approximately 25‚000 employees and plan to increase your workforce by 20% in the new country‚ this law applies to your company. It requires that employers have terms including classification of workmen‚ working hours‚ leave‚ shift working‚ attendance‚ wages‚ productivity goals‚ and dismissal procedures‚ approved by a government body. If the employer do the wrongful exaction‚ employee could complaints back. All complaints arising out of employment including those relating to unfair treatment or wrongful
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Introduction Background of the study: * We are doing this assignment for completing the principals of management courses in the BBA department. * We are doing this report so that we can analysis the readymade garment (RMG) sector of Bangladesh and find out the problems and remedies of this sector. Objectives of the study: The main objectives of this report are * To gain knowledge about the industrial unrest in the readymade garments industry of Bangladesh. * To identify the problems
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Research Essay: Nickel and Dimed Looking at the state of low wage workers in America today‚ many are struggling to make ends meet and provide basic needs to themselves and their families. Is this a new situation or just a necessary part of the overall American economic structure? In her book‚ “Nickel and Dimed” (2001)‚ Barbara Ehrenreich steps out of her comfortable‚ middle class existence to find out how the people working in the lowest rung of America’s economy are getting by. Using her sarcasm
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income or other resources such as savings An unequal distribution of income and wealth may result in an unsatisfactory allocation of resources and can also lead to alienation and encourage crime with negative consequences for the rest of society The free-market system will not always respond to the needs and wants of people with insufficient economic votes to have any impact on market demand. What matters in a market based system is your effective demand for goods and services. Examples of inequality/poverty:
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Chapter 1 COMPENSATION & BENEFITS Books for reference • George T Milkovich‚ Jerry M Newman‚ C S Venkataratnam. Compensaton‚ Tata McGraw - Hill Educaton‚ 9th editon‚ 2009 • Dewakar Goel. Performance Appraisal And Compensaton Management: A Modern Approach‚ PHI‚ 2nd editon‚ 2012 • Compensaton & reward management by B.D singh. Module coverage • Module 1: Compensaton – an overview ( 5 hours) • Objectve of compensaton - External influences
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Operating Expenses * Monthly rent * Utilities (electricity‚ water‚ telephone‚ gas) * Manpower (wages) Manpower and Equipments The list below outlines the basic skeletal force for operation. * 3 General Managers * 1 Cashier * 1 Officer-in-Charge (minimum wage) * 1 Driver/Helper (can act as Checker) (minimum wage) * 2 Helper (can act as Checker) (allowance+free board) Basic office equipment and furniture consisting of 2 sets of tables and chairs‚ calculator‚ adding
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American Capitalism is not like the typical pure capitalist economy. It is actually a mixed economy. The economy is mixed with Socialism and Capitalism. The general meaning of Socialism is “a political and economic theory of social organization that advocates that the means of production‚ distribution‚ and exchange should be owned or regulated by the community as a whole.” Capitalism is “an economic and political system in which a country’s trade and industry are controlled by private owners for
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part of the Chinese state (Jenkins‚ 2008). This merger between Hong Kong and Mainland China led to the passing of the Closer Economic Partnership Agreement in 2003. This agreement allowed imports of Hong Kong origin to enter into Mainland China tariff free‚ as well as vice versa (Commerce People ’s‚ 2003). The strategy to closer align Hong Kong to Mainland China has been a huge boon for both nations. Another method used to promote economic growth is keeping too much government intervention out of the
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hoping to avoid any future economic downturns‚ the government would accomplish this with paying higher wages that the employer could afford and employees could provide for their families. The History of the Fair Labor Standards Act The Fair Labor Standards Act (FLSA) is administered by the United States Department of Labor Wage and Hour Division. The Act regulates child labor‚ wages‚ and hours‚ it also requires employers to keep proper records and which to maintain (Bennett Alexander
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on this section. Use the data to support your answers where relevant. You may annotate and include diagrams in your answers. 1 Statement 1: The government should increase the national minimum wage to reduce inequality. Statement 2: A significant increase in the national minimum wage above the market equilibrium wage is likely to cause unemployment. Which of the following best describes the two statements above? A Statement 1 is normative and statement 2 is positive. B Both statements are normative
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