Workers' compensation

When you compare executive compensation to household income, you noticed executive pay is not tied to performance, the average executive pay keep going up with no penalize from the board. “In the United States, the pay of CEOs at publicly traded companies went down in real terms by 46% between 2000 and 2011, although it bounced back—as did corporate profits—in 2012, while still remaining well below the 2000 level.” (Vanessa Sumo and Hal Weitzman, 2013). CEO dishonesty behavior widespread and…

In 2003, the average compensation of CEOs of largest U.S. companies is $8 million which is 301 times as much as factory workers. (Moriarty 257) This is one of the universal issues that whether high CEO compensations are giving rising economic inequalities draws growing concern. My argument is that high CEO compensations given rising economic inequalities are unjustified because high CEO pays are unfair per se and the non-comparative inequality that workers get should be solved (they worth more…

have fewer people out on the streets. While reading Ralph Nader’s article on why we should raise the minimum wage I realized he never mentioned the consequences of said action. The cons of raising the minimum wage are layoffs: if an employer’s compensation has a tight budget and the minimum wage rate is raised, it means that they can’t compensate the same number of employees at a higher rate, and must let people go to keep within budget. “So,…

underemployment is when operatives ' position doesn’t utilize all their proficiencies, edification, or availability for employment. There are two categories of underemployment: visible and invisible. (Amadeo, K., 2016) Visible underemployment consists of workers which are employed less hours than is characteristic in their discipline; they are enthusiastic and capable of working additional hours, however they are unable to obtain permanent employment. (Amadeo, K., 2016) Whereas, Invisible…

aiming to increase its market share by 5% with the help of Simpsons. Both companies need a revised compensation system that supports its business goals. Currently, both companies are paying employees a wage rate that is below the minimum wage in Canada. The base pay for employees in non-technical jobs in both companies should start at $10.30 which is the current minimum hourly wage rate for adult workers. That is however the bare minimum as stated in the Employment Standards Act. International…

they offer Seniority pay and employee benefit for all their employees. The employees also get Section 401(k) Plan and the associates stock purchase plan through their hard work for the company. West Marine compensation strategy, goals and objectives to ensure that the company’s compensation program attract and retain high performing employees, align the interests of the company’s employees with the interests of its Stockholders, Designed to encourage high performances and are appropriately…

The chairman of the Executive Compensation Committee is Howard Bigger, Sam Bigger’s son. Having family connections, Howard is considered an insider and shouldn’t be allowed on the committee. Betty Moneymaker should not be on the committee either. She is also an insider because she represents the company’s investment banker. The Governance and Nominations Committee normally sets the fees for the directors and the salary of the non-employee chairman. Since Sam Bigger was also the chair of the…

on January 1, 2014. The Domestic Worker Bill of Rights (DWBR) was passed as law and it overturned the exemption from overtime pay for all “personal attendants.” What is a personal attendant? A personal attendant includes caregivers, nannies, housekeepers, babysitters and other domestic workers who provide their services in private households. The law is primarily directed at workers that provide personal care as 80% or more of their duties. This group of workers has been subjected to lengthy…

entire workforce." Wages of unionized workers are raised by roughly 20%. This also helps raise compensation, which includes wages and benefits by 28 % (Mishel and Walter 1). Not only are labor unions great for the economy, but they are also very popular. Labor unions benefit all union workers by helping to regulate and enforce overtime pay, workers compensation, unemployment insurance, and minimum wage. Unions play a crucial role in protecting unionized workers safety rights. There are multiple…

Walmart is not good for America because they don’t treat their workers well, they offshore secondary jobs to china, they destroy other retail businesses who can 't compete with them, and they cause suppliers to lose money and possibly declare bankruptcy because of Walmart 's demand for such low prices. Walmart’s employment practices are no secret. Part of the reason why they can sell goods at such low prices is because they don’t pay their average employee well. This is described in the…