ODiscussion Board reply - Coursework Example

DISCUSSION BOARD REPLY Implementation of Fair Standards Labour Act in 1938 has greatly benefited workers. It leads to the creation of universal minimum wage which has ensured equality in the US (Restauro, 2014). This Act is in line with the Equal Pay Act of 1963 that advocates equality in the labour force by ensuring that there are significant number of women in the American workforce by reducing the wage differences experienced across gender. Strategic compensation encourages workers to work harder thus reducing turnover as well as costs that are associated with hiring and training new workers (Martocchio, 2014).

Even though an increase in minimum wage produces positive effects on businesses in the form of increased demand, conventional macroeconomic modeling indicates that it is likely to reduce GDP and eliminate hundreds of thousands of jobs. Therefore, Equal Pay Act of 1963 is the best tool to increase the level of gender equality. The government must ensure that women are motivated to pursue highly rewarding careers by offering them sufficient incentives. This is done by ensuring fairness to the hardworking Americans particularly women.

We must constantly work hard to help the weak and the poor by making sure the Equal pay Act of 1963 is adhered to because helps in availing certain positions to the less disadvantaged. For instance, it has had important effects on the nature of the US human resource due to the fact that women nowadays hold positions that they never held (Reskin & Bielby, 2005). On the other hand, the Paycheck Fairness Act should be implemented to help reduce the huge wage differences across gender in the US. ReferencesMartocchio, Joseph J. (2014). Strategic Compensation: A Human Resource Management Approach, 8th Edition.

Pearson Learning Solutions: VitalBook file.Reskin, B. F., & Bielby, D. D. (2005). A sociological perspective on gender and career outcomes.Journal of Economic Perspectives, 71-86. Restauro, D. (2014). Raising the Minimum Wage and GDP. Retrieved May 5, 2015 from: http://groundedreason.com/raising-minimum-wage/