Legal and finance Assignment Example | Topics and Well Written Essays - 1000 words

Legal and finance - Assignment Example ed with a minimum economic wage and the number of the hours worked in the day should be compensated in the form of overtime if it surpasses the standard working hours. The government sets the minimum wage, and any private or public sector must conform to it. Payment of extra hours worked should be more than the usual working rate. These legislations are provided for by the fair labor standards act administered by the wage and hour division department in the federal system. Workers are also entitled to safety working conditions at workplaces. This law is provided for by the fed under occupational and safety health Act (OSHA). The employees should only work with a free harmful environment, and the organization should take responsibility whenever a person is injured in the cause of duty. The department monitors this by inspections of various firms and ensures that all employees are safe. The federal act also provides for family and medical leave which is unpaid. Hence, employees can always attend to cases of serious health, allow women to give birth and take care of the young ones and any other family responsibility that may befall them. Any organization that does not comply with these laws and denies employee their accessibility is subject to prosecution in a court of justice. Ways on how the salary is arrived at or determined. It should be based on duties, experience, educational investment of the employee and any other relevant factor that may require compensation. This factor prevents exploitation of the employee. However, the compensation of workers must be of market wage rate and employees should be contented with it. Since the organization is trading in a competitive market, demanding of high salaries and more benefits would do a great harm and the employee’s jobs will not be protected (Vargas & Noruzi,2011).. The organization will experience a high costs in operations that may force the firm to lay off workers, or the company may quit operations since

Should workers have the right to strike, and should this right be Essay

Should workers have the right to strike, and should this right be restricted in particular contexts or for particular groups of - Essay Example However, if companies adopt a stakeholder model of corporate governance, the need to strike might be averted. The stakeholder model of corporate governance becomes relevant in the issue of a strike because the structure of the philosophy of governance, when geared towards a shareholder model becomes a microcosm example of survival of the fittest. Each member of a shareholder model is serving his or her own interests because the overall corporate culture is geared towards only protecting the interests of the owners at the expense of all other considerations. Improvements in employment conditions do not occur unless they are of a benefit to the shareholder’s interests. Layoffs and terminations are made liberally with high levels of turnover when the interests of all parties are usurped by an upward flow of actions that are geared solely towards the owners. In a stakeholder model of corporate governance, all parties, including the employees, are taken into consideration when maki ng the decisions that affect the company. Everyone’s concerns and needs are addressed, and most are met, in order for all to receive the benefits of the interests of the company. The Right to Strike The U.K. ... While the Constitution has since been signed, the issues were important enough that it delayed the U.K. in agreeing to all the terms within the document. Part of the regulations that define the right to work in the UK are structures on how a strike must be approached and voted upon. Although, as pointed out by Mr. Hendy during a debate in Parliament in 2009, all governments have restrictions on the right to strike, the British government has set up structures that limit those rights to a point that the international community has voiced objections that have had to be addressed (Great Britain and Dismore 2009, p. 25). Therefore, the debate over the right to strike has been an ongoing issues within the U.K. However, the right to strike extends beyond the laws that currently and previously structured the rights of the employee to protest his or her conditions within the work place. The right to strike is the right to help define how a social group, that group defined by the workers, has the ability to designate boundaries under which they will allow themselves to be used for the purposes of commerce. The right to strike is a legal concept, but it is also a human rights concept that must be considered when there are problems within the work place that are impeding the basic human condition. According to Amnesty International (2010) the right to strike is a human’s right’s issue that can be held as a standard in regard to the level of human rights that are available within a nation. When a country cannot afford its workers the rights to organize and protest conditions that are not conducive to the welfare of their lives. Issues such as fair wages and worker safety can create problems that must be