[Congressional Record Volume 147, Number 54 (Thursday, April 26, 2001)]
[House]
[Page H1608]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
REWARDING PERFORMANCE IN COMPENSATION ACT
(Mr. BALLENGER asked and was given permission to address the House
for 1 minute and to revise and extend his remarks.)
Mr. BALLENGER. Mr. Speaker, performance bonuses and gainsharing
programs are a way for employees to share in the success of a company
that they work for. Whether exempt or nonexempt, all employees should
have the same opportunity to receive bonuses for their hard work. For
many employers, the administrative costs associated with operating
bonus programs for their hourly employees often end up costing more
than actual bonuses. Because of this, current law virtually ensures
that employers exclude hourly workers from bonus programs.
Today, I am reintroducing The Rewarding Performance in Compensation
Act, which will help workers to share when their efforts that they have
produce gains for the company. This legislation would amend the Fair
Labor Standards Act to specify that an hourly employee's regular rate
of pay in calculating overtime would not be affected by additional
payments that reward employees who meet certain goals.
Simply put, this bill would give hourly nonexempt employees the same
access to bonuses that are exempt from professional employees that they
already receive, and I ask my colleagues to support The Rewarding
Performance in Compensation Act.
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