Employment compensation

that Puerto Rico must follow Federal labor laws, which include a mandated minimum-wage. While this is not, on the face of it, a bad thing, what it does is put the territory’s employers in an awkward spot insofar as those that might otherwise gain employment choose not to do so. For example, a worker making minimum wage (a rate which is itself eight times higher than within the states) would stand to earn $1159 per month, but because of a variety of means-of-assistance (including subsidies for…

Compensation is a method used to balance a fiscal budget and attract, develop, retain and reward high performing staff through wages. Company leaders use compensation to make sure that each employee has objectives supporting personal development while staying aligned with team and company direction. The company wants to ensure the employees have a clear understanding of these objectives and how they are doing against them so they can adjust immediately if necessary. Leaders must find the best…

In addition to legally mandated benefits, Lowe’s also offers employees a broad range of additional, voluntary benefits. Some benefits are essential for attracting high-quality staff while others provide cost-saving benefits to employees to encourage staff retention (Lowe’s Companies Inc, 2015b). As essential benefits, Lowe’s offers paid vacation, holidays, and sick leave to all employees. Vacation benefits range from ten vacation days for new, full-time employees to twenty vacation days for…

Despite the numerous advances occurring yearly in the 21st Century, we as a society have yet to come up with a way to resolve the issues of pay equity and pay equality that seems to plague today’s work landscape. One would think the Equal Pay Act would have remedied these issues but it has not. The law afforded the opportunities for individuals who work in the same job that uses the same or equal skill, effort and responsibility, which are performed in the same work environment equal pay. This…

called sales commission, that’s offers a percentage of sales dollars or gross profit margin. The second major type of individual level pay for performance plan called variable pay provides performance-related compensation that does not permanently increase base pay and requires the compensation to be re-earned to be acquired again. Although both piece-rate and sales commission…

Mazni & Roziah (2011), as quoted in Chirasha and Mahapa (2012), argue that the annual cost of workplace production and property deviance on America’s economy amount to around; , Apart from impacting negatively on a country’s economy, workplace deviance lead to serious negative repercussions on organisational total output and on the moral and motivation of both the employees exerting the deviant behaviour and their co-workers. Therefore workplace deviance is a phenomenon which shall not be…

Creating jobs and increasing our minimum wage we can logically deduct that it will lend a hand to a more robust economy as people will have the monies they need to purchase products, services, etc. This enhanced purchasing position allows companies to create more products/product lines and offer more services to meet the demand. This is simple economics. If you create a widget and no one can afford to purchase the widget, the widget need not exist. Consider a great American icon; Henry Ford’s…

The "American dream": two words used to sum up all of the dreams in America into something simple. It usually consists of living a life having good health, wealth, love and happiness. But everyone's dream is different; we all have different goals, and we all pursue different things. Some people want to be doctors, some want to be engineers, and some just want to change the world for the better, but lately the Dream has been eluding most Americans. It used to be possible for all Americans to…

Following months of heated debates and deliberations, George Osborne had announced that the new, mandatory national living wage would be enforced as from April 2016 (Personnel Today,2016). The living wage law requires all employers to pay a statutory wage of £7.20 an hour to all workers aged 25 years or above (HM Government). According to Bennett (2014) and Clary (2009), the living wage is the level of income that an individual must earn to cover the basic costs of living and to maintain a safe…

Other factors which make wages unequal are economic and social factors. Milia Fisher enlightened her readers about the racial profiling of jobs and in her article, “Women of Color and the Gender Wage Gap.” Women of color (African-American and Hispanic/Latina women) are more likely to work occupations such as service sectors, while Caucasian women and Asian Americans are least likely (Fisher). Women are heavily directed toward occupations such as teaching and assisting. In addition, Fisher stated…