This website uses cookies to ensure you have the best experience. Learn more

Remuneration Essay

423 words - 2 pages

The fast food restaurant is not providing salary and benefits as per the legislation. The minimum pay rate as per minimum hourly rate for the employee classification should be $10.37 but Wesley is getting only $10 without any allowances. Under the Pastoral Award 2010, ordinary hours are 152 hours worked over a four-week period, regardless of whether they fall on a weekend. Ordinary hours for casuals are the same as for full-time employees. Whilst an employer must comply with the minimum rates of pay that are set by awards, federal laws and state laws, the actual rate of pay will depend on the responsibilities ...view middle of the document...


Employer is not an employer of choice. Wesley is getting under pay which is not in the favour of employer. Wesley won’t be satisfied with salary, benefits and other allowances. It will lead to a lack of interest and lack in productivity.
Yes this occupational group has an industrial agreement. This fast food restaurant is able to meet their strategic goals and objectives by maintaining a happy working environment and high quality staff. Employee surveys produce a huge mass of data. It's easy to get lost in this data and end up looking at the detail of individual questions. It is like looking at individual trees, but failing to get the 'helicopter view' that allows us to see the shape of the forest. As a result, you could end up focusing on the wrong things and taking the wrong actions simply because they have a low score and not because they will have a big impact.
No it is not aligned with the performance. No the employees are not receiving minimum entitlements. If company pays employees bonuses or incentives towards the shares of the company, this is predertemined by a formula. The objective is to increase employees incentive to achieve greater profitability as they stand to gain more money when there is a high profit. Gainshaing helps to motivate the staff to perform better.
To conclude his salary is very uncompetitive. Suggestion to increase salary as per industry standards.

Other assignments on Remuneration

Mdi Branded Apparel Store Essay

3546 words - 15 pages issues. Even suppliers and providers of outsourced services are informed of the Corporate Business Principles. Nestlé provides a working environment which protects the health and welfare of the employees according to the highest affordable standards of safety, hygiene and security. No discrimination for reason of origin, nationality, religion, race, gender or age is tolerated. Nestlé favours a policy of long-term employment. Remuneration

The Ethics Problem In Marketimg Research

1360 words - 6 pages Section 1: Introduction In marketing, issues such as price discrimination, cheating of customers, bribes, dishonest advertising, price collusion posed by competitors, overselling and unfairness to employees especially in prejudiced hiring and unfair remuneration, all present big ethical problems in business. These discrepancies are bound to happen since they occur during interactions among humans which is inevitable in marketing. The issue then

Employee Contractor Case Study

1738 words - 7 pages Independent contractor . This facts fall into 3 main category namely behavioral control, financial control and type of relationship (Megerdomian, n.d). Behavioral control relate to the amount and nature of control exercised by the employer on worker. Financial control involves the type of remuneration and investments by either party. And the type of relationship is determined by factors such as delegation of work and reporting relationships between the

Executive Compensation

1768 words - 8 pages and their compensation consultants may seek increasingly opaque forms of compensation (such as time on the company jet), which are more costly, dollar for dollar, than simply paying the executive what it is they think he or she is worth in cash, just to avoid the public outrage that follows disclosure of seemingly exorbitant remuneration. Second, as compensation consultant James F. Reda pointed out to The New York Times, compliance to the

Marketing Strategy

1612 words - 7 pages affairs as at 31 March 2010; * have been properly prepared in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice); and * have been prepared in accordance with the requirements of the Companies Act 2006. Opinion on other matters prescribed by the Companies Act 2006 In our opinion: * the part of the directors’ remuneration report to be audited has been properly prepared in accordance

Executive Pay And Company Performance

554 words - 3 pages To what extent does executive pay influence company performance Executive pay has a lot to do with company performance. Chief executives, as the leader of a company, can exert some impact on the company’s future. Normally, they get a large amount of payment as well as the severance pay. Except the base salaries, they often get a compensation which is several times of their remuneration. According to CNBC, the average S&P 500 company CEO

Cmputer

660 words - 3 pages TAX PLANNING – INDIVIDUAL Employment Income - S 13(1)(a) – S 13(1)(e) (latest YA 2013- from IRB website ) S 13(1)(a) Salary Wages Remuneration Leave pay Fees Commission Bonus Gratuity Allowances S 13(1)(b) Benefits in kind ( BIK Table) Car / MV House Furnished / Semi Furnished Driver Maid/ gardener S 13(1)(c) Living Accommodation Defined Value ( Rental paid by the employer – cost of the furniture) OR 30% X S13(1

Corporate Income Tax

1325 words - 6 pages straight-line method within the period of 8 years): 300. * Expense for building medical facilities for employees: 100. * Salary and wages (according to labor contracts): 2,000; in which 400 is the remuneration of members of Board of Directors (not directly involved in directing production and business). * Efficiency bonuses for employees: 50 * Personal income tax payable: 150; VAT payable according to credit-invoice method: 250

Functions Of Human Resources

2059 words - 9 pages effective association. Human Resource Management (HRM) concentrates on securing, keeping up, and using a powerful work energy, without which associations can't survive. Human Resource Management includes an assortment of exercises, which incorporate recruitment, and screening of prospective representatives, the investigation of preparing needs, planning human asset estimates, the advancement of remuneration frameworks, and an understanding of the

Exclusionary Rule Evaluation

924 words - 4 pages point of the exclusionary rule is to dissuade law enforcer’s transgression, and there would have been no misbehavior by a law officer, the confirmation would not be concealed (Prontes, 2009). There is a massive remuneration regarding the Exclusionary Rule. First, it put off police misbehavior by avoiding illicitly acquired facts from being launched in a court case. Second, it is indispensable in defending someone’s fourth amendment right to

Role Of Independent Director

7427 words - 30 pages definition of independent director as given in the recently amended clause 49 of listing agreement is an inclusive definition, which says who could be independent directors. Clause 49 of the listing agreements defines independent directors as follows:       ”For the purpose of this clause the expression ‘independent directors’ means directors who apart from receiving director’s remuneration, do not have any other material pecuniary relationship

Similar Documents

Remuneration Essay

3195 words - 13 pages Assignment 3 Research Methodology by John Anderson 909441387 May 2012 Variable pay and its effect on Sales Team Motivation 1. INTRODUCTION It is widely accepted that Sales People are motivated by having some element of their remuneration linked to their actual sales performance. What is not clear is what the level of guaranteed pay (Fixed) should be and what level of variable Pay (commission) should

Good Corporate Governance Essay

1723 words - 7 pages could be argued, therefore, that executive directors look beyond the financial criteria. • Remuneration: Performance-based remuneration is designed to relate some proportion of salary to individual performance. It may be in the form of cash or non-cash payments such as shares and share options, superannuation or other benefits. Such incentive schemes, however, are reactive in the sense that they provide no mechanism for preventing mistakes

Qualities Of A Good Boss Essay

304 words - 2 pages able to identify talent when he sees it.He should create a good working atmosphere for his employees so that they can give their best. He should also offer appropriate remuneration packages to keep his employees motivated.He should follow an open door policy wherein the employees are encouraged to come forward with their suggestions and grievances.There should not be a barrier of any sort between the employee and the boss. The employee who is

Hkicpa Essay

309 words - 2 pages allocation within a group  Chargeability to China business tax, value added tax, consumption tax for tourism business carried out in the Mainland and Hong Kong, concept of mixed sales activities  Individual tax planning (incl. tax efficient remuneration package), corporate tax planning for clubs and trade associations (incl. tax avoidance), advance rulings (Different sets of questions will be distributed to different classes. As such, some of the above topics may not be covered during your assigned workshops.) vi