Chapter 12: Compensating the flexible workforce

1. Chapter 12: Compensating the flexible workforce MGT 4543: Compensation Management

2. The contingent workforce • What are some of the reasons that the contingent workforce has grown? • Describe core employees. • Describe contingent workers.

3. 4 groups of contingent workers • Part-time employee • Temporary and on-call employees • Leased employee arrangements • Independent contractors

4. The contingent workforce • How are voluntary part-time employees different from involuntary part-time employees? • What type of cost savings do companies realize from using part-time employees? • What is job sharing?

5. The contingent workforce • Why are temporary workers needed? • What is the most common source of temporary workers? • Who is the legal employer of a temp – the organization for which they are doing work or the temp agency?

6. The contingent workforce • Explain leased employee agreements. • What are other terms for independent contactors? • What type of skill set do they typically have?

7. The contingent workforce • What types of jobs do companies hire independent contractors for? • What are some of the reasons that employers in the U.S. are increasingly relying on contingent workers?

8. The contingent workforce • What are some of the things companies are NOT responsible for when it comes to independent contractors? • What is meant by the economic reality test? And the right to control test?

9. Flexible scheduling • Explain a flextime schedule. • What are core hours? • What is a compressed workweek?

10. Flexible scheduling • When is telecommuting appropriate? • What are some of the reasons employees find telecommuting beneficial? • What are some of the challenges of using telecommuting?

11. Pay and employee benefits for flexible employees • How can flexible scheduling negatively impact employee benefits? • What are working condition fringe benefits?