PRE-PARTNERSHIP EMPLOYMENT CONTRACT GREENFIELD FARMS THIS PRE-PARTNERSHIP EMPLOYMENT AGREEMENT is made between Richard Greenfield of Greenfield Farms, the employer, and Steven Greenfield, the employee, for the operation of a 1500 acre field crop business in Anytown, Michigan. THE PURPOSE of the agreement is to establish a set of mutually agreed-upon employment conditions and compensation to assist the Greenfield family in evaluating the feasibility of Steven entering into a long-term partnership
Words: 903 - Pages: 4
The Advantages of Internal Equity in a Compensation Plan An effective employee compensation system must balance two factors -- worker motivation and labor costs. In designing your company's pay plan, you must consider both external equity and internal equity. External equity refers to comparisons with other competitive pay structures. Internal equity means ensuring fairness in pay for employees working similar jobs. There are some advantages to considering internal equity. Perception of fairness
Words: 419 - Pages: 2
on payday. There is one salaried employee in the warehouse department with a gross salary of $48,000 per year, or $2,000 per pay period. There are four salaried employees in the Selling & Administrative Department with combined salaries of $9,000 per pay period. Because the salaried employees are paid on the last day of the month and their pay period ends right on payday, there is no need to accrue for salaries at the end of December (or any other calendar month). The salaried payroll entry for
Words: 386 - Pages: 2
Salary Inequities at Acme Manufacturing Brandi L. Woods Excelsior College Author Note Salary Inequities at Acme Manufacturing Discrimination of any kind is a very volatile subject. Depending on the employee’s job satisfaction and commitment this situation could snowball into litigation if not handled properly. If the employees are satisfied and committed, they will be more agreeable to negotiate a successful conclusion to issue at hand. Salary Inequality Joe Black realized he had salary
Words: 781 - Pages: 4
Overview The courses will be offered during work hours, employees will be paid for the time they spend in class. Books will be provided. Progress in these courses will be taken into account in employees’ quarterly performance reviews and annual salary reviews. There are some requirements and information for this course * Managers will evaluate employees and may recommend that employees take one or more of these courses. * Employees can choose to take a course or courses without their
Words: 357 - Pages: 2
Executive Summary With our organization reaching over 100 employees in many different salary levels we must evaluate the best possible compensation strategy for our organization. In this report, the various compensation strategies and recommendations for implementation will be displayed. The compensation strategy of an organization is one of the most important programs that is a necessity to retain and attract quality workers. There are many different ways to compensate workers but the focus
Words: 2454 - Pages: 10
Geographic Issues One of the most common geographic issues Home Depot faces is that of Latino day laborers standing outside the stores looking for jobs. This has been an ongoing issue for years and many cities have tried to enact laws that would ban day laborers from using city parking lots to find work. In 2007, the city of Baldwin Park tried considering a new law that would ban day laborers as well as street vendors on parking lots. There were too many complaints from residents and businesses
Words: 1017 - Pages: 5
well. The job outlook for fitness trainers is excellent. This occupation is projected to grow faster than the average for all occupations through 2020 (McKay, 2014). Personal trainers earned a median annual salary of $31,030 and median hourly wages of $14.92 in 2011 (McKay, 2014). The salary and hourly wage of a personal trainer varies greatly based on experience, their employer, location, what type of contract they are on, etc. I would like to be a self-employed personal trainer who rents space
Words: 439 - Pages: 2
Begin by looking up your future career. Determine your annual starting salary. Determine when you will live on your own. You will assume that you will be on your own so no other salaries are to be considered. My future career choice is being a financial analyst. My average starting salary will be 50,753 according to salary.com. I plan on living on my own in 2 years. Determine your monthly take home pay. Take your annual salary and subtract 28% for income tax. My income tax will be 14,210, while
Words: 639 - Pages: 3
books being provided by EBG. * However, EBG will not cover homework and personal study time as these will be the employees' personal responsibilities. * In addition, we will track all course progress during quarterly performance and annual salary reviews. For Qualified Employees Requiring Further Training * Employees who are qualified beyond these courses, but still require further training to keep up with scientific advancements and knowledge, will be encouraged to take classes at local
Words: 352 - Pages: 2
