Compensation

These resources can provide you with information on various compensation issues, including FLSA determinations and notifying employees of pay increases or bonuses. Also included is the Bureau of Labor Statistics’ recent National Compensation Study.

Fair Labor Standards Act (FLSA)

When determining how an employee is to be paid, there are many decisions to be made- including overtime, minimum wage, and salary versus hourly wage. The Fair Labor Standards Act (FLSA) provides the guidelines for making such decisions.

Fair Labor Standards Act

 

BLS Compensation and Benefits Survey

The U.S. Bureau of Labor Statistics has released the results of the "National Compensation Survey: Employee Benefits in the United States." Some of the findings include: 71% of private industry workers have medical care benefits available, compared to 88% among State and local government workers; employers paid 82% of the cost of single coverage and 71% of the cost for family coverage; and paid sick leave is available to approximately two-thirds of workers. The data is also available broken down by industry and employer size.

View Survey »

 

Sample Forms

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This material was created by NFP, its subsidiaries, or affiliates for distribution by their Registered Representatives, Investment Advisor Representatives, and/or Agents. This material was created to provide accurate and reliable information on the subjects covered. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation. Neither NFP Securities, Inc. nor NFP Benefits offer legal or tax services.

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