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Employment Business Law - Coursework Example

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Employers generally seek to minimize costs related to overtime work. What are some options for accomplishing this goal in a lawful manner? How should employers who need employees to be on-call structure these arrangements to conform to the law while minimizing overtime…
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Employment Business Law Employment Business Law Q. Employers generally seek to minimize costs related to overtime work. What are some options for accomplishing this goal in a lawful manner? How should employers who need employees to be on-call structure these arrangements to conform to the law while minimizing overtime liability?
Overtime work is generally a measure of increasing productivity and meeting the deadline stipulated for specific tasks within organizations. However, employees are compensated for the same. In order to maximize profits, employers should come up with lawful measures of minimizing overtime costs. Firstly, eliminating redundancy amongst individuals and departments increases the overall productivity per employee (Lewis, 2014). As a result, employees’ full potential is fully exploited in order increase output. To achieve this, maximum supervision is fundamental. Secondly, employers should encourage sharing of work amongst employees to finish tasks in a timely manner. Thirdly, automating departments and outsourcing minor tasks would reduce the available work and save money that would be paid as overtime to employees (Lewis, 2014).
Several measures can be adopted to structure the above arrangements. Firstly, appointment of supervisors helps in ensuring that employees work to their optimal level. Secondly, sharing work amongst employees is achievable through exchange programs amongst the workers and training the employees on different fields. Office automation involves the increased use of machines to simplify work. As a result, more machines should be purchased.
Q. Would you recommend that an employer with a 401(k) plan automatically enroll all of its employees in that plan? If so, how should this be done?
It is important that all employees be covered under the 401(k) plan. The plan is a profit-sharing plan through which employees contribute a certain amount of their wages to individual accounts. In addition, it acts as a retirement benefit plan. As a result, all employees should be enrolled as long as they serve the business. The plan is dependent on performance and age difference. For instance, aged employees should be encouraged to be part of the plan since their service period to the business is relatively less. In addition, young employees should be incorporated in the plan since they ought to serve their employers for long a time. The situation leads to accrual of more individual benefits in the plan.
References
Lewis, M. (2014). How to Reduce Labor Costs in Your Business.
Retrieved from http://www.moneycrashers.com/reduce-labor-costs-business/ Read More
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