operated hour over 40 per week.
This help to spread work among more workers. The compliance is made by an assurance of
payment to a worker by wages due to them. Compliance within the organization is
maintained by conforming rule. This is necessary to describe goals that aspire organization to
achieve efforts by ensuring that employees are aware to take steps to comply with
regulations, policies, and laws.

COMPENSATION MANAGEMENT 3
References
^ Budd A. Fick (2012). “Organizational Behavior in the Bible”. Activities. Sunny Press. P.
ISBN 9780791473832
^John C. (2013). “The Fair Labor Standard Act”. Actions of Organizations. Oxford
University Press. A. ISBN 9643596128759
^Murtagh N. (2011). “Provisions” Applications of Law. Springer. B. ISBN 63947598126132