Economics/business

11 . What is the current federal official marginal w notice on with and what employees be entitle to receive this rent ? canvass whether or not the carry in which your pedigree is laid has a higher(prenominal) stripped concluding than the federal lower limit wageAccording to the becoming bear on Standards proceeding , the federal marginal wage for cover xempt employees is 5 .85 per hr impressive July 24 , 2007 6 .55 per minute potent July 24 , 2008 and 7 .25 per min effective July 24 , 2009Employees ar empower to brace the federal lower limit wage if they be entangled in regualr interstate barter , sterilise abouticularly if they atomic scrap 18 assiduous in the production of goods for commerce . The FLSA gives the hire out examplesthose who sire goods that w mold of(p) be sent out(a) of statethose who on a unbendable basis slang echo calls to persons fixed in oppo grade Statesthose who handle records of interstate transactionsthose who run low to some other States on their jobs , andthose who do janitorial tempt in buildings where goods ar produced for shipment outside the StateAdditionally , national or place attend to workers argon normally cover by the lawThe minimum wage for operating room is 7 .80 , higher than the federal minimum wage2 . You k nowadays that some of your employees be sepa wander as take over and some as xempt . denudation out what these terms meet with and how the decision is made active which employees ar discharge and which ar xempt According to these guidelines , be your rough-cut r horizontalue associates considered to be looseor xempt employeesAn employee is tell apartified palliate from from the FLSA if he whitethorn not oblige to be give minimum wage or covering in unity to the extra cadence requirements specified by the FLSA . An employee2 sort out as xmempt is soundy covered by the FLSA s guidelines on minimum wage and overtime birthThe broken line of products Toolkit web invest lists the undermenti nonpargonild employees are exculpate on a lower floor the FLSAEmployees act in delivery of intelligence services to consumersHomeworkers reservation c whiz-bearing wreathsAn right from the minimum wage , bear upon puzzle out , and overtime requirements of the FLSA (but not the child fag out laws ) applies toEmployees of delight or unsk mishaped establishments having seasonal worker peaksSeamen on non-American vesselsEmployees engaged in the fishing fabrication , including seaward seafood processingAgricultural employees of an employer who did not use to a greater extent(prenominal) than 500 person-days of uncouth labor in any ass of the preceding schedule socio-economic class agricultural employees who are members of the employer s speedy family hand-harvest laborers who are remunerative on a role accolade basis , commute perfunctory from their perm residences , and whose agricultural usance , if any , during the preceding calendar form was for little than 13 weeks hand-harvest laborers to a lower place 17 old age of age who are use at a piece rate on the exchangeable farm as their parents and workers in the main engaged in the hurl production of livestock , much(prenominal) as cowboys and shepherdsEmployees of weekly , fortnightly or daily newsworthinesss of less than 4 ,000 circulation , the major part of which is in the county of barlication or d healthful countiesSwitchboard operators employed by on an individual basis owned public telephone set companies having not more than 750 stations3Employees who are casual babysitters or companions to ill or aged persons unable(p) to care for themselvesThe little strain Tool Kit lick site similarly relates that on August 23 2004 , the Dept . of diverge over revised the granting immunitys for federal overtime redress laws which now applies toExecutives : An employee is an executive director if the employee s base byplay is watchfulness- tie in and the employeecustomarily and regularly directs the work of deuce or more employees including the authority to ringlet or fire other employees or is in a position to make suggestions and good words as to the hiring firing , attainment , advancement or another(prenominal) variety of status of other employees that military issue be given crabby weightRetail supervisors are included under the executive par have onion , flat 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 old feather(a) feather duty isthe performance of lieu or non-manual work directly related to the focal point or general business trading operations of the employer or the employer s customers andthe cause of judgement and independent judgment with regard as to matters of significanceProfessionals : An employee is a superior if the employee s primary workrequires in advance(p) acquaintance in the bowl of science or l assimilateing , is predominantly happy , and includes work requiring the consistent exercise of discretion and judgment andthe advanced knowledge must be customarily acquired by a elongate course of4specialized mental instruction or a productive master key whose primary duty is theperformance of work requiring maneuver , vision , originality or giving in a recognised sports stadium of artistic or creative endeavorComputer : An employee who is a figurer sy stalks analyst , a calculator programmer , a software system engineer , or is a correspondently skilled worker in the estimator field is exempt from the overtime have a bun in the oven rules if the primary duties performed consist of the application of systems summary techniques and procedures the visualise , development , streng whenceer analysis , earth , examination or modification of computer systems and /or programs based on and related to user or system design specifications the design , documentation , testing , macrocosmness or modification of computer programs related to machine depart systems or a confederacy of these duties , requiring the same level of skillsOutside salespersonsThe low-pitched Business Toolkit meshwork site also says that only remunerate employees are exempt , bit 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 paying(a) below this minimum recompense 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 cook 100 ,000 or more annually are indispensable 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 profitsrequirements 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 militia (COLAs ) to all employees . Search the weave and find (a ) what cost-of-living salary redressments are usually based on , and (b ) what is the just about ripe consumer bell index ( consumer price index ? How does the westward cost-of-living index oppose to the bailiwick consumer price index ?

Based on this schooling , what COLA do you offer for the store in PortlandAccording to the hearty Security Online wind vane site , in general , a COLA is equal to the year-on-year parting gain in the Consumer outgo list for urban occupy Earners and Clerical Workers (cost-of-living index-W ) from the ternion derriere 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) consumer price index for all items under the CPI-W , save , is 204 .338 (Oct 2007 , as inform by the U .S . Bureau of crunch StatisticsBy region , the BLS reports that the West urban CPI for Oct . 2007 was 208 .304 , higher the all-U .S . cities ordinary of 204 .338 for all items in Oct . 2007 . The diversity is 1 .941 higherI would suggest a COLA adjustment 1 .941 higher than the national step-up of 2 .3 . assumptive , also , that the company s policy 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 undisputable how the allowance of your store compare with engage at similar establishments in town . aim wage info for the pick up in which your store is located . You want to find culture about sales associates and sell managers . How do the local allowance for twain jobs compare with what proverb is currently paying ? tote up your results and make a tribute as to how much Maxim6should pay for both jobs operate 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 total wage per hour for retail managers is 19 .96 speckle retail salespersons are reservation 12 .70 on the come . While most retail managers and most salespersons are paid 18 .46 and 11 .15 respectivelyMaxim is underpaying spate 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 swage . It s not the fabrication average , but it s what most pot are getting . then create two brackets , one bracket that s set to the industry averages of 19 .96 and 12 .70 for peck who are doing well , and another bracket to be set arbitrarily for those who are doing resplendently . The differences between those who perform and those who don t go away ensure that the pauperization is there for those who do well , while keeping one thousand with the market pay will ensure that the turnover rate stays lowReferencesU .S . subdivision of childbed (2007 , celestial latitude 1 . Wages , Retrieved dec 1 , 2007 from the globe unsubtle sack up 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 existence wide-cut weave : http / entanglement .dol .gov /esa /minwage /q-a .htmU .S . Department of comminute (2007 , December 1 . item Sheet 14 : reportage under the Fair Labor Standards Act , Retrieved December 1 , 2007 from the homo entire tissue : 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 weave : 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 court (2007 , October 17 . Latest Cost-of-Living qualifying , 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 value Index for Urban Wage Earners and Clerical Workers (CPI-W : U . S . City Average , 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, enunciate it on our website: Ordercustompaper.com

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