MGT 4543 Compensation Management CHAPTER 12 COMPENSATING THE

MGT 4543: Compensation Management CHAPTER 12: COMPENSATING THE FLEXIBLE WORKFORCE

THE CONTINGENT WORKFORCE What are some of the reasons that the contingent workforce has grown? Describe core employees. Describe contingent workers.

4 GROUPS OF CONTINGENT WORKERS Part-time employee Temporary and on-call employees Leased employee arrangements Independent contractors

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?

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?

THE CONTINGENT WORKFORCE Explain leased employee agreements. What are other terms for independent contactors? What type of skill set do they typically have?

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?

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?

FLEXIBLE SCHEDULING Explain a flextime schedule. What are core hours? What is a compressed workweek?

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?

PAY AND EMPLOYEE BENEFITS FOR FLEXIBLE EMPLOYEES How can flexible scheduling negatively impact employee benefits? What are working condition fringe benefits?