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The compensation issues will have been put to rest. As a human right policy, it means that every individual’s contribution to the national development is highly valued and that this valued contribution will be equitably compensated. Moreover, for workers in the same job family, there should never be a huge disparity in pay and compensation structure especially if workers are employed under the same skill qualification (Human Resources and Skills Development Canada).
In the second question, analysis established that there is a violation of Equity Pay Act on policy-capturing. This is so because studies on the over three hundred job families, there was a disparity on the point-factor in the study found out that there exists disparity in jobs with similar job content features. Such features include the level and span of supervision, education level, analytic reasoning and experience. These features clusters job families into similar compensable factors that will be used in determining point-factor pay by use of relevant weight factors. Irrespective of this methodology, it was found that there is a disparity in pay and compensation in female and race-dominated classes. This creates biases that violate the Pay Equity Act as there is no structure that sets the maintenance of such envisioned internal equity. Even after employment there is no quantitative evaluation system of the job tied to a unified wage structure that will guard against subjective inequity from occurring. These include promotion and wage increment as gender and race-based prejudices sets in and prevent upward mobility of women and workers from other minority races (Chen, 98).
Specifically, the law, Equity Pay Act 1963 prohibits any gender-based discrimination in a work establishment. This is so for men and women who are working on essentially similar skill and experience. Congress, in its wisdom, contemplated equity if the
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According to Julius, "it might be difficult to make the transition from employment to retirement". Exposure to inflation is their main threat being a retiree. Don Forbes, head of Associates/Armstrong & Quaile gave them an advice on how they are going to utilize their financial plans to protect themselves against any threats.
Organizations usually tend to report all such matters in the annual published reports and these annual reports include different types of financial statements, corporate governance reports and many other information. The financial statements and all the other information within the annual report is to be presented in a formal manner as prescribed by the global accounting bodies.
According to management theories, incentives, particularly financial incentives are the best way to improve employee contributions to the organization. Under salary incentive plans, employees are paid a fixed rate of compensation regardless of the organization’s sales volume
However good the profession is, it cannot last forever: the physical strain of the nursing profession, which keeps them always on their toes, does not allow them to work till their retirement age; thus, most of the nurses prefer to retire as early as at an average age of 45 (Blakeley & Ribeiro, 2008).
The paper "Healthcare inequality among older adults or senior citizens" highlights two ways to check whether there is social inequality. One is if there is inequality in conditions; the second one implies inequality in opportunities. The Americans should have a policy that will ensure all senior citizens will be given the secured retirement plan.
This is age discrimination and is against the law. It is against both federal law and state laws. The laws include incidents taking place regarding work –related situations, harassment and covers unfair practices in policies
The amount to be deposited per month will be $2500. That is the minimum amount that is accepted.
The portfolio will consist of bonds, options, and stocks. The choice of the investment in the portfolio has been determined by the level of risk associated with the
The availability of guidance to the pre-retirees at this stage is wanting. The liberation stage is marked by the first day of retirement. Also referred to as the honeymoon stage, it lasts for about a year (Schieber, 2012).
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