The FLSA doesn’t provide (WPCP) wage payment collection procedures for an employee’s usual and/or promised wages, commissions in true excess of those required by the FLSA. However, some states do have laws under which those particular claims can be filed. The focus is on bridging the gap between minimum wage and livable wage. Should minimum wage balance with people being able to live on the wages
He pays for the worker's "laboring power" for a set period of time. If the owner of capital (the means of production) paid directly for labor, exploitation would not be possible. The cost of maintaining labor-power is different than labor-power's expenditure in work. The first determines labor's exchange-value, the second determines its use-value. Marx discusses that the distinction between "labor" and "labor power" is only source of "surplus value."
* (1) Duplicate paychecks might be issued. * (2) The wrong hourly rate could be used to calculate gross pay. * (3) Employees might be paid for hours they did not work. * (4) Payroll checks might not be distributed to the appropriate employees. * c. The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the * (1) human resource function from the controllership function.
Court of Appeals for the third circuit affirmed the District court’s order. REASON According to FLSA overtime requirement, the secretary of Labor has defined an administrative employee as someone makes not less than $455 per week exclusive of board, lodging or other facilities, whose primary duty is the performance of office or non-manual work directly related to the management or general business operation of the employer or the employer’s customers, and whose primary duty includes the exercise of discretion and independent judgment with respect to matters of significance. Smith’s annual base salary is $66,000 or $1269 per week and this qualifies her for the administrative employee exemption. Smith’s position required her to develop a strategic plan to achieve a higher sales goal and these qualified her as directly related to the management of general business operations of the employer. Smith is not supervised 95% of her job, runs her own territory, make decision independently, and these qualified that she was an exercise of discretion and had an independent judgment with respect to matters of significance.
The first of these processes is the piecework payment system. At Lincoln, manufacturing employees are compensated for the work based solely upon the number of pieces that they have completed (p.131). Rates for each piece were predetermined by management and fixed at that rate unless the method or process of production was changed as noted in Figure 1. However, employees are given the opportunity to challenge management about the rates if they believe the rates are inadequate as noted in Figure 1. To ensure the quality of the products being produced at Lincoln, employees were only compensated on products that were not defective and employees had to repair the products on their own time in order to receive payment for them (p.132).
(TCO F) Which of the following statements is true?I. Overhead application may be made slowly as a job is worked on.II. Overhead application may be made in a single application at the time of completion of the job.III. Overhead application should be made to any job not completed at year end in order to properly value the work in process inventory. (Points : 6) | Only statement I is true.
• Worker is employed for a short-period of time, usually only for the duration of a single job or project. • Worker is paid for completion of the job rather than time worked. • Worker performs work requiring high skills or significant training. 2. How do agency relationships arise?
3) A) Using examples form the labour market analyse the difference between transfer earnings and economics rent. In a labour market, a wage is a fixed regular payment earned for work or services, typically paid on a daily or weekly basis and it is the sum of transfer earnings and economic rent. Q W W (Wage) Q (Employment) Pure Transfer Earnings S Fig.1 Q W W (Wage) Q (Employment) Pure Transfer Earnings S Fig.1 Transfer earnings are the amount a factor of production could earn in its best alternative occupation. It is the opportunity cost an individual forgoes when deciding to work in one job rather than the next best alternative. i.e.
There is no hourly labor and everyone is paid by the month. Cloris Bojikian, HR director of Semco states, “Our employees work less than people at other companies, but still more than they really have to. We don’t know how many hours any of our employees work weekly. Not even if they work at all.” (Guimaraes & Southerst, 2003). To most people, this would seem to be a major problem with management and you would assume the company isn’t doing very well.
General Education teachers should have the highest paying job in the United States. Teacher’s salaries and benefits in the United States are nothing to get excited about, or jump for joy about. It’s like other occupations in the United States gets paid more than teachers do in all actuality. Depending on what state teachers live in, and what district teachers work for, teachers can either get paid; monthly, or bi-weekly. For teacher’s annually income they only make about; 25,000 to 51,000 a year.