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Human Resources · SHRM / PHR · Professional Certifications

SHRM Total Rewards and Risk Management

Compensation structures, benefits, workplace safety, FLSA and risk mitigation.

About this set

41 basic cards for SHRM / PHR Human Resources. It opens with "What is the current federal minimum wage under the FLSA?" and "Under FLSA, after how many hours of work in a workweek does overtime". More Professional Certifications decks are listed below.

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What is the current federal minimum wage under the FLSA?
Show answer$7.25 per hour
Under FLSA, after how many hours of work in a workweek does overtime compensation become required?
Show answer40 hours
What are the two main categories of FLSA employee classification?
Show answerExempt and non-exempt
Under FLSA, what is the standard overtime rate multiplier?
Show answer1.5 times the regular rate
What records must employers maintain under FLSA requirements?
Show answerAccurate records of hours worked and wages paid
Define market-rate compensation analysis.
Show answerThe process of researching what similar organizations pay for comparable roles
What compensation strategy combines multiple pay grades into fewer, broader ranges?
Show answerBroadbanding
What is base salary?
Show answerThe fixed annual or hourly wage paid to an employee
What does pay equity mean in HR practice?
Show answerEnsuring employees in similar roles with comparable responsibilities receive equal pay
What does vesting mean in a retirement plan?
Show answerThe point at which an employee gains ownership of employer contributions to the plan
What is a 401(k) plan?
Show answerAn employer-sponsored retirement savings plan allowing employees to make pre-tax contributions
What federal law provides temporary health insurance continuation when an employee loses their job?
Show answerCOBRA (Consolidated Omnibus Budget Reconciliation Act)
What does FMLA protect?
Show answerUnpaid, job-protected leave for qualifying medical and family reasons
What is total rewards?
Show answerA comprehensive compensation package including pay, benefits, career development and work environment
What does the OSHA General Duty Clause require?
Show answerEmployers must provide a workplace free from recognized hazards causing or likely to cause serious harm

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