Limited Brands Enteerprise

Several factors should be considered when determining a fair and equal wage across the labor force. Preservation of the existing labor force, while minimizing the impacts on a business being able to maintain their competiveness is a critical

Victoria’s Secret goal is to increase its profits by 10% and also to maintain and gain customers’ loyalty and their satisfaction. Company’s main goal is to maintain existing customers and gain new ones. Victoria’s Secret is very profitable and well-known brand all over the world and especially in US. Therefore, by launching this new line, Victoria’s Secret does not necessarily aims for enormous increase in profitability but increase in customer-company relationships.

What is wage discrimination? Wage discrimination (also known as compensation or Pay discrimination) is “when employees performing otherwise substantially equal work do not receive the same pay, or remuneration, for their effort” ("Compensation Discrimination"). This type of discrimination can happen at the same time as other types of discrimination, but the most common kinds are gender and racial. Racial wage discrimination has mainly been eradicated due to how many civil rights laws have been passed. Gender wage discrimination, however, is still quite prevalent in today’s culture.

With the WAGE Act, instead of or in addition to filing a complaint with the NLRB, employees or unions would be allowed to file a private right of action in courts and be entitled to any remedies available under the NLRA and if successful also receive reasonable attorneys’ fees. One of the criticisms with a failed predecessor of the WAGE Act, the Labor Law Reform Act in 1978, was that it would create increased filings of complaints, therefore allowing employees to harass employers costing time, money, and energy. With employees and unions being able to file suit for violations of the NLRA this same argument could be leveled here, that employees and unions will be extremely litigious and the number of cases filed against employers will increase thereby increasing costs, time spent on litigation, and flood the court systems with endless litigation that could make the courts run less efficiently. Therefore, it is likely that this argument against the WAGE Act will surface once debate on the bill picks up and knowledge of the act becomes more

As you may know, Congressman Bob Goodlatte introduced the Fairness in Class Action Litigation Act in April of 2015. The bill aims to strengthen federal class action lawsuit rules by ensuring victims who have experienced actual or proportionate injury be justly compensated. Also, the bill amends the Federal Judicial Code to require classes to demonstrate proof the individual suffered the injury of the same type and extent of the person named in the lawsuit.

Title VII of the Civil Rights Act should be one of the federal laws that should be borrowed and communicated to the new employees. The law prohibits any form of discrimination in the workplace thus encouraging a healthy working spirit amongst employees thus accommodating the new employees (Cihon & Castagnera, 2013, p. 119). Another important law entails the Fair Labor Standard Act (FLSA), which specifies the minimum wage for employees. Such law will encourage the employer to meet the standards and therefore avoid the new employee from being paid poorly.

Wages should be adjusted based on; the different skills needed, amount of effort, responsibilities of the individual, working conditions, and establishment.

Wages and hours act – The Fair Labor Standards Act states that an employee is subject to fair compensation

The Limited, Inc. was founded by Leslie H. Wexner on August 10, 1963, beginning with one store located in Columbus, Ohio. During its first year in operation, this store achieved sales of $157,000. His strategy was to provide a "limited" assortment of quality, fashionable sportswear at medium prices. The "limited" concept worked well and by the late 1970s, Wexner began a twofold strategy of market development and product development. New stores were opened and acquired an appeal to women of different ages, sizes, and budget limits.

What are employment laws and why are they so important to American workers? Employment laws have been created throughout the years to provide employees in the United States with job protections. Such protections range from how much employees must be paid to their ability to retain medical insurance after suffering a job loss. Some of the labor laws I believe have significance to workers today are the Fair Labor Standards Act (FLSA), the Worker Adjustment and Retraining Act (WARN), the Consolidated Omnibus Budget Reconciliation Act (COBRA) and the Family Medical Leave Act (FMLA). Although most workers are aware of the basic fundamentals of these labor laws, many are not aware of the comprehensive detail surrounding such laws and what prompted their start. Therefore, this paper will review these labor laws in more detail. In addition, a perspective from both proponents and opponents for each of these employment laws will be discussed.

There is one very important topic in Human Resource that this paper will discuss which is minimum wage. The first thought that comes to my mind when hearing those two words should be the 1938 Fair Labor Standards Act. The 1938 Act provides for minimum wages, maximum hours, overtime, and child labor protection. The law amended many times, covers most employees (Dessler, 2013). I believe this is a Human Resource topic because it deals with employee compensation. Employee Compensation “includes all forms of pay going to employees and arising from their employment” (Dessler, 2013). Minimum wage is a trending topic within the United States as well as around the world.

Victoria’s Secret is a retail chain of lingerie, beauty supplies, and fragrances. The purpose of the line is to make females feel sexy, powerful, and young. They do not have a lot of lingerie for the more voluptuous females; however, what they do have makes the lady feel sexy and confident. Victoria’s Secret was created by a man – men know how they want their women to look like so he took his imagery of beautiful women to make his lingerie line.

Labor relation issues have been on the forefront in the United States since the early 20th century when the first labor laws were passed (HG.org, 2015) Laws were enacted to govern the rights and responsibilities between employers and employees. The first phase of labor laws dealt with laws to compensation for injured workers, a standard minimum wage and work week and prohibit child labor (HG.org, 2015) In the 1960’s and ’70s, laws were focused on discrimination and unsafe work conditions, today issues include employee healthcare and equal pay for men and women (HG.org, 2015).

Victoria Secret was founded in by Roy Raymond, and his wife Gaye, in San Francisco, California, on June 12, 1977. The company got its start when Roy Raymond was trying to shop for lingerie for his wife. He’d gone to a department store to make his purchase, only to find himself deeply uncomfortable and made even more so by saleswomen scrutinizing his presence there. “When I tried to buy lingerie for my wife,” Raymond told Newsweek in 1981, “I was faced with racks of terry-cloth robes and ugly floral-print nylon nightgowns, and I always had the feeling the department-store saleswomen thought I was an unwelcome intruder.” Raymond saw an opportunity in his discomfort and in 1977 borrowed $80,000 to open Victoria’s Secret as a store designed originally to make men comfortable when buying lingerie for their wives.

Victoria Secret appears to be a profitable company. Victoria Secret is part of L Brands whose operating income was at $ 211 million, up by $24 million from the last quarter. Specifically at Victoria's Secret, sales increased by 4% to reach 5.4 billion but operating income decreased by 6% to 1.71 billion. It appears that Victoria Secret's major expense was their Cost of Goods Sold, COGS, which totaled at 1.3144 billion. The gross profit percentage as at February 2013 was 47.87% (NASDAQ, 2014).