Compensation Structure - May 2022 Tutorial | MBTN Academy - Online Learning Tutorials, Problem Sets, and Certifications for Business Education
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Compensation Structure – May 2022 Tutorial

May’s free MBTN tutorial is HR3: Compensation Structure. This month’s tutorial covers some basic compensation information that all small businesspeople should know before hiring their first employee. You may read through the content, try out the sample problems, and hopefully, learn a thing or two about the US laws regarding compensation, including:

  • What is the Legal Difference between Salaried and Hourly Employees?
  • What does Exempt and Non-Exempt Status Mean?
  • How to Calculate Overtime and Sick Time Compensation for Different Employee Categories
  • The Definitions of Commissions, Tips, Bonuses, and Draw
  • The Fair Labor Standards Act (FLSA)

Remember, our modules also include problem sets to give you additional practice and feedback about these concepts.

Although the link has expired, look for this month’s tutorial on our blog and you may find the following additional resources helpful for covering other HR and business topics:

Academic Brochure for HR Modules

Entrepreneurship Bundle – includes HR3 as well as other modules appropriate for Entrepreneurs and Small Businesses ($29.95)

MBTN All Modules and Certifications ($99.95)

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