Sphrphr - Study guides, Class notes & Summaries

HRCI: SPHR/PHR Exam 120 Questions with Verified Answers Davis-Bacon Act - CORRECT ANSWER Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - CORRECT ANSWER Applies if receiving federal funds for work or projects Walsh-Healey Act - CORRECT ANSWER Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Signifi...

Replacement Cost - The amount it would cost to replace an asset at current prices. It would include recruiting, hiring and training a totally new work force. Outlay Cost - Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - The measure of how well assets are being used to produce revenue. Self Nomination - If a company wants to promote employees to higher level positions from within , the best method of recruitment is ...

Davis-Bacon Act - Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - Applies if receiving federal funds for work or projects Walsh-Healey Act - Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Significance of the Walsh-Healey Act? - Must properly classify employees and track hours worked for nonexempt emp...

Davis-Bacon Act - Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - Applies if receiving federal funds for work or projects Walsh-Healey Act - Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Significance of the Walsh-Healey Act? - Must properly classify employees and track hours worked for nonexempt emp...