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 Owcp 957 2017

Owcp 957 2017-2025 Form

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compensation is the amount of money an employer pays to its workers for hours worked in a pay period plus all non-cash benefits employees are entitled to workers can be compensated for services performed through the exchange of anything that is current or future economic value in addition to wages employees may be entitled to performance bonuses paid time off travel accommodations stock options profit sharing access to corporate expense accounts health insurance and any number of other valuable benefits offered by their employers compensation and benefits are regulated by a number of laws and regulations with the Federal Fair Labor Standards Act of 1938 serving as the cornerstone for nearly all other compensation requirements since the 1930s federal state and local laws have regulated when how and in what amounts workers must be compensated the following discussion highlights some of the rules that employers must follow when developing compensation packages for their employees the Fair

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