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Wage Essay Topics & Paper Examples

Why Has Taiwan Been More Successful Using Export

During the past many less developed countries sought development strategies to improve the standard of living and reduce poverty however sum countries were more successful then others. Examples of this are Taiwan and Jamaica who both pursued export-oriented strategies, which involved an outward-looking approach. Paul P. Streeten a professor from Boston University said outward looking policies “encourage not only free trade but also the free movement of capital, workers enterprises … the multinational enterprise, and an open system for communications.” Therefore export-oriented strategies will involve opening up to free trade and embracing the world market, which may entail removing trade barriers and price distortions. Countries will be benefit from the competition, becoming more efficient and in turn promote economic growth….

Pmc Case Answers

1) List the important facts in the case. SAS Pvt Ltd is a rapidly growing software firm in IT industry. Employee compensation package is one of the major factors which help SAS to maintain its employee loyalty. They facilitate activities like game, sports, yoga etc, which helps the employee to feel more relaxed in their workplace. Both mental and physical strength is necessary for deliver a better result. Activities offered by company helps the employee to balance both work life and family life together. Working hours of company is scheduled in such a way that to ensure the employee work life balance. Company following a relaxed culture which avoid stress and tension which is the major problem which is seen…

How to Set a Workplace Vacation Policy

A guide to structuring a vacation policy that sets the tone for your benefits package and keeps employees happy and motivated – not to mention gives your company a competitive edge. Deciding what sort of vacation policy you want your company to have is an important step for any business owner in creating a comprehensive employee benefits package. Whether you want to create a system of rewards, or you are just trying to create a set of guidelines for time off, there are several ways that establishing a vacation policy can help contribute to your business functioning smoothly. The following guide will highlight the various options available for creating or improving a vacation policy. How to Set a Workplace Vacation…

Inadequate Compensation

“Compensation for most positions is far below the market average for our region, no annual increases in the last 4 years.” Salary.com’s survey results show that inadequate compensation is by far the number one reason that dissatisfied employees want to leave their job. It has been proven time and again that fair pay practices benefit not only the employee, but also the employer (by reducing unwanted and unanticipated turnover costs). Employees who are paid competitively, relative to their specific market, are generally much happier. One way to find out if you are being paid what you are worth is to use Salary.com’s salary negotiation tool, the Personal Salary Report. The Personal Salary Report will help you determine your value based…

According to the US Department of Labor

* The time employees spend in meetings, lectures, or training is considered hours worked and must be paid, unless attendance is outside regular working hours, the attendance is voluntary, the course, lecture, or meeting is not job related or the employee does not perform any productive work during. attendance. * If employees on their own initiative attend an independent school, college, or independent trade school after hours, the time is not hours worked for their employer even if the courses are related to their jobs http://www.dol.gov/overtime Based on the above considerations, the employee has no potential FLSA claim because the overtime he is claiming is not required by the company to perform his physical tests. He can stay fit and…

The Persistence Of The Sweatshops

Sweatshops are known to be a mass of workers mass-producing goods they may never be able to afford themselves. The sweatshop rose to meaning as work moved off the farm and into the city, and employers found a limitless amount of so called labourers to make their products. The low entry costs and high labour intensity linked with the textile industry tended to concentrate sweatshops in clothing production. As industrialization grew, labour markets tightened and workplace regulations strengthened, pushing the sweatshop out of the mainstream of the economy for the time being. The dominance of free trade and globalization in the late 20th century has led to the rebirth of the sweatshop, in developing and developed nations. With approval and…

Employment Labor and Anti-Discrimination Law

You are an employee at a nice paper mill and want to impress the boss by burning the midnight oil (cut not too close to the wood pulp). For four consecutive weeks, you work forty-five, forty-two, thirty-nine, and thirty-one hours. If you are a nonexempt employee covered by the Fair Labor Standards Act, how many hours of overtime pay, if any, would you be entitled to? What would be the rate? Fair Labor Standards Act Fair Labor Standards Act (FLSA) of 1938 is concerned with child labor, maximum hours, minimum wages, and overtime provisions. Overtime An employee who works more than forty hours over week must be paid 1.5 times his or her regular pay rate for all hours over…

Trade Unions

Explain analytically how trade unions can influence firm performance. How best should employers deal with trade unions? Introduction A trade union is an organisation of workers who have come together to achieve common goals such as increasing pay, increasing the number of employees which an employer hires, and improving working conditions. The trade union bargains with employers on behalf of all its members and negotiates labour contracts; the most common purpose of a union is to maintain or improve employment conditions. There is the difficulty of measuring performance however this paper will only look to examine the effect of trade unions on a firms performance in economic and productivity terms. We will then look to analyse the different methods used…

The American Dream No Longer Exists

What is the American Dream? I’ve heard it as the “land of opportunity” but I am unsure of what America is really called today. The American dream is to have the freedom, the opportunities to be independent and financial success. In today’s society due to the reduction of opportunities given to Americans it is difficult to move up the economic ladder to attain a person’s dream. Of course, many will probably disagree with this assertion that the American dream is unattainable. On the other hand, if we all don’t have equal opportunities than everyone’s perception is misled. If Americans don’t have money we feel we can’t accomplish things in our lives. Equal opportunities is said to be that no matter…

Labor Relations and Collective Bargaining

Are 2-tier wage systems fair and justified?” Provide supporting data to justify your response. The two tier wage system is usually established by management and sometimes in agreement with a union for three main reasons. The first reason being that the employer wants to pay senior, experienced and productive worker more without increasing overall wage cost. The second reason for the implementation of this system is so that the employer can establish a merit wage scheme that compensates employees without increasing overall costs. The last reason could be that the employer wants to reduce overall cost by hiring new employees at a lower wage than incumbent workers. Unions usually agree to this type of wage system as a tactic that…

Employment and Line Management

•1.1 Communication is a vital thing in the workshop, it is very important so that jobs are done productively and correctly. If the communication in the workshop was poor mistakes would Begin to take place and accidents could occur. •1.2 The different methods of communication to the line management and colleagues are by talking to one another, team meetings, by telephone and even letters. In busy circumstances its best to use the telephone as its time efficient instead of wondering around searching for people. •1.3 The different methods of communication to my and colleagues are by talking to one another, team meetings, by telephone, letters and even hand signals. These are all helpful in different circumstances such as when its…

Employment Rights and Responsabilities

1.1 The aspects of employment covered by law are: health and safety(1974), disability discrimination act(1995 amended in 2005), the day care and child minding regulations(2003), Data protection act, sex discrimination act(1975 amended in 1986), the race relations act (1976 amended 2000 and regulations 2003), equal pay act(1970,1983,2010), working time directive and working time regulations (1998), national minimum wage act(1998) and the employments rights act (as amended by the employment regulations act (1999 and he employment act 2002 and 2008). 1.2 HEALTH AND SAFETY (1974): It is your employer’s duty to make sure that you are protected from any risks and dangers which could occur in your work place. DISABILITY DISCRIMINATION ACT(1995,2005): Provides legal rights for disabled people in areas such…

Effect of Minimum Wage and Why Wage Differential Does Not Persist

Discussing arguments in favour and against minimising wage. Just like any other commodity market, the labour market consists of the interaction of the demand side (employers/job creators) and the supply side (employees/job seekers). The interaction settles at a market wage rate that both sides of the labour market agree to work with i. e. the equilibrium wage. There are times that the government or an intervening regulatory party assess that the agreed upon wage rate is too low for workers to earn and sets up a regulation/law to quote the market wage rate to be above the agreed upon market equilibrium wage rate that all market players must abide to. This increase in wage rate is known as minimum wage…

The Comparative Scenario of Bangladesh & Usa Labor Law

Executive Summary Simply, labor refers a physical work and laborer refers a people, who involves with physical work. However, in labor law, Labor means any work done by a person employed in any establishment or industry either directly or through a contract to do any skilled, unskilled, manual, technical work for wages , but does not include the work done in managerial or administrative sector. Law is a set of rules enforced by the sovereign political authority and recognized by the states people for the welfare of states people & their rights. The Bangladesh labor code, an act(Act no.42: 11st October 2006) to consolidate and amend the laws relating to employment of workers, relation between workers and employers, determination of…

A Pay Model and Defining Internal Alignment

The pay model shown in Exhibit 1.5 serves as both a framework for examining current pay systems and a guide for most of this book. It contains three basic building blocks (1) the compensation objectives, (2) the policies that form the foundation of the compensation system and (3) the techniques that make up the compensation system. Compensation Objective Pay system translate the strategy into practice in order to achieve certain objectives. The basic objectives, shown at the right side of the model, include efficiency, fairness, and compliance with laws and regulations. Efficiency can be stated more specifically: (1) improving performance, increasing quality, delighting customers and stockholders, and (2) controlling labor costs. Compensation objectives at Medtronic and AES are contrasted in…

Boring but Paid Well Job

Would you take a really boring job if it paid well? Or are you the type of person to stay in a job that stimulates you even if the money is bad? Many people face dilemma when they choose their jobs: what they really want are high salaries. If one chooses what one really wants, one can be happy with a job but how much one earns from a job cannot be ignored either. However, given a choice between those two, I would definitely lean more towards whether I am happy with my job than having a high salary since happiness cannot be gained by money and satisfaction with a job that brings even more success. To my opinion job…

Aspiring to Work at a Hospital

From childhood, people dream and wish about whom and where they want to be when they grow up. Now that I’m attaining my associates in health information technology, those dreams are closer than ever before. Once you are this close, the next question is, “What kind of workplace would I like to find myself in after graduation?” My definite choice would be in a hospital. Since there are several positions available with this degree, there are two aspects that influenced my decision on selecting this workplace. The two aspects are benefits and potential for growth. In today’s day and time many people make career decisions based on the benefits that they can receive from a specific job. Since I’m a…

Personal Reflection Paper (Architect)

An architect is someone who is trained and educated in the planning, design , and supervision of the construction of buildings. They are involved in a variety of different things. Such as, designing houses, churches, schools, airport terminals, offices, apartments, bridges, etc. Their job includes far more than the building’s looks. They must also make sure that the buildings are strong and safe enough for people to use them. Therefore, architects must have a license before they can perform their job. In order to obtain this license , they must have a degree in architecture, must finish an internship, and finally pass all sections of the Architect Registration Exam. The average yearly wages for architects range around $75,000. They usually…

Taxation Law Assignment 2012

Emma’s annual salary of $150,000 per annum is assessed based on s6-5(1) ITAA97, which states her AI includes income according to ordinary income (OI) concept. In Scott v Commissioner of Taxation (1935), the court’s definition of income is reflective of what majority of public would consider income, such as salaries. Emma’s annual salary does constitute for OI and is thereby AI. However, since Emma has arranged for 10% of her salary to be directed to her sister, we consider whether there is an implication on the full amount of her salary being AI. According to the constructive receipt rule, s6-5(4) ITAA97, even though Emma is not the recipient of that 10% of her salary, she is deemed to have also…

Employment Rights Act

1. Know the statutory responsibilities and rights of employees and employers within own area of work. 1.1 List the aspects of employment covered by law Here is a list of the aspects of employment covered by law; minimum wage, discrimination, health and safety, holiday entitlements, redundancy, dismissal, training, disciplinary procedures, union rights and consultation, maternity rights, protected disclosures, working time regulations, particulars of employments. Working hours and holiday entitlements, Sickness absence and sick pay, Anti – discrimination provisions, Data protection, Relevant equalities legislation. 1.2 List the main features of current employment legislation is : – Health and Safety Act 1974 – Equality Act 2010 – Date Protection Act 1998 – Employment Rights Act 1996 – Part Time Workers Regulations Act…

Human Rights of an Employee

1. Employee An employee contributes labor and expertise to an endeavor of an employer and is usually hired to perform specific duties which are packaged into a job. In most modern economies, the term “employee” refers to a specific defined relationship between an individual and a corporation, which differs from those of customer or client. Other types of employment are arrangements such as indenturing which is now highly unusual in developed nations but still happens elsewhere. 2. Employer-worker relationship An employer’s level of power over its workers is dependent upon numerous factors, the most influential being the nature of the contractual relationship between the two. This relationship is affected by three significant factors: interests, control and motivation. It is generally…

Problems of the Bangladesh Ready Made Garment sector

In recent time it is argued that the crisis in the Ready Made Garment (RMG) sector is not only limited to the wages and allowances of the workers. Productions and exports of the factories have decreased and the price of the apparels is decreasing in the international market. The owners of this industry allege that, the supply of gas and electricity is not continuous, because of which they are to use generators to keep the production process of the factories uninterrupted, resulting in the increasing cost of productions. But it is urgent to reduce the cost of production to comply with the foreign buyers’ demand and the competitive international price. Moreover, serious and untoward incidents in the form of chaos…

City and Guilds Level

=Understanding employment responsibilities and rights in health, social care or children’s and young people’s setting. Task A AiImagine you are a newly appointed supervisor/manager within your service. You need to updaste your staff handbook to reflect current employment law. Identify three different sources of information you could use to enable you to do this. •Internet •Policies and Procedures •Handbooks AiiOnce you have identified a reliable source of information: a)List three aspects of employment covered by law. •Equal Pay Act 1970 •Health and Safety Act 1974 •Data Protection Act 1998 b)List three main features of current employment legislation. •Employment Rights •Equalities and Discrimination Law •Healthy and Safety at Work AiiiBriefly outline why employment law exists. To protect employers and employees from…

Intel vs Arm Case

DECISION SUMMARY Should JBT buy Key Technologies’ sorter division for $50 Million? To answer this question, our team conducted an examination of the value the division will provide to both your company and your customers, and the effects the purchase will have on your company’s financials and yearly marketing goals. After analyzing these factors, we recommend that JBT should move forward with this purchase. DISCUSSION Value Added to Customers. The proposed acquisition of the sorting division provides JBT customers with an enhanced portfolio of products they can purchase and have serviced from a single source. Also, food processors with employee wage rates greater than $4,081 per annum benefit from purchasing a sorter by the efficiencies gained in reducing manpower on…

Overtime vs Hiring: A Case Study

Abstract This report aims to address the debate over whether it is more beneficial to hire new employees when faced with shortages, or cover the shifts with overtime. The issue is examined from the viewpoint of Columbia University’s Department of Public Safety, and takes into account factors and costs as found therein. This report includes a graphical comparison of the costs associated with each option, and analyses and discusses the greater expense of hiring. One of the most debated topics in management is whether it is more beneficial to hire new employees or pay overtime to increase production or coverage. Many factors go into this decision, including benefits, duration of the period of extra work needed, and even type of…

Balancing Family & Work Life

I. Introduction A. Thesis Statement Attending school as an adult, and maintaining a source of employment can be a daunting task, as many adults who had to delay their college education must know. One of the most challenging aspects of adult life consists of learning how to adjust accordingly to the rigors of life at home as well as the workplace. Failure to do so can lead to a life of complete disarray, stress, illness and exhaustion. II. Body Paragraph #1 – Topic Sentence #1 Traditionally the typical age group for freshmen in college was between 18 to 19 years of age. That reality has slowly changed as more young adults are finding their way back in the classroom, while…

Pros and Cons of Minimum Wage

The vast majority of economists believe the minimum wage law costs the economy thousands of jobs. The most fundamental principle of economics is ‘supply and demand’. In the case of labor, this means that the supply of workers goes up as wage goes up, and the demand for workers by employers goes down as the wage goes up. For example, imagine a janitorial job was advertised for hire. If the wage were $100 per hour, thousands of people would want the job. If the wage were $1 per hour, you probably wouldn’t find anyone to do it. So if the government forced the employer to pay at least $7 per hour, the employer might decide not to hire a janitor…

Whole Foods Compensation

To give you an idea of the hourly rates per position at Whole Foods, here is a short list: Cashier-hourly-$10.36, Team Member-hourly-$10.85, Prepared Foods Team member-hourly-$10.85, Customer Service-hourly-$10.31, Grocery Team Member-hourly-$11.39, Team Leader-hourly-$11.39, Team Leader-hourly-$22.45, Produce Team Member-hourly-$11.18, Associate Team Leader-hourly-$17.17, Buyer-hourly-$13.56, Bakery Team Leader-hourly-$11.41, Specialty/Wine Team Leader-hourly-$11.52, Customer Service Supervisor-hourly-$13.43, Prepared Cook-hourly-$12.50, Front End Supervisor-hourly-$14.41, Associate Store Team Leader-annually-$60,171, Team Leader-annually-$55,914, Seafood Team Member-hourly-$11.03, Buyer/Specialist-hourly-$14.56, Demo Specialist-hourly-$13.08, and Prepared Foods Supervisor-hourly-$13.78. These are the main positions in the store and along with their wages listed. Employees up and down the food chain at this natural foods market have benefitted from its rapid growth. The stock has tripled in the past three years, and even part-timers are eligible for stock…

Fringe Benefits

1.What do you mean by fringe benefits? Give any two examples? Ans. A Different offers a company groups together for an employee are collectively known as a fringe benefits packages. B An employment benefit given in addition to one’s wages or salary, or Benefits, other than wages or salary, provided by an employer for employees Any nonwage payment or benefit granted to employees by employers. C A payment to a worker in addition to salary or wages. It may take the form of cash, goods, or services, and may include such items as health insurance, pension plans, vacation time, disability income and paid vacations. D It it the Compensation provided by the employer to the employee at no charge that…

Impact of Minimum Wage on Unemployement

“We cannot unambiguously conclude that a minimum wage increase will increase unemployment levels”. Discuss. The essay is outline as follows. Firstly, I would define some of the key terms. Secondly, I would outline the reasons for the statement. Lastly, I would provide the concluding remarks. Unemployment is when those members of the labour force who are willing and able to work cannot find a job. Minimum Wage In a perfectly competitive labour market, the equilibrium wage should be W1, where labour supply = labour demand. Wages are artificially altered when the price floor is imposed. An increase in the wage rate encourages the economically inactive to enter the labour market, causing an expansion in the supply of labour. The minimum…