Answer the following statement(s) true (T) or false (F)

1. Websites with salary data are very accurate at giving the market rate of most jobs.
2. Employers of nonexempt employees must pay them at least minimum wage, pay overtime of one and one-half base pay rate for every hour worked in 1 week in excess of 40 hours, keep track of hours worked, and file reports with the U.S. Labor Department demonstrating compliance.
3. Compensation data is collected in house for benchmarking.
4. Web-based services can offer decision support to employees deciding what levels of coverage to sign up for.
5. A perquisite is a reward based on job status (e.g. preferential parking).


1. False
2. True
3. False
4. True
5. True

Business

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