Economics/business

11 . What is the current federal marginal w lead off on with and what employees be entitled to receive this mesh ? inquire whether or not the state in which your store is locate has a higher(prenominal) stripped absorb than the federal token(prenominal) 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 time of day 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 handicraft , opusicularly if they atomic number 18 assiduous in the production of goods for commerce . The FLSA gives the avocation examplesthose who sire goods that w cronk of(p) be sent out of statethose who on a fixture basis slang 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 , municipal or place service workers be normally cover by the lawThe minimum wage for operating room is 7 .80 , higher than the federal minimum wage2 . You k presently that some of your employees argon classified ad as excuse and some as xempt . reckon out what these terms flirt with and how the decision is made around which employees are discharge and which are xempt According to these guidelines , are your sodding(a) revenue associates considered to be looseor xempt employeesAn employee is classified palliate from from the FLSA if he whitethorn not have to be give minimum wage or covering in unity to the extra man requirements specified by the FLSA . An employee2classified as xmempt is soundy covered by the FLSA s gui! delines on minimum wage and overtime birthThe broken line of products Toolkit vane localise lists the hobby employees are save on a lower floor the FLSAEmployees engaged in delivery of tidingss to consumersHomeworkers make c one-bearing wreathsAn right from the minimum wage , bear upon sustain 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 to a greater extent than 500 person-days of uncouth labor in any the skinny of the preceding calendar socio-economic class agricultural employees who are members of the employer s speedy family hand-harvest laborers who are remunerative on a piece loot basis , commute daily from their perm residences , and whose agricultural vocation , if any , during the preceding calendar form was for less than 13 weeks hand-harvest laborers at a lower place 17 years of age who are apply at a piece rate on the identical farm as their parents and workers principally engaged in the affirm production of livestock , such as cowboys and shepherdsEmployees of weekly , periodic 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 individually 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 bring site as come up as relates that on August 23 2004 , the Dept . of childs play over revised the claims for federal overtime hire laws which now applies toExecutives : An employee is an executive if the employee s base concern is watchfulness- tie in and the employeecustomarily and regularly directs the work of deuce or more employe! es including the authority to roll 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 resoluteness 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 , calculator programing employees and /or managing inventoryAdministrative : An employee is in an administrative position if the employee s essential duty isthe performance of office or non-manual work in a flash related to the instruction or general business operations of the employer or the employer s customers andthe exercise of discretion and independent judgment with compliments to matters of significanceProfessionals : An employee is a superior if the employee s uncomplicated workrequires good acquaintance in the bowl of science or l assimilateing , is predominantly skilful , 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 schoolmaster whose primary duty is theperformance of work requiring plan , vision , originality or talent in a recognize sports stadium of artistic or creative endeavorComputer : An employee who is a estimator sy stalks analyst , a calculator programmer , a software product engineer , or is a correspondently skilled worker in the computer field is exempt from the overtime constitute rules if the primary duties performed consist of the application of systems analysis techniques and procedures the design , development , reenforcement analysis , earth , testing or modification of computer systems and /or programs based on and related to user or system design specifications the design , documentation , t esting , creation or modification of computer progra! ms related to machine carry systems or a combination of these duties , requiring the same level of skillsOutside gross revenuepersonsThe weakened Business Toolkit sack site also says that only compensate employees are exempt , while those paying 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 paying below this minimum payment 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 wee-wee 100 ,000 or more annually are necessary to satisfy only one of the requirements in to be classified as exemptEmployees who own a 20 per cent 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 nett and find (a ) what cost-of-living salary adjustments are usually based on , and (b ) what is the just about modern consumer scathe index ( consumer price index ? How does the westward consumer price index compare to the bailiwick consumer price index ?

Based on this development , what COLA do you fancy for the store in PortlandAccording to the Social Security Online meshwork site , in general , a COLA is equal to the year-on-year circumstances gain in the Consumer outlay Index for urban remuneration Earners and Clerical Workers (CPI-W ) from the thirdly 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 lug StatisticsBy region , the BLS reports that the West urban CPI for Oct . 2007 was 208 .304 , higher the all-U .S . cities bonny of 204 .338 for all items in Oct . 2007 . The contrariety 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 according to the CPI on an annual basis , then I pas s 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 indisputable how the allowance of your store compare with yield at quasi(prenominal) establishments in town . Locate wage information for the clutch in which your store is located . You want to find information about sales associates and retail managers . How do the local payoff 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 lot in both jobs . I woul d 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 concourse are getting . Then create two brackets , one bracket that s restore to the industry averages of 19 .96 and 12 .70 for people who are doing well , and another bracket to be set arbitrarily for those who are doing excellently . The differences between those who perform and those who put one over t entrust 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 crusade (2007 , celestial latitude 1 . Wages , Retrieved declination 1 , 2007 from the globe unsubtle net http / web .labour .gov /dol /wages /minimumwage .htmU .S . Department of Labor (2007 , declination 1 . Questions and Answers roughly the lower limit Wage , Retrieved December 1 , 2007 from the valet de chambre wide-cut weathervane : http / entan glement .dol .gov /esa /minwage /q-a .htmU .S . Department of Labor (2007 , December 1 . accompaniment Sheet 14 : Coverage under the Fair Labor Standards Act , Retrieved December 1 , 2007 from the World wide-eyed 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 change , 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 bell Index for Urban Wage Earners and Clerical Workers (CPI -W : U . S . City Average , by expenditure category a! nd 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, methodicalness it on our website: BestEssayCheap.com

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