An Employer Would Not Enter into an Employment Agreement to

question 24

Multiple Choice

An employer would not enter into an employment agreement to

• A) be assured of retaining the services of the employee for a specified period of time.
• B) restrict the employee from bringing his or her knowledge to the competition, at least for a reasonable amount of time.
• C) protect the employer's trade secrets and confidentiality.
• D) use the employment agreement to compel an employee to continue employment against his or her will.

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Definitions:

Compa-ratio

is a metric that compares an individual's salary to the midpoint of a salary range for their position, offering insight into relative pay positioning.

Fair Labor Standards Act

A United States law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week.

Exempt Employees

Workers who are exempt from the Fair Labor Standards Act (FLSA) overtime pay requirements usually due to their job duties and salary.

Skill-based Pay Systems

Compensation structures that determine employee pay based on their skills, knowledge, and abilities rather than their job title or position.