Market Wage Essay

carefully planned out and considered, the total closure or failure of the organization could be at hand in the near future. In our modern age, employers know that salary is not the only factor that should be considered and that salary alone will not lead to better or more highly profitable workers alone. This is why compensation planning is important and why pay should have some connection between performance and compensation. This is why the human resources department should consider many monetary and non-monetary factors when considering how to properly compensate and motivate employees (Dessler, 2013).

The wage record database has limited data for each individual: it contains only their name and social security number, which is not enough data to match with CEPI’s databases. We have, however, reached an agreement with Michigan Department of State to utilize their drivers’ license/state ID databases to expand the wage record system to include gender and date of birth. With that information added to the wage record system, we will then have enough data to match between the wage record and education databases directly, eliminating the requirement of matching through the workforce population (though for research purposes, we will be able to compare the general population with the workforce

The following research is very general, but it can give you an idea of the approximant differences in salaries in 2013.

This research paper will be addressing minimum wage and the comparison and correlation of it from when it was first instituted through the Fair Labor Act of 1938 to now in 2015. This paper will also go into the inequality of pay concerning women as well. Some factors that I’m focusing on are instances that have affected minimum wage, firstly the affect that unions had in guaranteeing the continuing rise of minimum wage along with inflation until it began to stagnate in the 1970s, which seemed to happen in correlation with the decline of companies encouraging unions; and, secondly what has happened to the work force as a result of women transitioning from free home and domestic work to paid jobs in the market place in such great numbers.

The salary rates the business is presently paying for the individual positions fall well within the wage cure; however, modifications will be as followed:

Incomes in the United states, of which wages constitute the most important component, have been growing largely unequal in the

In the United States people have the opportunity to choose what job they want to work at, its take time and effort also dedication to get a high paying job. Some jobs in the U.S do not require much time and effort to work but the pay is not the best. In recent news there has been lots of attention regarding pay for fast food workers. Most employees that work at fast food restaurants get paid minimum wage which is an average of $8.00 an hour depending on which state you live in. Most states minimum wage is $7.25 an hour and in a few states minimum wage goes up to $9.32 an hour. In the 2014 State of the Union address President Obama asked Congress to raise the minimum wages for individuals working on federal services contracts to 10.10 an hour.

Minimum wage is a hot topic today. We are at war with two opposing viewpoints. One side wants to raise the minimum wage the other side wants to keep it the same and let the economy work it out. Then there are those in the middle that believe that it should go up but not much. I would call those people the moderates they are ones that try to see both sides and come to an agreement. To understand the minimum wage debate and the moral ramifications of it we must go back to the early days of minimum wage. There are few questions that must be answered as well. Those questions are who, what, When, why? Out of all these questions I believe the most important would be why.

When you have a job to where you have to deal with so much, but you only receiving 7.25 an hour. You always thinking to yourself that you deserve way better than date. Alabama has no minimum wage and the federal minimum of $7.25 applies in the state. The Birmingham City Council passed an ordinance Tuesday to set a minimum hourly wage in the city and increase it to $10.10 an hour by July 2017. Alabama is one of the top ten poorest states in the United States and our poverty rate is 18.7 percent. In the years of 2011 to 2013 nearly 17 percent of our people struggled to find food. In 2013, almost one million Alabamians depended on food stamps for their home. Raising minimum wage for Alabama has to happen by the year of 2018 because we all have to provide for our families in all types of ways, there would be way many more students in college, and Alabama could change for good.

Minimum wage in the United States has become an extremely controversial topic in today’s society. The cost of living continues to grow each year but why does the minimum wage stay the same? This is a question that many people are forced to ask themselves each day. Many people who hold low income jobs and can barley afford to survive must rely on government assistants. By raising the minimum wage to an amount that would allow citizens to afford living standards our nations economy would benefit greatly in many ways. The increased wages would in return be put back into the economy through spending and government aid would decrease. The increase wages would also allow for more paid taxes that would in return benefit the economy as a whole. Many of us have held a minimum wage job or know someone directly who has, we are aware of the struggle in receiving minimum wage checks but why has nothing been done to remove this struggle from the nation? Many bills including one signed by President Obama have been denied by congress and the issue continues to grow. Now is the time to increase the minimum wage and help the economy get back to a better state.

Underlying assumption: The claim and evidence is related by Bernie trying to inform people how much higher wages are needed because of the over amount of income.

Also, the stream of pay is thought to be normal as we see in the case FCT v Blake where the Court maintained that the receipts were of standard nature and subsequently, assessable salary under ITAA 1936. In the same decision, the Judge additionally decided that the instalments and advantages emerged from, in admiration of, or regarding business. Hence, there is clear nexus between additions got and a procuring source. The idea of stream can be comprehended as far as foods grown from the ground as explained by US Court Judge in case of Eisner v Macomber where the Judge gave a fanciful allegory of leafy foods and its portrayal of salary and capital. Given the above supports, it can be said that pay and reward of $50,000 and $10,000 separately satisfies the requirements of standard salary and henceforth go under assessable

Patrick Downes and Daejeong Choi discuss pay dispersion and how it affects individual employees. They have shown that pay dispersion can be seen negatively for some and for others it can be seen as a positive. For publicly traded

2. For the purpose of this article, "pay" means the ordinary basic or minimum wage or salary and any other consideration, whether in cash or in kind, which the worker receives directly or indirectly, in respect of his employment, from his employer.<</p>

Some organizations are unwilling to show their reward systems and pay policies (Lawler, 1995). Many Human Resources professionals believe gender pay gaps to be resolvable through the monitoring of pay levels and communication (Report on Salary Surveys).Greater pay transparency has been a great benefit to the board, employees and managers as they now know what is happening across the business and they are able to confidently justify their actions (Commission Policy Report).All market-related supplements are recorded and reviewed separately from basic salary to ensure openness and transparency. Regular research market rates within the various labor markets in which they operate is undertaken improving transparency would also help to improve talent development, as employees would be able to see what they could earn if they wanted to move to another division and upgrade their skill set. (Commission Policy Report).