INTRODUCTION The Companies Act‚ 1956 provides for a variety of companies of which can be promoted and registered under this Act. The three basic types of companies which may be registered under the Act are: • Private companies; • Public companies ; and • Producer companies PRIVATE COMPANY Section 3(1)(iii)‚a private company means a company‚ which has a minimum paid up capital of one lakh rupees or such higher paid-up capital as may be prescribed ‚ and by its articles:
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conditions‚ (Picot‚ 2001). The law further states that women and men must always receive equal pay for performing equal work. However‚ Walmart allegedly promoted fewer women to store management positions. Women also take longer to move up as compared to men with cases of women being subjected to a lifting requirement something men did not perform. It also violated the Equal Pay Act of 1963 which mandates for equal pay for equal substantial work by both males and females‚ (Rakowska‚ Valdes-Conca‚ & Juana-Espinosa
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The Equal Pay Act of 1963 was established to “Make it illegal to pay different wages to men and women if they perform equal work in the same workplace (U.S. Equal Employment Opportunity Commission). Nevertheless‚ “The law also makes it illegal to retaliate against a person because the person
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Bates‚ S. (2003). Top pay for top performance. HR Magazine. Berglas‚ S. (2006). How to keep A players productive. Harvard Business Review. 1. Bates argues that in order to keep top performers satisfied and productive‚ there should be a substantial difference in the variable pay or merit-based salary increases that top performers and poor performers receive. Based on the available research (which is mentioned in the article)‚ how big of an increase is needed to “catch anybody’s attention”?
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Pay-For-Performance is a health care payment system developed to try and address the shortfalls of the current reimbursement payment system. Incentives are paid to hospitals‚ physicians‚ and clinics for the improved quality of care for patients‚ efficiency of care‚ and improved health outcomes of patients. Pay-For-Performance is part of the improvement of quality as well as a cost management tool. Currently the reimbursement system that is in place pays for services rendered prompting providers to
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In the United States‚ equal pay for equal work has been a controversial topic since the Equal Pay Act of 1963 was passed. It was aimed to abolish wage disparity based on sex. In a study in 2015‚ female full-time workers made only 80 cents for every dollar earned by men‚ a gender wage gap of 20 percent. The Institute for Women’s Policy Research (IWPR). As indicated by their studies‚ if change proceeds at an indistinguishable moderate pace as it has for the last fifty years‚ it will take 44 years—or
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becoming a teacher. The school district refused to give her the equal amount of pay that men received‚ even though Lampe was the sole earner while her husband was in graduate school. Later‚ Lampe went into public school administration and found once again that her gender — and marital status — was a factor in her pay. While trying to negotiate her salary‚ one of the board members told her‚ “You don’t need as much pay because your husband is a professor and you have enough money” (Owens). Today in
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The debate for equal pay for women is not new‚ for it has gone on for decades. Women and men have fought for women’s rights since 1848. Women have since gained the right to vote‚ Roe vs Wade‚ and in 1963 women earned the right to be paid equally to their male counterparts. Women are supposedly paid equally‚ yet women make 79 cents to every dollar a man makes. While there are many factors that contribute to women being paid less than men; there are also many reasons why we need to help fight to close
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Equal Pay Act of 1963 The Equal Pay Act of 1963 established the requirements that women should receive equal pay for their amount of work. The history of this act was to end gender-based discrimination in labor wages. Throughout history women have been paid less than men even when employed in the same jobs. It was accepted in the U.S that men deserved to earn more money than women‚ even if their work was exactly the same. The mindset was that men were the heads of the households and they are the
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(2014) gave numerous examples of pay structures with an emphasis towards pay-for-performance and mix-pay models as a trending leader in supporting the changing workforce demographics. To support this theory‚ I searched for evidence and found that pay-for-performance models were not necessarily the strongest contender for employee satisfaction; but maybe employee satisfaction is not one of the key elements to success for some companies? The lingering uneasiness with pay-for-performance models led me
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