Ch 18: Employee Compensation & Benefits

About This Chapter

Review topics related to employee compensation and benefits ahead of an important exam with this engaging chapter. This collection of video lessons are easy to navigate, mobile friendly and accessible 24 hours a day from a mobile device or computer.

Employee Compensation & Benefits - Chapter Summary

Our expert instructors present employee benefits and compensation concepts for your review in this easy-to-follow chapter. In these lessons, you'll find topics on employee incentives, COBRA, the Family Medical Leave Act and ERISA. You should be able to complete the following objectives once you've worked through these lessons:

  • Explain employee compensation
  • Outline the different types of employee incentives
  • Define financial rewards for employees
  • Discuss the importance of COBRA
  • Identify the wage and hour laws under the Fair Labor Standards Act
  • Describe the importance of the Family Medical Leave Act (FMLA)
  • Detail the requirements and laws under HIPAA
  • Provide an explanation of ERISA law and its importance

To ensure you're able to study at your convenience, we've made these learning tools available to you 24 hours a day. These videos are easy to navigate using the video tabs feature if you'd rather watch just one part of a video than the entire lesson. An instructor is available to help you with any questions that you have along the way.

8 Lessons in Chapter 18: Employee Compensation & Benefits
Test your knowledge with a 30-question chapter practice test
Understanding Employee Compensation

1. Understanding Employee Compensation

Compensation is pay for services during the course of employment. This can be direct (or monetary) compensation and indirect (or non-monetary) compensation in the form of benefits provided to the employee.

What Are Employee Incentives? - Types & Examples

2. What Are Employee Incentives? - Types & Examples

Employee incentives can take many forms, but, ultimately, they are tools managers use to reward good work and encourage employee retention. Find out about incentives, and take a quiz to test yourself.

Financial Rewards for Employees: Definition & Types

3. Financial Rewards for Employees: Definition & Types

For most companies, people are the biggest asset. Motivated employees help the company achieve its mission and goals, and one way to motivate employees is through financial rewards. Let's discuss this method of motivation further in this lesson.

COBRA: Overview and Importance

4. COBRA: Overview and Importance

Health insurance is one of the most important benefits an employee receives. In this lesson, you'll learn how COBRA allows an employee to keep his insurance coverage after he has left employment. A short quiz follows.

Wage and Hour Laws: Overview of the Fair Labor Standards Act

5. Wage and Hour Laws: Overview of the Fair Labor Standards Act

Most people work for others to make a living by trading their labor for a wage and other benefits. In this lesson, you'll learn about the Fair Labor Standards Act and the minimum standards it sets for certain labor practices.

Family Medical Leave Act (FMLA): Overview and Importance

6. Family Medical Leave Act (FMLA): Overview and Importance

Sometimes tragic or important personal events, such as a birth, medical illness or death of a loved one, require us to take time off from work. In this lesson, you'll learn how the Family and Medical Leave Act protects employees during these times.

What is HIPAA? - Definition, Requirements & Laws

7. What is HIPAA? - Definition, Requirements & Laws

This lesson discusses the United States Health Insurance Portability and Accountability Act of 1996, better known as HIPAA. Let's take a look at the legal protections and administrative requirements of this law.

ERISA Law: Explanation & Importance

8. ERISA Law: Explanation & Importance

In the U.S., individuals are primarily responsible for saving for retirement. A pivotal vehicle is employer-sponsored retirement plans. In this lesson, you'll learn about ERISA, which is an important law that regulates private sector benefit plans.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support