CSP Compensation & Benefits Administration Flashcards
6 cards from real CSP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CSP Compensation & Benefits Administration flashcards as text
Under the Fair Labor Standards Act (FLSA), what is the federal minimum wage as of 2024?
Answer: $7.25 per hour
The federal minimum wage under the FLSA is $7.25 per hour, though many states have set higher minimums.
Which classification determines whether a staffing employee is entitled to overtime pay under the FLSA?
Answer: Exempt vs. non-exempt status
Exempt employees are not entitled to FLSA overtime protections, while non-exempt employees must receive 1.5x their regular pay for hours over 40 per week.
When a staffing agency places a worker at a client site, who is generally responsible for paying the employee's wages?
Answer: The staffing agency
The staffing agency is the employer of record and is primarily responsible for paying wages, taxes, and benefits to placed workers.
What does the term 'bill rate' refer to in staffing compensation?
Answer: The hourly amount charged to the client
The bill rate is the hourly or per-unit charge invoiced to the client, which includes the pay rate plus the agency's markup for overhead and profit.
Which law requires staffing firms to provide continuation of health coverage to eligible employees after a qualifying event?
Answer: COBRA
COBRA (Consolidated Omnibus Budget Reconciliation Act) requires employers with 20+ employees to offer continued health coverage after qualifying events like job loss.
What is 'co-employment' in the context of staffing agency compensation obligations?
Answer: A shared employer relationship where both agency and client bear certain employment duties
Co-employment occurs when both the staffing agency and the client company share employer responsibilities, such as supervision, benefits, and wage compliance.