Economics/business

11 . What is the current federal marginal w croak on with and what employees be entitled to receive this charter ? check whether or not the state in which your store is laid has a higher(prenominal) stripped direct than the federal stripped-down wageAccording to the comme il faut bear on Standards Act , the federal minimum wage for cover xempt employees is 5 .85 per hr impressive July 24 , 2007 6 .55 per minute powerful 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 vocation , objet darticularly if they atomic number 18 assiduous in the production of goods for commerce . The FLSA gives the avocation examplesthose who sire goods that w flush of(p) be sent out of statethose who on a mending basis slan g recollect calls to persons located in new(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 argon produced for shipment outside the StateAdditionally , house servant or place service workers argon normally cover by the lawThe minimum wage for operating room is 7 .80 , higher than the federal minimum wage2 . You k at a time that some of your employees are classified advertisement as excuse and some as xempt . acquire out what these terms flirt with and how the decision is made to a greater extent or less which employees are discharge and which are xempt According to these guidelines , are your porcine 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 duration requirements specified by the FLSA . An employee2classified as xmempt is soundy cov! ered by the FLSA s guidelines on minimum wage and overtime birthThe broken line of products Toolkit vane post lists the avocation employees are lighten on a lower floor the FLSAEmployees engaged in delivery of intelligence activitys to consumersHomeworkers do c whizz-bearing wreathsAn right from the minimum wage , bear upon personate out , and overtime requirements of the FLSA (but not the child labor laws ) applies toEmployees of delight 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 500 person-days of uncouth labor in any quartern of the preceding calendar socio-economic class agricultural employees who are members of the employer s immediate family hand-harvest laborers who are remunerative on a piece prize basis , commute daily from their perm residences , and whose agricultur al body of work , if any , during the preceding calendar form was for less than 13 weeks hand-harvest laborers on a lower floor 17 years of age who are active at a piece rate on the equivalent farm as their parents and workers principally engaged in the say production of livestock , such as cowboys and shepherdsEmployees of weekly , fortnightly 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 independently owned public telephone companies having not more than 750 stations3Employees who are casual babysitters or companions to ill or aged persons unavailing to care for themselvesThe little Business Tool Kit advance site in any case relates that on August 23 2004 , the Dept . of deviate over revised the franchises for federal overtime patch up laws which now applies toExecutives : An employee is an executive if the employee s base concern is watchfulness- tie in and the employeecustomarily and on a regular ! basis directs the work of deuce or more employees including the authority to clasp or fire other employees or is in a position to make suggestions and recommendations as to the hiring firing , advancement , advancement or another change of status of other employees that go 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 , computing device programing employees and /or managing inventoryAdministrative : An employee is in an administrative position if the employee s original duty isthe performance of office or non-manual work instanter related to the perplexity or general business trading operations of the employer or the employer s customers andthe exercise of discretion and independent judgment with see to matters of significanceProfessionals : An employee is a superior if the employee s autochthonic workre quires move acquaintance in the bowl of science or l assimilateing , is predominantly dexterous , 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 master copy whose primary duty is theperformance of work requiring imposture , vision , originality or talent in a recognized sports stadium of artistic or creative endeavorComputer : An employee who is a reckoner sy stalks analyst , a reckoner programmer , a software product engineer , or is a correspondently skilled worker in the computer field is exempt from the overtime make up rules if the primary duties performed consist of the application of systems analysis techniques and procedures the design , development , financial support analysis , earth , testing or modification of computer systems and /or programs based on and related to user or system design s pecifications the design , documentation , testing , ! insertion or modification of computer programs related to machine operate systems or a combination of these duties , requiring the same level of skillsOutside gross salespersonsThe short Business Toolkit electronic network site also says that only remunerated employees are exempt , piece 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 give below this minimum net income 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 substantiate 100 ,000 or more annually are internal to satisfy only one of the re quirements 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 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 sporadically giving cost-of-living valuation reserves (COLAs ) to all employees . Search the weave and find (a ) what cost-of-living salary adjustments are usually based on , and (b ) what is the just about modern consumer toll index ( consumer price index ? How does the westward cost-of-living index compare to the bailiwick cost-of-living index ?

Based on this info , what COLA do you aim for the store in PortlandAccording to the Social Security Online net site , in general , a COLA is equal to the year-on-year piece gain in the Consumer outlay Index for urban affiance Earners and Clerical Workers (CPI-W ) from the terzetto 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 get the picture StatisticsBy region , the BLS reports that the West urban CPI for Oct . 2007 was 208 .304 , higher the all-U .S . cities clean of 204 .338 for all items in Oct . 2007 . The unlikeness 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 policy is to adjust COLAs acc ording 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 undeniable how the allowance of your store compare with stipend at standardised establishments in town . Locate wage data for the perceive in which your store is located . You want to find information about sales associates and retail managers . How do the local wages for twain jobs compare with what Maxim is currently paying ? soak up your results and make a recommendation as to how much Maxim6should pay for both jobsWage data for operating theatre 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 .15 respectivelyMaxim is underpaying mass in both jobs . I would make immedi! ate 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 populate are getting . Then create two brackets , one bracket that s launch to the industry averages of 19 .96 and 12 .70 for people who are doing healthful , and another bracket to be set arbitrarily for those who are doing excellently . The differences between those who perform and those who fool t get out 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 push back (2007 , celestial latitude 1 . Wages , Retrieved declination 1 , 2007 from the globe unsubtle meshwork http / web .labour .gov /dol /wages /minimumwage .htmU .S . Department of Labor (2007 , declination 1 . Questions and Answers roughly the marginal Wage , Retrieved December 1 , 2007 from the reality wide -cut sack : http / entanglement .dol .gov /esa /minwage /q-a .htmU .S . Department of Labor (2007 , December 1 . particular Sheet 14 : Coverage under the Fair Labor Standards Act , Retrieved December 1 , 2007 from the World enormous Web : http / entanglement .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 allowance , 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 harm Index for Urban Wage Ear ners and Clerical Workers (CPI-W : U . S . City Avera! ge , by expenditure category and goodness 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, distinguish it on our website: BestEssayCheap.com

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