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Minimum Wage Determination for the Australian Workers
The paper 'Minimum Wage Determination for the Australian Workers" is a good example of a management case study. Australian Council of Trade Union (ACTU) and the Australian Chamber of Commerce Industry are bodies that oversee implementation of interests of Australian workers represent Australian enterprise and industry at national and international level respectively. Thus, they play key roles in contemporary reward management and ensuring Fair Work Australia. In attempts to meet their goals, these ...
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Minimum Wage Regulation in Australia, Views Reflected in the 2011-2012 Minimum Wage Review Decision of Fair Work Australia
The paper “Minimum Wage Regulation in Australia, Views Reflected in the 2011-2012 Minimum Wage Review Decision of Fair Work Australia” is a forceful variant of case study on finance & accounting. Every year the minimum wage in Australia is reviewed to reflect the current economic conditions to reduce hardships for people who earn the least income. The Australian Fair Pay Commission is responsible for these reviews and it considers various factors like inflation, economic growth, and ...
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Australian Council of Trade Unions and Minimum Wage
The paper 'Australian Council of Trade Unions and Minimum Wage " is a good example of a management case study. The submission of the Australian Council of Trade Unions has revealed a number of issues regarding its approach to contemporary reward management. One of the issues revealed in its introductory pages (pp. 1-24) is the commitment to be relevant and authoritative in ensuring that the Minimum Wage Panel discharges its statutory obligations (Perkins & Shortland, 2006). The Panel, for example, ...
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Macroeconomic Effects of the Minimum Wage to the Economy
The paper "Macroeconomic Effects of the Minimum Wage to the Economy" is a perfect example of macro and microeconomics coursework. The chancellor of England decision to increase the minimum wage has been met with criticism and praise from different sources. The chancellor said that the employers were to be forced to increase the minimum wage to £7.20 an hour from 2016. The wages would be raised by 6% annually to an average of £9 by the end of the year 2020 (BBC, 2015). While this announcement ...
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Minimum Wage: Influence on the United States Unemployment Rate
The paper "Minimum Wage: Influence on the United States’ Unemployment Rate" is a great example of a research paper on macro and microeconomics. A minimum wage is the minimum amount of compensation an employee must receive for performing labor. Minimum wage controlis established by contract or legislation by the government. At the beginning of the twentieth century, the minimum wage law is first formulated in New Zealand and Australian. At present, more than eighty percentage countries ...
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Education Poverty and Welfare Social Security Race, Gender, and Affirmative Action Farm Policy Minimum Wage Rent Control
Education Education plays a major role in anybody’s life in the contemporary age. Education instills the skills necessary to be competent in the workplace. The more educated an individual is, the greater his/her chances of employment are. Therefore, I intend to get the highest level of education in my field. Poverty and welfare Poverty in the present age makes life miserable and measures of social welfare serve to reduce this misery. Poverty has both immediate and longterm bad effects on one’s life. ...
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The Australian Council of Trade Unions and the Australian Chamber of Commerce and Industry's Approach to Minimum Wage Determination
The paper “The Australian Council of Trade Unions and the Australian Chamber of Commerce and Industry's Approach to Minimum Wage Determination” is a worthy variant of assignment on finance & accounting. The success of any organization depends on the performance of its employees, which is directly proportionate to their motivation and satisfaction level. Please note that compensation or wages play a very important role in this regard. Therefore, it is almost mandatory for an organization ...
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How the Australian Council for Trade Unions and the Australian Chamber of Commerce and Industry Try to Get Rightful Minimum Wage
The paper “How the Australian Council for Trade Unions and the Australian Chamber of Commerce and Industry Try to Get Rightful Minimum Wage Rates” is a meaty version of a case study on finance & accounting. The importance of the minimum wage rate determination is to have the worker acquire a decent lifestyle by ensuring that they meet their basic needs without putting a strain on the economy. The first attempt to fix minimum wages was made in 1970 in an International Labour Organization ...
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Minimum Wages in China and the USA and Equal Employment Opportunities
The paper "Minimum Wages in China and the USA and Equal Employment Opportunities " is a perfect example of a business assignment. Minimum wage is defined as the least amount an employer is expected to pay the employee. Also referred to as the ‘floor pay’, the minimum wage is set such as a way to ensure that the employers do not underpay its workers at their own benefit. The minimum wage varies from one country, state, city and city and authority to the other. The policy regulation ...
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How Would the Market for Labour Be Affected in the Gulf Countries
The paper "How Would the Market for Labour Be Affected in the Gulf Countries" is a great example of a report on macro and microeconomics. A news article in the New York Times in 2008 reported that the Indian government is pressuring Gulf governments to sign an agreement on minimum wages for over five million Indian workers working in the region. However, Gulf countries such as UAE that are already experiencing labour protest at that time rejected the proposal in fear that higher wages would result ...
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Principles of Microeconomics
The experiment sets out to see and examine how much can be made by the employer in terms of the number of people they employ. The unemployed are also carted for. In the first session, the employer who employs one worker earns 20 dollars, whereas when you are employed you get a minimum wage of 12 dollars. However this can also change and the employ might end up getting the wage that was agreed on which is 9 dollars. At the same time, when an employer hires two workers, he earns 30 dollars. Here the ...
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Employment Relation Comparative Issues
The paper 'Employment Relation Comparative Issues' is a great example of a Management Assignment. Employment relations primarily cover work-related regulation while taking consideration of the economic and social role with respect to labor and capital power. It thus includes the interactions of different factors such as workers, employers, and collective organizational functions and also the country as a whole. The distinctive features of employment relations thus ought to take into consideration ...
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Australian Chamber of Commerce and Industry Approach to Reward Management
The paper 'Australian Chamber of Commerce and Industry Approach to Reward Management" is a good example of a management case study. Reward management process is a challenging responsibility both at the industry and national levels in the economy. Without proper reward management strategies in place, the economic imbalance can be ignited leading to problems of unemployment, high inflation, glut and low productivity. A clear understanding of the underlying reasons for rewarding should not be ignored ...
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The Implications for SMEs in Adopting the Living Wage Policy in the UK
The paper "The Implication for SMEs in Adopting the Living Wage Policy in the UK" is a perfect example of macro and microeconomics coursework. To move a high tax, less wage and high welfare society to a lesser tax, high wage and lesser welfare society, the government is trying its best to take a stance. After the year 2010, more than 2 million jobs are created by the government and currently, it is taking action to provide more gains to lower-wage workers. The government has set a National Living ...
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Market Clearing in the Aggregate Labor Market
The paper "Market Clearing in the Aggregate Labor Market" is a good example of a macro & microeconomics essay. Market clearing describes a situation where the aggregate economy is capable of generating enough purchasing power to satisfy the aggregate output of the economy. This then implies that the aggregate output value of the economy equals its aggregate purchasing value (Keynes, 1936). Put differently, the aggregate demand of the economy will be equal to its aggregate supply. As to whether ...
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Issues in International and Comparative Employment Relations
The paper 'Issues in International and Comparative Employment Relations' is a perfect example of a business assignment. With globalization and increased internationalization of corporations, the field of comparative employment relations continues to elicit heightened attention from scholars and policymakers. Consequently, various laws have been enacted to protect employees from exploitation by employers. However, the exploitation of employees looks more likely than ever before especially with specific ...
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Different Stakeholder Perspectives on the Regulation and Negotiation of Reward
The paper 'Different Stakeholder Perspectives on the Regulation and Negotiation of Reward" is a great example of a management case study. In any institution, employment relations form a fundamental basis in the smooth running of affairs within and outside. It is important that the manner in which the employer conducts his dealing with regard to the employee should form a cohesive and interactive workforce. The productive performance of this workforce will most probably be realized by the presence ...
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Decent Work and Other Industrial Relations Matters
The paper "Decent Work and Other Industrial Relations Matters" is a perfect example of management coursework. The definition of a Decent Work is an association of wage earners who organize for the principal purpose of maintaining or improving conditions of work, hours of labor, length of annual leave or wage rates. They join together as they have more bargaining power in a union than as individuals. This gives them significant right in the labor market and the ability to manipulate it by restricting ...
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How Sweatshops Are Good for the Poor and Why Are Anti-Sweatshop Movements Not Interested in Stopping the Trade in DevelopingNations
The paper “How Sweatshops Are Good for the Poor and Why Are Anti-Sweatshop Movements Not Interested in Stopping the Trade in Developing Nations?" is a spectacular example of a literature review on human resources. Sweatshops are places of employment that offer low pay, inflexible working conditions as well as long working hours (Jones and Malones, 2010). According to many economists, sweatshops have been perceived to benefit the poor as well as developing countries. It is also clear that anti-sweatshop ...
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Australian Fair Trade Act
The paper 'Australian Fair Trade Act" is a perfect example of a business case study. In this paper, an analysis of the postulations and the implementations that ought to be done so as to facilitate the attainment of fair trade practices and suitable minimum wages to the employees will be discussed. The Australian chamber of commerce and industry and the Australian council of trade unions have set forth a series of suggestions in relation to the legal policies and strategies based on the need ...
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