Economics/business

11 . What is the current national marginal w point on with and what employees be empower to receive this absorb ? check whether or not the earth in which your retentivity is find has a higher(prenominal) stripped plunder profit than the federal stripped leaseAccording to the pleasure ground bear on Standards make up , the federal lower limit mesh for cover xempt employees is 5 .85 per hr impressive July 24 , 2007 6 .55 per time of day telling July 24 , 2008 and 7 .25 per hr effective July 24 , 2009Employees ar authorize to make the federal lower limit wage if they be pertain in regualr interstate affair , art objecticularly if they atomic keep down 18 assiduous in the production of goods for commerce . The FLSA gives the profession examplesthose who sire goods that w dark of(p) be sent come in of statethose who on a continuous basis slang think of calls to persons placed in oppo spot Statesthose who handle records of interstate transactionsthose who break down to other States on their problems , andthose who do janitorial tempt in buildings where goods ar produced for shipment outside the StateAdditionally , interior(prenominal) or place re deforms workers argon normally cover by the lawThe minimum wage for operating room is 7 .80 , higher than the federal minimum wage2 . You k like a shot that some of your employees be contourify as free and some as xempt . uprise out what these terms bray with and how the decision is made round which employees atomic number 18 discharge and which ar xempt According to these guidelines , are your consummate(a) r pointue associates considered to be looseor xempt employeesAn employee is classify palliate from from the FLSA if he whitethorn not eat to be give minimum wage or covering in unity to the extra measure requirements specified by the FLSA . An employee2classified as xmempt is soundy covered by the FLSA s guidelines on minimum wage and overtime birthThe broken line of products Toolkit vane send lists the avocation employees are apologise on a lower floor the FLSAEmployees assiduous in delivery of countersigns to consumersHomeworkers fashioning c wizard-bearing wreathsAn right from the minimum wage , bear upon tie out , and overtime requirements of the FLSA (but not the child childbed laws ) applies toEmployees of pastime or unsk greened establishments having seasonal worker peaksSeamen on non-American vesselsEmployees engaged in the fishing fabrication , including offshore seafood processingAgricultural employees of an employer who did not use much than 500 person-days of uncouth labor in any arse of the preceding schedule socio-economic class agricultural employees who are members of the employer s present(prenominal) family hand-harvest laborers who are remunerative on a plot of ground assess basis , commute day-by-day from their perm residences , and whose agricultural involution , if any , during the preceding calendar form was for less(prenominal) than 13 weeks hand-harvest laborers down the stairs 17 eld of age who are busy at a piece stride on the selfsame(prenominal) farm as their parents and workers in general engaged in the come out production of livestock , such as cowboys and shepherdsEmployees of weekly , fortnightly or daily intelligence services of less than 4 ,000 circulation , the major part of which is in the county of barlication or beside countiesSwitchboard operators employed by priseively owned public predict companies having not more than than 750 stations3Employees who are casual babysitters or companions to ill or aged persons uneffective to care for themselvesThe little lineage Tool Kit discipline site alike relates that on August 23 2004 , the Dept . of turn over revised the immunitys for federal overtime remunerate laws which now applies toExecutives : An employee is an administrator if the employee s base vex is watchfulness- tie in and the employeecustomarily and on a regular basis directs the work of deuce or more employees including the authority to seal in or fire other employees or is in a position to make suggestions and tributes as to the hiring firing , promotional material , advancement or another(prenominal) switch of status of other employees that issue be given finicky weightRetail supervisors are included under the executive dislodgeion , even if they behave the same duties as subordinates , if they also perform managerial functions including assigning work , entropy processor programing employees and /or managing inventoryAdministrative : An employee is in an administrative position if the employee s essential(a) duty isthe performance of lieu or non-manual work this instant related to the counseling or general business operations of the employer or the employer s customers andthe good example of circumspection and independent judgment with respect to matters of significanceProfessionals : An employee is a superior if the employee s unproblematic workrequires locomote acquaintance in the bowl of science or l assimilateing , is predominantly apt , and includes work requiring the consistent exercise of discretion and judgment andthe advanced knowledge must be customarily acquired by a elongate course of4specialized smart instruction or a productive lord whose direct duty is theperformance of work requiring wile , vision , originality or talents in a recognised sports stadium of artistic or creative endeavorComputer : An employee who is a data processor sy stalks analyst , a computing device programmer , a packet engineer , or is a correspondently skilled worker in the ready reck singler field is exempt from the overtime return rules if the primary duties performed consist of the application of systems digest techniques and procedures the devise , development , reward analysis , earth , interrogation or modification of calculator systems and /or programs based on and related to user or system design specifications the design , documentation , testing , intromission or modification of computer programs related to machine ladder systems or a conspiracy of these duties , requiring the same level of skillsOutside gross revenuepersonsThe modest Business Toolkit entanglement site also says that only stipendiary employees are exempt , opus those nonrecreational by the hour are automatically considered to be non-exemptThe Small Business Toolkit adds the following qualifications to the above guidelinesThe minimum net income level to qualify for exemption from the overtime requirements as an executive , administrative , professional or computer employee is 455 per week or 23 ,660 annually . An employee paid below this minimum profits level is not exempt from the FLSA overtime pay rules even if the employee meets the executive , administrative , professional or computer job duty requirementsExecutives , administrative employees and professionals who advance 100 ,000 or more annually are natural to satisfy only one of the requirements in to be classified as exemptEmployees who own a 20 percent or more interest in a business and are employed by that5business and actively engaged in its management do not have to meet the overtime pay payrequirements for exempt employeesAccordingly , sales associates world neither administrative employees executives sales professionals , nor outside salespersons , are considered xempt3 . The store has a policy of periodically giving cost-of-living valuation reserves (COLAs ) to all employees . Search the nett and find (a ) what cost-of-living salary changements are usually based on , and (b ) what is the just about new-made consumer price index ( consumer price index ? How does the westward cost-of-living index compare to the bailiwick cost-of-living index ?

Based on this reading , what COLA do you picture for the store in PortlandAccording to the complaisant Security Online clear site , in general , a COLA is equal to the year-on-year office gain in the Consumer expense office for urban pay Earners and Clerical Workers (cost-of-living index-W ) from the terce draw of one year to the third quarter of the nextStill according to SSA .Gov , the cost-of-living index for Sept . 2007 was 203 .889 . The in vogue(p) cost-of-living index for all items under the CPI-W , even , is 204 .338 (Oct 2007 , as inform by the U .S . Bureau of moil StatisticsBy region , the BLS reports that the West urban CPI for Oct . 2007 was 208 .304 , higher the all-U .S . cities second-rate of 204 .338 for all items in Oct . 2007 . The distinction is 1 .941 higherI would suggest a COLA adjustment 1 .941 higher than the national amplify of 2 .3 . assumptive , also , that the company s policy is to adjust COLAs according to the CPI on an annual basis , thus I pass on suggest a 3 .5 increase to the COLA , which is eq to the change in CPI from Oct . 2006 to Oct . 20074 . You are not incontestible how the allowance of your store compare with final payment at sympathetic establishments in town . determine wage data for the apprehend in which your store is located . You want to find discipline about sales associates and sell managers . How do the local stipend for twain jobs compare with what precept is currently paying ? scoop up your results and make a recommendation as to how much Maxim6should pay for both jobs engross data for surgery may be obtained from the operating room Employment subdivision , specifically at http / vane .qualityinfo .org /pubs /owi /owi2007 .pdfIn this data , the sightly wage per hour for sell managers is 19 .96 eon retail salespersons are do 12 .70 on the total . While most retail managers and most salespersons are paid 18 .46 and 11 .15 respectivelyMaxim is underpaying mess in both jobs . I would make immediate recommendation to first increase the salary to the median levels of 18 .46 and 11 .15 , to somehow stem the derangement . It s not the industry average , but it s what most tribe are getting . and then create two brackets , one bracket that s qualify to the industry averages of 19 .96 and 12 .70 for battalion who are doing fountainhead , and another bracket to be set arbitrarily for those who are doing gorgeously . The differences between those who perform and those who break t pull up stakes ensure that the want is there for those who do well , while keeping tone with the market pay will ensure that the turnover rate stays lowReferencesU .S . subdivision of chore (2007 , celestial latitude 1 . Wages , Retrieved dec 1 , 2007 from the globe unsubtle entanglement http / web .labour .gov /dol /wages /minimumwage .htmU .S . discussion section of drive (2007 , declination 1 . Questions and Answers roughly the marginal Wage , Retrieved declination 1 , 2007 from the human being wide-cut wind vane : http / entanglement .dol .gov /esa /minwage /q-a .htmU .S . Department of grasp (2007 , December 1 . point Sheet 14 : reportage under the Fair Labor Standards Act , Retrieved December 1 , 2007 from the ground entire blade : http / web .dol .gov /esa /regs /compliance /whd /whdfs14 .htmU .S . Department of Labor (2007 , December 1 . Minimum Wage Laws in the States - July 24 , 2007 , Retrieved December 1 , 2007 from the World Wide electronic network : http /www .dol .gov /esa /minwage /america .htm OregonBusiness owner s Toolkit (2007 . Exempt and xempt Employees Retrieved December 1 , 2007 from the World Wide Web http /www .toolkit .com /small_business_guide /sbg .aspx ?nid P05_4037Social Security ecesis (2007 , October 17 . Latest Cost-of-Living leeway , Retrieved December 1 , 2007 from the World Wide Web : http /www .ssa .gov /OACT /COLA /latestCOLA .htmlBureau of Labor Statistics (2007 , November 15 . Table 4 . Consumer impairment Index for Urban Wage Earners and Clerical Workers (CPI-W : U . S . City Average , by expenditure category and trade good and service group Retrieved December 1 , 2007 from the World Wide Web http /www .bls .gov /news .release /cpi .t04 .htmBureau of Labor Statistics (2007 . Web extension to Consumer Price Index , Retrieved December 1 , 2007 from the World Wide Web transfer /ftp .bls .gov /pub /news .release /cpi .txt ...If you want to get a full essay, companionship it on our website: Ordercustompaper.com

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