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Competive Strategies

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Assignment #3: Employment Laws and Strategy
HRM 530
Benita Ellis-Young
Feb 17, 2013
Prof. Kenneth Lewis

Employment Laws and Strategy

Describe the scenario that you have selected and its corresponding employment laws.
Benefit decreases for the entire employee population.
There are several laws that influence benefits in the state of Maryland. From the website www.md.gov, fringe benefits include minimum wage, overtime, meals and breaks, vacation, holidays, sick leave, jury duty, severance, medical/hospitalization coverage, dental coverage and pension and retirement plans. The laws for the state of Maryland do not require that employers offer all of these benefits. Employers are able to select which benefits they will offer. The required benefits are minimum wage, overtime, and meals and break times. All other benefits are at the discretion of the employer. Companies are not always able to offer a variety of benefits and may decrease the benefits being offered in order for the company to remain profitable. Economic hardships affect the organizations operations and cause employers to layoff, cutback, or shutdown.
Minimum wage for the state of Maryland is currently $7.25 and the Federal wage is also $7.25. Employers are obligated by law to pay at least the minimum wage. The state requires employers to pay overtime to employees that work 40 hours or more at a rate of 1 ½ times their normal salary. Salaried employees may be exempt. Employees under the age of 18 are required to have a 30 minute break for every 5 consecutive hours of work. Sick leave and vacation time are not a requirement of Maryland law paid or unpaid. Pension, medical and dental coverage is not a requirement.
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Employment Laws and Strategy
Severance pay is also not a requirement. If an employer chooses to provide employees with a severance package, there must be an established policy…...

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