Internal and External Equity Comparison HRM/324 02/11/2013 Internal and External Equity Comparison Compensation packages are one of the most valuable pieces of the puzzle when an organization creates a program designed to attract and retain suitable employees. A well designed compensation package can ensure that employees are not only attracted to beginning work at an organization‚ but are also willing to stay within a corporation over time. A higher retention rate for employees can increase
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to the definition of employment‚ she is called an unpaid family worker‚ usually a person who works without pay in an economic enterprise operated by a related person living in the same household. This group includes individuals who worked without pay for 15 hours or more per week in a family-owned enterprise. That’s why Lisa is counted as employed. Regarding unpaid family workers‚ they comprise a relatively small proportion of total employment‚ because almost all employment population is employed
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Employment Law 1 Employment Law Avelino Rosa University of Phoenix BUS/415 Lisa R. Browning 12/15/08
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Executive Employment Agreement Executive Employment Agreement dated March 1‚ 2013‚ is between Healthy Hearts Inc.‚ a Michigan corporation (the “Employer”) and Adel Administrator (the “Employee”). Employer wishes to employ Employee and Employee wishes to work for the Employer in accordance with the terms of this Agreement. Accordingly‚ the parties agree as follows: Article 1. Definitions 1.1 Definitions. As used in this Agreement‚ the following terms have the meanings set forth
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Employment law‚ as defined by The Free Dictionary by Farlex (n.d.)‚ is the body of law that governs the employer-employee relationship‚ including individual employment contracts‚ the application of tort and contract doctrines‚ and a large group of statutory regulation on issues such as the right to organize and negotiate collective bargaining agreements‚ protection from discrimination‚ wages and hours‚ and health and safety. Not only does the workplace establish an economic relationship between the
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Terms and Conditions of Employment Under the Employment Rights Act 1996‚ all employees regardless of the hours they work should receive a written statement from their employer within two months of starting work. This statement known as the terms and conditions of employment contains key particulars of the job and the rights and duties of the employee and employer in terms of the following (* must be included in one principle document): Job Description & Specification These are general and
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04-Feb-0 Contract of Employment: Civil code has ~3300 articles‚ contains all civil/general laws of Quebec. Contract[1] of Employment is a portion of the code. [2085] “what it’s all about.” An employee: Contractor: No direction and control‚[2] contractor sets his own daily schedule‚ vacation schedule‚ provides his own tools (e.g. computer)‚ is able to subcontract work. o e.g. lawyer: is hired as an agent/agency‚ does not direct/control • Important to specify between the
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HRM and Employment Relationships Employment Relationship Employment Relationship can economical‚ social and political relationship in which employees provide manual and mental labour in exchange for reward from employers (Gospel and Palmer 1993) There are 4 Dimensions within the employment relationship * Economic exchange – Wage-effort bargain * Socio-political - Power * Legal/Contractual * Psychological contract/social exchange Contract of employment is formed when an offer
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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 Maternity leave 1.2 Below is a list of the main features of current employment legislation Employment Act 1996 Equalities and Discrimination laws Employment Act 2008 Health and safety legislation at work Act 1974 1.3 Why do legislation relating to employment exists?
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Successful corporations start with SMART (Specific‚ Measureable‚ Achievable‚ Relevant‚ Time-Based) objectives and a compensation model that supports these goals. An effective compensation model will be designed to support the corporate philosophy both in its design and the emphasis it puts on key traits of its employees. The text book‚ “Compensation‚ Eleventh Edition” by Milkovich‚ Newman and Gerhart (2014) gave numerous examples of pay structures with an emphasis towards pay-for-performance and
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