Fair and Equitable Compensation Essay Example | Topics and Well Written Essays - 1000 words

Fair and Equitable Compensation - Essay Example â€Å"Fair and Equitable Treatment† is a standard originated from the 1948 Havana Charter for an International Trade Organization. It provided that foreign investments should be given just and equitable treatment through the promotion of bilateral or multilateral agreements on certain measures and in the treatment for an enterprise, skill, capital, arts and technology coming from a member country to another (Yannaca-Small, C., n.d). Today, the definition of the treatment is not as far from its instigation when applied to the standard in the workplace. Simply put, it is a standard that makes sure every establishment should facilitate an equal distribution of skills, arts, technology with regard to the need of an employee to be able to do a job well. Also, it determines the right of each company to determine just terms of admission and ownership of investment or compensation for every employee. A personal consideration of fair and equitable compensation could be seen in two pers pectives- the employer’s and the employee’s. A part of its provisions for employees would be to grant them at least a minimum wage which is set by a state’s government. This depends on the type and level of job one is hired to do. Also, it entitles an employee to have a chance to advance in their chosen position through job evaluation done by one’s direct boss, to know whether they are performing under or over the expectations of a certain job description. The Fair Labor Standards Act (FLSA) also sets the criteria for an employee’s benefit of getting an overtime pay. The only exemption to this would be a modified employee’s salary level based on the nature of work done that should be stated in the contract signed by the employee (Compensation and Benefits Policy, n.d.). This holds that full-time employees should receive extra payment for work done outside office hours while non-regular employees do not receive an overtime pay. Salary apprais al is another thing that is included in the fair and equitable compensation for employees. This should be done through annual performance review to regulate whether a certain employee should be considered an asset that lawfully deserves to be rewarded. Benefits, aside from salary appraisal should be granted for regular employees such as life insurance, accident insurance, flexible spending accounts, dependent care assistance, sick leaves, vacation leaves, bereavement leaves and etc, depending on the company (Compensation and Benefits Policy, n.d.). On the other hand, as fair and equitable compensation protects the rights of employees, it also provides guidelines of employers’ rights to be compensated justly, though not monetarily but through a measure of service and integrity. Some of which would be the right to demand for the agreed services expected from an employee at a certain time range per day, to call employee’s attention and push them to perform under their aut hority. Another would be to demand and at the same time punish an employee through expulsion or dismissal for disobedience to carry out work instructions and company rules, inability to display good behavior in the workplace, inconsistency, lack of loyalty and integrity, disclosure of confidential documents, theft of company property and etc (Employee & Employer Rights | Most Recent Publications, n.d.). Indeed, both parties deserve to have rights that are

Project evaluation report Essay Example | Topics and Well Written Essays - 2500 words

Project evaluation report - Essay Example In the past few years the online business and e-commerce platforms have changed traditional business practices. The new online business arrangements are becoming more reliable and simple to use to attract a large number of people for online shopping and deals. In this scenario, the web based platforms are offering an excellent support for improving the quality of traditional business working and operations (Dix et al., 2003; Turban et al., 2005; Whitten et al., 2000). This report presents a detailed analysis of a new website idea. This website is about presenting multimedia material for public. The basic idea of this website is to develop an e-commerce business. This website will contain a wide variety of contents which can be viewed and downloaded by the website users. This report covers an evaluation of a web site: http://a-alfuhaid.com/. This report will present an analysis of some of the important web site features and aspects. This report will also assess aims, objectives, requi rements, and design and application level aspects of http://a-alfuhaid.com/. Aim and Objectives The word multimedia is composed of two words in which â€Å"Multi† denotes a lot of and â€Å"Media† denotes presentation of any form of information. So we can say that multimedia is exhibition of some form of information in any format. ... In this scenario, interactive multimedia can also encompass many forms of multimedia including graphics, text, animation, video and sound in the way we want (Brown & Hurt, 2004; Net Industries, 2011; Wenger, 2008). Moreover, the multimedia is mostly used in the entertainment and the fine arts inductor. In addition, it is extensively used in movies and animations. However, the production of the video games also involves extensive usage of the multimedia. Additionally, the education sector has also started recently making use of the multimedia technology for the better information delivery and learning. In fact, all the industries and businesses are now increasing the heavy use of the multimedia technology that provides help to present information to their shareholders and coworkers. In this scenario, they use multimedia technology for advertising, offering worker training, and selling products to the whole world with virtually limitless internet-based technologies (Brown & Hurt, 2004; Net Industries, 2011; Wenger, 2008). Figure No 1- Digital Multimedia source [http://piotech.wsd.wednet.edu/techtwounits/01presentations/task1/01intro/multimediaIntro.html] Thus, seeing the increasing use of this technology in all the fields of life we have decided to implement a multimedia website. This website will offer online multimedia support and material. This website will be named: http://a-alfuhaid.com/. The major aims and objective of this website development is to offer following major multimedia contents: Online multimedia support Online Pictures Online e-cards Online poems Online music Blogs The above multimedia contents will offer us a great deal of capability to better start an online