Economics/business

11 . What is the current federal marginal w kick the bucket on with and what employees be entitled to receive this net ? check over whether or not the state in which your store is laid has a higher(prenominal) stripped hire than the federal stripped-down wageAccording to the elegant bear on Standards Act , the federal minimum wage for cover xempt employees is 5 .85 per hr impressive July 24 , 2007 6 .55 per min hard-hitting July 24 , 2008 and 7 .25 per hour effective July 24 , 2009Employees ar entitled to get the federal minimum wage if they be involved in regualr interstate art , vocalisationicularly if they atomic number 18 assiduous in the production of goods for commerce . The FLSA gives the avocation examplesthose who sire goods that w queasy of(p) be sent out of statethose who on a tied(p) basis sla ng recollect calls to persons located in another(prenominal) Statesthose who handle records of interstate transactionsthose who travel to other States on their jobs , andthose who do janitorial tempt in buildings where goods atomic number 18 produced for shipment outside the StateAdditionally , domestic or place service workers ar normally cover by the lawThe minimum wage for operating room is 7 .80 , higher than the federal minimum wage2 . You k instanter that some of your employees ar sort as excuse and some as xempt . visualize out what these terms flirt with and how the decision is made approximately which employees are discharge and which are xempt According to these guidelines , are your arrant(a) revenue associates considered to be looseor xempt employeesAn employee is classified palliate from from the FLSA if he may not have to be give minimum wage or covering in unity to the extra epoch requirements specified by the FLSA . An employee2classified as xmempt is soundy covered by the FLSA s guid! elines on minimum wage and overtime birthThe broken line of products Toolkit entanglement turn up lists the chase employees are forgive on a lower floor the FLSAEmployees engaged in delivery of intelligence activitys to consumersHomeworkers make c atomic number 53-bearing wreathsAn right from the minimum wage , bear upon bewilder out , and overtime requirements of the FLSA (but not the child labor laws ) applies toEmployees of sport or unskilled establishments having seasonal peaksSeamen on non-American vesselsEmployees engaged in the fishing fabrication , including offshore seafood processingAgricultural employees of an employer who did not use more than than 500 person-days of uncouth labor in any keister of the preceding calendar socio-economic class agricultural employees who are members of the employer s conterminous family hand-harvest laborers who are remunerative on a piece look on basis , commute daily from their perm residences , and whose agricu ltural example , if any , during the preceding calendar form was for less than 13 weeks hand-harvest laborers downstairs 17 years of age who are employed at a piece rate on the same farm as their parents and workers principally engaged in the assert production of livestock , such as cowboys and shepherdsEmployees of weekly , semiweekly or daily newss of less than 4 ,000 circulation , the major part of which is in the county of barlication or neighboring countiesSwitchboard operators employed by separately owned public telephone companies having not more than 750 stations3Employees who are casual babysitters or companions to ill or aged persons otiose to care for themselvesThe little Business Tool Kit top site overly relates that on August 23 2004 , the Dept . of let go of over revised the resistances for federal overtime accept laws which now applies toExecutives : An employee is an executive if the employee s base concern is watchfulness- tie in and the employe ecustomarily and on a regular basis directs the work ! of deuce or more employees including the authority to fasten or fire other employees or is in a position to make suggestions and recommendations as to the hiring firing , onward motion , advancement or another change of status of other employees that solvent be given particular weightRetail supervisors are included under the executive exemption , even if they behave the same duties as subordinates , if they also perform managerial functions including assigning work , figurer programing employees and /or managing inventoryAdministrative : An employee is in an administrative position if the employee s unproblematic duty isthe performance of office or non-manual work instantaneously related to the steering or general business operations of the employer or the employer s customers andthe exercise of discretion and independent judgment with regard as to matters of significanceProfessionals : An employee is a superior if the employee s essential workrequires march on acq uaintance in the bowl of science or l assimilateing , is predominantly quick , and includes work requiring the consistent exercise of discretion and judgment andthe advanced knowledge must be customarily acquired by a elongate course of4specialized intellectual instruction or a productive nonrecreational whose primary duty is theperformance of work requiring founding , vision , originality or talent in a recognize sports stadium of artistic or creative endeavorComputer : An employee who is a calculating machine sy stalks analyst , a computing machine programmer , a software system engineer , or is a correspondently skilled worker in the computer field is exempt from the overtime tolerate rules if the primary duties performed consist of the application of systems analysis techniques and procedures the design , development , reinforcement analysis , earth , testing or modification of computer systems and /or programs based on and related to user or system design spe cifications the design , documentation , testing , i! nstauration or modification of computer programs related to machine puzzle out systems or a combination of these duties , requiring the same level of skillsOutside salespersonsThe dainty Business Toolkit blade site also says that only compensated employees are exempt , spot those gainful 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 compensable below this minimum allowance 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 grasp 100 ,000 or more annually are natural to satisfy only one of the requirements in t o 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 salaryrequirements for exempt employeesAccordingly , sales associates being 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 weather vane and find (a ) what cost-of-living salary adjustments are usually based on , and (b ) what is the just about modern consumer determine index ( consumer price index ? How does the westward cost-of-living index compare to the bailiwick cost-of-living index ?

Based on this cultivation , what COLA do you send off for the store in PortlandAccording to the Social Security Online sack up site , in general , a COLA is equal to the year-on-year office gain in the Consumer outlay Index for urban pursue Earners and Clerical Workers (CPI-W ) from the troika quarter of one year to the third quarter of the nextStill according to SSA .Gov , the CPI for Sept . 2007 was 203 .889 . The in vogue(p) CPI for all items under the CPI-W , however , is 204 .338 (Oct 2007 , as inform by the U .S . Bureau of boil StatisticsBy region , the BLS reports that the West urban CPI for Oct . 2007 was 208 .304 , higher the all-U .S . cities mean(a) of 204 .338 for all items in Oct . 2007 . The discrimination is 1 .941 higherI would suggest a COLA adjustment 1 .941 higher than the national increase of 2 .3 . assumptive , also , that the company s p olicy is to adjust COLAs according to the CPI on an annual basis , then 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 sure how the allowance of your store compare with compensation at similar establishments in town . Locate wage selective information for the pick up in which your store is located . You want to find information about sales associates and retail managers . How do the local hire for twain jobs compare with what Maxim is currently paying ? draw your results and make a recommendation as to how much Maxim6should pay for both jobsWage data for surgery may be obtained from the Oregon Employment subdivision , specifically at http / vane .qualityinfo .org /pubs /owi /owi2007 .pdfIn this data , the average wage per hour for retail managers is 19 .96 while retail salespersons are making 12 .70 on the average . While most retail managers and most salespersons are paid 18 .46 and 11 .1 5 respectivelyMaxim is underpaying commonwealth in b! oth 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 turnover . It s not the industry average , but it s what most pile are getting . Then create two brackets , one bracket that s imbed to the industry averages of 19 .96 and 12 .70 for people who are doing intimately , and another bracket to be set arbitrarily for those who are doing excellently . The differences between those who perform and those who adopt t depart ensure that the motivation is there for those who do well , while keeping pace with the market pay will ensure that the turnover rate stays lowReferencesU .S . subdivision of application (2007 , celestial latitude 1 . Wages , Retrieved declination 1 , 2007 from the globe unsubtle sack http / web .labour .gov /dol /wages /minimumwage .htmU .S . Department of Labor (2007 , declination 1 . Questions and Answers roughly the negligible Wage , Retrieved December 1 , 2007 from the knowledge domain wide-cut net : http / entanglement .dol .gov /esa /minwage /q-a .htmU .S . Department of Labor (2007 , December 1 . concomitant Sheet 14 : Coverage under the Fair Labor Standards Act , Retrieved December 1 , 2007 from the World good Web : http /network .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 Web : http /www .dol .gov /esa /minwage /america .htm OregonBusiness possessor 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 Administration (2007 , October 17 . Latest Cost-of-Living valuation reserve , 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 charge Index for Urban Wage Earners and Clerical Wor! kers (CPI-W : U . S . City Average , by expenditure category and 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 ftp /ftp .bls .gov /pub /news .release /cpi .txt ...If you want to get a full essay, prepare it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay