Employee Relations
Employer-Employee Relations Paper
Employer-Employee Relations Paper
There are many different relationships Charles Schwab keeps with its workforce. Schwab uses every type of employee: temporary, contractor, and permanent (or "regular"). Within these types of employees exists different methods of payment, both exempt and non-exempt. This paper will examine the definition of each type of employee and pay then examine how Schwab handles the relationship with each. Charles Schwab is also an at-will employer and discloses this at the time of employment offer acceptance. The paper will end with a summary of how Schwab addresses this with employee relations.
Schwab 's staffing is cyclical with market conditions. This cycle creates large demands for employment which will have a 3 to 6 month term of employment. This fluctuation causes Schwab to use temporary and contractor employees to fill in employee demand gaps. Schwab is currently trying to increase the "regular" staff, know at Schwab as permanent employees. This nomenclature of permanent is clearly defined as a permanent position and not employee in the employee handbook. Due to this use of all three different types of employees, Schwab must use different policies for each level of employment.
A permanent employee at Charles Schwab is defined as a full-time employee who is entitled to full benefits, pay, and legal status as a full-time employee. A regular employee is one who is regularly scheduled to work 40 hours or more per biweekly pay period and whose position is designated to be active for more than six (6) months. Prior to completing the initial six month probation period, regular employees are considered "at will" employees whose employment may be terminated at any time that does not violate public policy. Regular employees are retirement and benefits-eligible (I seek, 2006). Schwab gives all permanent employees a numerical job code. Any code above 50 represents a permanent employee who is
Employer-Employee Relations Paper
There are many different relationships Charles Schwab keeps with its workforce. Schwab uses every type of employee: temporary, contractor, and permanent (or "regular"). Within these types of employees exists different methods of payment, both exempt and non-exempt. This paper will examine the definition of each type of employee and pay then examine how Schwab handles the relationship with each. Charles Schwab is also an at-will employer and discloses this at the time of employment offer acceptance. The paper will end with a summary of how Schwab addresses this with employee relations.
Schwab 's staffing is cyclical with market conditions. This cycle creates large demands for employment which will have a 3 to 6 month term of employment. This fluctuation causes Schwab to use temporary and contractor employees to fill in employee demand gaps. Schwab is currently trying to increase the "regular" staff, know at Schwab as permanent employees. This nomenclature of permanent is clearly defined as a permanent position and not employee in the employee handbook. Due to this use of all three different types of employees, Schwab must use different policies for each level of employment.
A permanent employee at Charles Schwab is defined as a full-time employee who is entitled to full benefits, pay, and legal status as a full-time employee. A regular employee is one who is regularly scheduled to work 40 hours or more per biweekly pay period and whose position is designated to be active for more than six (6) months. Prior to completing the initial six month probation period, regular employees are considered "at will" employees whose employment may be terminated at any time that does not violate public policy. Regular employees are retirement and benefits-eligible (I seek, 2006). Schwab gives all permanent employees a numerical job code. Any code above 50 represents a permanent employee who is
References: Bennett-Alexander, Dawn D. & Hartman, Laura P. (2007). Employment Law for Business, 5e I seek. (2006). Hiring. Retrieved December 31, 2006, from http://www.iseek.org/sv/60012.jsp Lawyers.com. (2006). Employment Law in Indiana. LexisNexis. Retrieved from http://research.lawyers.com/Indiana/Employment-Law-in-Indiana.html on December 30th, 2006. http://www.bls.gov/opub/mlr/2001/01/art1full.pdf on December 29th, 2006. Top Echelon. (2006). Independent Contractor Roles. Retrieved December 31, 2006, from http://www.topechelon.com/jobseekers/contractor_true.htm