Question

Choose a law or regulation that affects the total pay package in your current or past employer, explain how this effects decisions made by your employer.

Answer 1

In every company or institute employees are the main part of every field. So it is compulsory to save them, to help them, and to motivate them. For the help of employee government made many laws and regulation to support them. Somehas good impact and some has been a negative response to employment law. Some employers have been working to try and reduce the legal protections given to workers in the name of higher profits. Employment laws were put in place to protect workers from wrongdoing by their employers. Without those statutes, workers would be vulnerable to a number of threats. The key employment laws include discrimination, minimum wage, and workplace safety and health laws, as well as workers’ compensation and child labor laws. Some employers have been working to try and reduce the legal protections given to workers in the name of higher profits. Employment laws were put in place to protect workers from wrongdoing by their employers. Without those statutes, workers would be vulnerable to a number of threats. The key employment laws include discrimination, minimum wage, and workplace safety and health laws, as well as workers’ compensation and child labor laws.

Some Laws are as follows:-

Employment laws preventing discrimination

Workers are currently protected against many forms of discrimination by employment laws. Discrimination laws were put into place to stop employers from actively discriminating against certain employees. In the state of Texas, employees are protected by law against discrimination based on race, color, national origin, religion, sex, and disability. Employees are also protected from discrimination due to being 40 or older, citizenship status, and genetic information.

Employment laws and minimum wage

Before minimum wage employment laws came into place, it was completely in employers’ hands to determine what an employee was paid. During the Depression, many employers were paying wages that could not support a working man, let alone his family.

Workplace safety and health employment laws

OSHA (Occupational Safety and Health Administration) is the entity that regulates workplace safety in the United States at the federal level.

Workers’ compensation employment laws

In most U.S. states, employers of a certain size are required to carry workers’ compensation insurance. This insurance covers the medical costs of the workers’ injuries. The insurance also provides a partial wage while the employee is recovering from the injury.

Employment laws about child labor

Before the Great Depression, there were no laws in place to prevent the use of children in hazardous jobs. In hard economic times, children as young as five or six were being used in very dangerous employment that adults were unsuited to perform. Many children were maimed and injured as a result of that employment. In 1938, President Franklin D. Roosevelt signed the Fair Labor Standards Act into law. Besides setting the national minimum wage, child labor statutes set forward minimum working requirements for children in most industries outside of agriculture.

Payroll is “The sum total of all compensation that a business must pay to its employees for a set period of time or on a given date,” which includes salaries, wages, deductions, bonus, and net pay. In many cases, payroll is handled by the accounting department of a business. Small-business owners may also choose for payroll to be managed directly in-house or by an associate. Federal labor law violation: Wage violation. The Fair Labor Relations Act (FLRA) requires employers to pay minimum wage, classify employees properly as exempt or nonexempt, and pay overtime. Employers can also be required to pay back wages to current and former employees if this federal labor law is broken.

Payroll typically makes up the largest deductible for a business because of the expense it takes to compensate each employee’s salary or wage. Pay periods can also vary due to situations like overtime or sick days.

Besides compensating employees, payroll also involves the taxes that employees are required to pay. Also known as Pay-As-You-Earn (PAYE) taxes, these are taxes that employers must withhold from the wages of every employee. Income tax with holdings are assigned by the federal, state, and local governments.

Employees and employers are required to also pay payroll taxes like Social Security and Medicare. The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.” Another required payroll tax would be unemployment taxes to compensate employees who have lost their job.