The Walsh-Healy Public Contracts Act of 1936:
A) permits a lower "training wage," which employers may pay to workers under the age of 20 for a period of up to 90 days.
B) requires that employers pay higher wages for overtime, defined as hours worked beyond 40 hours per week.
C) covers construction contractors that receive more than $2,000 in federal money.
D) requires general contractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the wage rates found prevailing in the locality.
E) covers all government contractors receiving $10,000 or more in federal funds.

Question

Quizplus · Accepted Answer

An organization may gain an advantage by paying above the market rate if it uses the higher pay as one means to attract top talent and then uses these excellent employees' knowledge to be more innovative, produce higher quality, or work more efficiently. This approach is based on the view of employees as resources. Higher pay may be an investment in superior human resources.