Lesson 6 Wage and Benefits

Read the Harvard Business Review article: “What Matters More to your Workforce than Money?” Article is also available in PDF format in the important documents folder.

Read the Forbes article: “The Salary That Will Make you Happy.”

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Read the Inc. article: “Here’s What Really Happened at That Company That Set a $70,000 Minimum Wage.”

Write a minimum 2 pages paper discussing both minimum wage and benefits. You must argue for or against a set minimum wage and what that compensation amount should be. Then offer an analysis of emerging benefits available to employees beyond the standard health and retirement.
Remember: All writing must be supported by academic literature and will be in APA format during this course. You must cite each and every sentence in which you used materials from your academic literature. Your work will be checked for academic integrity by the Turnitin system. For a great breakdown of academic literature, please visit: https://www.lib.unb.ca/research/success/understanding.php

PLEASE DO NOT USE Wikipedia, Ask.com, Articlebase, businessdictionary.com, eHow, smallbusiness.chron.com, term paper websites, etc. From time-to-time, the professor my point out other sources that are not reliable academic sources.

Upload assignment using one Word file.

SAMPLE SOLUTION

Minimum Wage and Benefits Minimum wage refers to the least compensation amount that employers must pay wage earners for services rendered during a specific period and employers cannot reduce the amount through individual contracts or collective agreements (International Labour Organization, 2015). Statutes, wage boards, wage councils, industrial tribunals, or labor courts can set the minimum wage. On the other hand, employee benefits are perquisites or incentives that employers offer their personnel over and above the wages and salaries including overtime, vacation, medical cover, retirement benefits, among others. Federal and other authority bodies impose the minimum wage to protect the employee against unjustifiably low pay promoting equity and justice. Employers provide benefits to their employees to maintain motivation and retain talent. This paper makes…

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