Better asked is what is a company's biggest challenge in business today concerning employee compensation. First the term compensation requires a definition. In today's world a company's human resources department manages employee benefits and compensation. Benefits relates normally to health insurance coverage and pensions. For the most part compensation refers to direct and bonus pay to its employees. In that regard, direct pay, bonuses and incentive pay must be competitive with similar companies. This is the biggest challenge.
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
not employees
No. They are considered an excluded class because they were not employees of a private company
If there are no employees in the business, there is no need for workers compensation. However, handymen, landscapers and other part time contractors may be considered employees and need to be covered. The defining factors between an independent contractors (do not need to be covered under workers compensation) and employees (do need to be covered under workers compensation), has a lot to do with them having a contractors license, insurance, workers compensation for their employees, etc. If you are unsure, it is best to disclose the possible employees to the insurance company and let them decide if they need to be included or not.
disabled due to injury or illness sustained while in the performance of duty.
Compensation of employees
mental illness
disabled due to injury or illness sustained while in the performance of duty.
The fair compensation policy means the fair value of each job in the organization and clear process of reaching this fair value.