PHR Study Guide 2026

Hospitalizations, amputations, and eye losses must be reported within 24 hours.

Lewin's model describes unfreezing the status quo, making the change, then refreezing the new state.

Exempt employees are "conditionally excluded from" the Fair Labor Standards Act (FLSA) minimum wage and overtime pay requirements. This means they are not automatically excluded; rather, they must meet specific criteria related to their job duties (e.g., executive, administrative, professional) and typically be paid on a salary basis above a certain threshold. If these conditions are not met, they are considered non-exempt and are covered by FLSA provisions.

In a defined contribution plan, contributions are defined but the final benefit depends on investment performance.

Stock options grant the right to purchase shares at a set exercise price after vesting.

Salary surveys help organizations benchmark their pay against the external labor market.