Ch 14: Overview of Workplace Pay & Benefits

About This Chapter

Get the latest information in this overview of workplace pay and benefits. Study this chapter to see an overview and description of workers compensation and read about the labor relations process.

Overview of Workplace Pay & Benefits - Chapter Summary

Our subject-matter experts have prepared these lessons for you as an overview of workplace pay and benefits. Take a look at the definition of unemployment compensation and labor relations. Get to know the history and purpose of the National Labor Relations Board. The chapter includes such lesson topics as:

  • An explanation of employee compensation
  • Compensation strategies: non-financial, indirect and direct
  • Benefits and purpose of unemployment compensation
  • Purpose of collective bargaining

This chapter consists of short, engaging text and video lessons. Videos are 5-10 minutes average run time and each is hosted by our expert instructors. We provide a quiz for self-assessment, and if you want to take another look at one of the videos, you can use our timeline tool to go right to the section you need to replay.

7 Lessons in Chapter 14: Overview of Workplace Pay & 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.

Direct, Indirect & Non-Financial Compensation Strategies

2. Direct, Indirect & Non-Financial Compensation Strategies

Most organizations can't get people to work for free. In this lesson, you'll learn how businesses and other organizations can use direct, indirect and non-financial compensation strategies to acquire and keep talent. A short quiz follows.

Workers' Compensation: Overview and Description

3. Workers' Compensation: Overview and Description

Sometimes, work can be a dangerous proposition and accidents happen even in the safest of jobs. The workers' compensation system is designed to address these situations. In this lesson, you'll learn about some key aspects of the system.

Unemployment Compensation: Definition, Benefits & Purpose

4. Unemployment Compensation: Definition, Benefits & Purpose

Unemployment compensation is a type of temporary benefit paid to people who have lost their jobs. This lesson explains unemployment compensation, including its purpose and benefits.

National Labor Relations Board: History and Purpose

5. National Labor Relations Board: History and Purpose

Unions can play an important role in the employer-employee relationship. In this lesson, you'll learn about the National Labor Relations Board and how it makes sure both sides play by the rules. A short quiz follows.

Labor Relations: Definition & Process

6. Labor Relations: Definition & Process

In this lesson, we'll define labor relations. You'll also learn the process of establishing a labor relationship, which includes forming a bargaining unit, negotiating contracts and administrating contract agreements.

Function of Collective Bargaining

7. Function of Collective Bargaining

The function of collective bargaining is to negotiate work-related issues. Bargaining or negotiating takes place between the employer and the employees. The employees are represented by a collective bargaining unit.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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