quora
Nobody downloaded yet

Rationale for workers compensation - Essay Example

Comments (0) Cite this document
Summary
It assists employees to be compensated without the employer having to undergo a court process. The rationale for workers compensation has…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Rationale for workers compensation
Read TextPreview

Extract of sample
"Rationale for workers compensation"

Download file to see previous pages One of the objectives of workers compensation is prevention of accidents. The theory underlying in this is that employers will invest in accident- prevention programs to hold down compensation costs. Lower insurance premiums come as payoff to employers resulting to fewer accidents. Another objective is allocation of costs whereby cost allocation is spread cost of workers’ compensation appropriately and proportionately ranging from the most to the least hazardous. Replacement of income for the injured employees is another objective for workers compensation whereby it replaces the lost income due to injuries occurred during the job. Rehabilitation of the injured employee is the last objective of workers compensation
It is difficult to make generalizations of who is in workers compensation. Eighty percent of the work force in America is covered, but those who are not covered are categorized as the general agricultural employees, domestic employees, casual employees, hazardous work employees, religious employees, employees of a small organization, maritime employees, contractors, minors and extraterritorial employees.
Workers compensation help prevents future accidents by limiting stress-related claims, streamlining administration of the system and limiting vocational rehabilitation benefits (Wickert, 2012). In summary, workers compensation is here to benefit both the employers and employees in the end for smooth running of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Rationale for workers compensation Essay Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
Retrieved from https://studentshare.org/human-resources/1656638-rationale-for-workers-compensation
(Rationale for Workers Compensation Essay Example | Topics and Well Written Essays - 250 Words - 1)
https://studentshare.org/human-resources/1656638-rationale-for-workers-compensation.
“Rationale for Workers Compensation Essay Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/human-resources/1656638-rationale-for-workers-compensation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Debate on Executive Compensation
It has been a worrying moment for the certain economist why the executives’ pay maintains an exponential trend even at times that the companies are facing serious financial challenges. The logics behind this reasoning are that the executives’ pay should reflect their performance to the company rather than being a constant that is not moved by the financial constraints of the companies (Bertrand and Mullainathan 2001, p.62).
9 Pages(2250 words)Essay
Workers compensation and horseplay
Horseplay is a movement that begins with innocuous plans. However, it may bring about genuine damage. Utilizing apparatuses or gear in a manner in which they were not designed can bring risky
2 Pages(500 words)Essay
Module 4 TD-MGT 411 Workers Compensation
Issues of compensation of a claim are private and confidential and so the organization dealing with employee welfare do not disclose to the employer whether an employee has filed such a claim because of the fear
1 Pages(250 words)Essay
Workers Compensation Law
These defenses, which developed from common law in England, incorporated the "fellow servant" rule, the rule of "assumption of risk" in addition to the rule of "contributory negligence." The "fellow servant" rule merely said that if another worker was even partly at liability for an accident, the company itself was not to be held in charge in any way.
14 Pages(3500 words)Essay
Management - employee compensation and organization
External environment is the source of extrinsic rewards and they have value in countries with no social security but have high power distance culture (Buelens et al., 2006, Pg. 232). Intrinsic rewards depends on the employee's job satisfaction and are more prevalent in low power distance countries having good government support(Buelens et al., 2006, Pg.
2 Pages(500 words)Essay
Workers Compensation
The tedious perseverance of holding labor rallies and demonstrations finally paid off to the drafting of more complex laws and statutes recognizing the rights of every employee and his dependents to claim justifiable compensation in cases of untoward accidents and disabilities happening in the workplace.
2 Pages(500 words)Essay
Executive Compensation
Obama was, for instance, seriously threatened when he was linked to Franklin Raines, the former Fannie Mae CEO , who was reportedly compensated $90 million from 1998 to 2003. Understandably, this is an important issue in America amidst the ongoing financial recession wherein
7 Pages(1750 words)Essay
Degree Rationale
r completed high school, but later in life I realized that obtaining my General Education Diploma would allow me to obtain full-time work so I would be able to financially provide for my son and myself. Over the years, I went from job to job, realizing I needed something more
5 Pages(1250 words)Essay
Workers Compensation
Workers Compensation will guarantee that the employees are dedicated to their jobs since risks are reduced, and this means that they will work without apprehension.
3 Pages(750 words)Essay
Compensation
Maslow’s theory states that an individual is usually motivated when he or she is under pressure to achieve certain needs and when these needs are achieved, they stop becoming motivating factors and the individual focuses on
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Rationale for workers compensation for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us