often too confined to wage positions. In 2014‚ the annual employment rate was estimated at 93.2 percent and the annual unemployment rate falls from 7.3 percent 6.8 percent as more people were employed in the services and industry sectors. The annual rate was based on the results of the quarterly Labor Force Survey (LFS) conducted in January‚ April‚ July and October of the year 2014. Education plays an important role in determining employment status of an individual. It is one of the investments that
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EMPLOYMENT CONTRACTS An employment contract is made between an employer and employee where the employer agrees to offer a salary in return for the employee performing duties. The purpose of a contract of employment is to draw up rules and regulations concerning the rights‚ obligations and conditions between an employer and employee. It generally states the relationship between the two parties. Any breach of contract by any side is not acceptable by law. Contractual entitlements often include:
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Top Management’s Compensation and Its Harmful Effects Introduction Now-a-days it is becoming very common practice among companies to pay very high compensation to their CEOs (Chief Executive Officers) as well as top management executives. When general people come to know that CEOs and top executives draw a huge amount of compensation from their companies‚ they think what a teacher‚ a government employee make and wonder what those executives could possibly be doing to earn so much. But when shareholders
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There are two types of employment agencies‚ recruiting and staffing. These can both be good tools to use in your job search. A recruiting service matches your skills with a permanent full time position. They are also called headhunters or executive search firms. Basically what they do is look for qualified candidates for different employers. Most of the time the employer pays the fee to the recruiting service and the recruiting service recommends you for the job if you are qualified. I guess this
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rapidly growing in almost every region of the world. Although young people today are the most educated generation ever‚ both industrialised and developing countries are failing to increase employment opportunities for them. The lack of opportunities is of course linked to the general state of the economy and employment situation but it is also a result of the mismatches between the skills young people possess and the skills required by the labour market. All of these factors can lead to long periods of
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Running Head: EMPLOYMENT-AT-WILL DOCTRINE 1 Employment-At-Will Doctrine 04/22/2013 Running Head: EMPLOYMENT-AT-WILL DOCTRINE 2 Jennifer is a recent graduate and has been hired by my accounting firm out of college. Upon being hired Jennifer has engaged in a number of different behaviors that need the accounting manager’s attention. The first situation is that Jennifer
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201: Understand employment responsibilities and rights in Health‚ Social care or Children and Young People’s settings Task 1 - Statutory responsibilities and rights of employees and employers Links to learning outcome 1‚ assessment criteria 1.1‚ 1.2‚ 1.3 and 1.4 List the aspects of employment covered by law Minimum wage Hours worked Discrimination Health and Safety Holiday entitlements Redundancy and Dismissal Training Disciplinary procedures Union rights and consultation List
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Compensation and Benefits of China The compensations and benefits of China are somewhat surprisingly generous. One reason China offers them is to attract people from the West to work in China. They want managers and supervisors from the United States and Europe to supplement Chinese management. The main compensation and benefits China offers are called the five “insurances‚” although there are five insurances plus a fund. The five “insurances” covered by the mandatory welfare
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EMPLOYMENT The next critical issue is Employment. We see employment as an issue because McDonalds though it employs over a million people has gotten a bad reputation as an employer. This is because employees are seen as expendable and made to work long hours for low wages and under bad conditions. They are hired to do task that require them to follow already set exact programs that tell them when to do every task. This means there is very little room for individualism and still building (2)
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A contract of employment is a category of contract used in labour law to attribute right and responsibilities between parties to a bargain. On the one end stands an "employee" who is "employed" by an "employer". It has arisen out of the old master-servant law‚ used before the 20th century. Put generally‚ the contract of employment denotes a relationship of economic dependence and social subordination. In the words of the influential labour lawyer Sir Otto Kahn-Freund‚ "The relation between an employer
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