Homework assignment 4 Nicole Long Bus 3
DISCUSSION QUESTIONS: AIG Bonuses and Executive
Salary Caps. (Pg. 21-22)
1. The United States has established a minimum wage law. Should there be a maximum wage law? Yes. Most CEO of corporations is getting paid outrageous amounts of money, while the average workers are left scrounging for scraps. I believe the CEO’s deserve a better salary than the average worker, but not an outrageous amount. People will always strive to make more money. However, the less cash wasted on people who don't need it like, the individuals who are currently making a very large paycheck and that cash can be spread among the common workers, it can be used to create new jobs in the business, or it can be applied to provide more health benefits for the employees.
2. What standards should be used to establish a fair wage? Are the standards for executives different from those for hourly workers? What factors determine what someone deserves for pay? Job satisfaction includes challenging work, interesting job assignments, reasonable rewards, competent supervision, and paying vocations. Workers desire compensation systems that they perceive as being equitable and adequate with their abilities and expectations. Employee compensation includes all types of pay and pays obtained by employees for the performance of their jobs. Direct reimbursement embraces worker wages and wages, incentives, bonuses, and charges. Indirect compensation comprises the numerous advantages supplied by businesses, and non-monetary reimbursement includes employee recognition programs, disbursing employments, and flexible work hours to accommodate individual needs.
3. Should salary be tied to results, such that an executive whose company loses money should earn less than an executive whose company makes a profit? The first few months of taking office, the Obama administration took steps to limit manager reimbursement at companies that accepted important government bailout money, encompassing the retirement packages of
Salary Caps. (Pg. 21-22)
1. The United States has established a minimum wage law. Should there be a maximum wage law? Yes. Most CEO of corporations is getting paid outrageous amounts of money, while the average workers are left scrounging for scraps. I believe the CEO’s deserve a better salary than the average worker, but not an outrageous amount. People will always strive to make more money. However, the less cash wasted on people who don't need it like, the individuals who are currently making a very large paycheck and that cash can be spread among the common workers, it can be used to create new jobs in the business, or it can be applied to provide more health benefits for the employees.
2. What standards should be used to establish a fair wage? Are the standards for executives different from those for hourly workers? What factors determine what someone deserves for pay? Job satisfaction includes challenging work, interesting job assignments, reasonable rewards, competent supervision, and paying vocations. Workers desire compensation systems that they perceive as being equitable and adequate with their abilities and expectations. Employee compensation includes all types of pay and pays obtained by employees for the performance of their jobs. Direct reimbursement embraces worker wages and wages, incentives, bonuses, and charges. Indirect compensation comprises the numerous advantages supplied by businesses, and non-monetary reimbursement includes employee recognition programs, disbursing employments, and flexible work hours to accommodate individual needs.
3. Should salary be tied to results, such that an executive whose company loses money should earn less than an executive whose company makes a profit? The first few months of taking office, the Obama administration took steps to limit manager reimbursement at companies that accepted important government bailout money, encompassing the retirement packages of