TOTAL COMPENSATION

Laws and Regulations Influencing Total Compensation



Laws and Regulations Influencing Total Compensation

Introduction

There are many federal, state, and local employment and tax laws that impact compensation. These laws define certain aspects of pay, influence how much pay a person may receive, and shape comprehensive benefits plans. Employees total compensation laws and regulations relate to the pay structure of employee, benefits/perks, health insurance, provident fund benefit, leaves (annual, medical, sick, and special leaves), disability protection, accidental life insurance, and retirement benefits. Multiple laws in US influence total compensation.

The administration of the personnel department ensures the satisfaction of employees, which in turn helps ...