Minimum wage can be defined as the lowest salary that employers may legally pay for an employees work or service. Minimum wage was first enacted in 1938; this law was called the Fair Labor Standards Act. The Fair Labor Standards Act‚ or the FLSA‚ established minimum wage to ensure that the lowest-paid workers would still receive a sufficient amount of pay. Evidently‚ minimum wage has increased over the years‚ but some argue that the current minimum wage is still not enough. It can be debated whether
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Business Law and the Legal Environment: •chapter 40 ("Consumer Law") Then respond to the following points in your notebook: •What is the role of the FTC? •Describe prohibited sales activities under the FTC Act. •How is consumer credit regulated? •What is the Magnuson-Moss Warranty Act? •What government regulations apply to consumer product safety? Consumer Law-statutes that protect consumers from the unscrupulous. Federal Trade Commission (FTC)=Created by congress in 1915 to regulate
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It can work well within the workplace‚ but the system has barriers that can create issues with resolving disputes within it. Unions and management often are able to negotiate provisions peacefully in the labor agreement to allow such things as medical and dental insurance‚ shift differential pay‚ pensions‚ employee stock purchase or ownership plans‚ education tuition and child-care assistance‚ and even pre-paid legal services benefits. Unions often will even request such additional work rules that
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bonuses and vacations are common in many work places. Other examples include healthcare for the employee and possibly his/her family also‚ 401K‚ retirement‚ salary incentives‚ child care assistance and even time shares. Compensation does cost companies money but its effect on employees is worth the cost in the long run. Financial compensation can affect employees with financial gain that they typically would not be able to achieve without their hard work and the companies reward. This includes
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raises based off length of service whereas performance compensation regards pay and raises on performance. The introduction of week 6 suggests that Plastec current compensation philosophies are based off of performance and entitlement. Paul can use work related surveys to determine the competiveness of Plastec’s pay and compensation against other area employers. The pay data from these surveys can determine and rate both wages and benefits. In week 7 introduction‚ John conveyed to Paul that
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NAME _________________________ DATE________________ This exam has two (2) parts – multiple choice and short answer essay. Circle the correct answers (2 points each). 1) The methods used to give new or present employees the skills they need to perform their jobs are called ________. A) orientation B) training C) development D) appraisal 2) The first step in a training program is to ________. A) assess the program’s successes or failures B) design
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employees in exempt jobs are not covered by the overtime provision of the FLSA. "Exempt" is not a title‚ but a legal classification based largely on job content. Exempt staffs are compensated on a salary basis without deductions for quality or quantity of work‚ except as permitted under the FLSA. Employees in nonexempt jobs are covered by the overtime provisions in the FLSA and must be paid overtime at one and a half times the regular rate for all hours worked over 40 per pay period. Most problems occur
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extensive research in the Laws your company must comply with. As for this memo we present the following laws to pursue: Title VII of the Civil Rights Act of 1964- Title VII prohibits employment discrimination based on race‚ color‚ religion‚ sex and national origin. The Civil Rights Act of 1991 (Pub. L. 102-166) (CRA) and the Lily Ledbetter Fair Pay Act of 2009 (Pub. L. 111-2) amends several sections of Title VII. In addition‚ section 102 of the CRA (which is printed elsewhere in this publication) amends
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employee’s protection in the workplace. Equal Employment Opportunity Act of 1972‚ Family and Medical Leave Act of 1993 and Fair Credit Reporting Act are such laws. The economic changes have made retaining jobs difficult for workers. Globalization and technology has impacted organizations and now the expectations are to provide employment based on persons skills. Equal Employment Opportunity Act of 1972 Equal Employment Act of 1972 is and amended title of the Civil Rights of 1964. “Title VII
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policy is not fair to all; favoring the chances of a male getting a promotion over a female. According to the Berkeley Women’s Law Journal (2004)‚ Wal-Mart pays its employees about one-third less than what similarly unionized employees earn. Wal-Mart’s slogan is "Everyday low prices‚" and they accomplish this by keeping wages low and by suppressing any efforts made by unions to unionize Wal-Mart. In addition to paying low wages‚ some Wal-Mart stores allegedly violate the Federal Fair Labor Standards
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