What would you do to ensure that you were well versed in the legal regulation of business and U.S. labor laws?
In order for a country to realize its investment potential, a stable macroeconomic environment is essential. To reduce poverty and accelerate growth appropriate policies in institutions, good governance and property rights all contribute towards a positive investment climate (Mattioli, 2006). Lately, improved worker rights have turned out to contribute higher productivity growth, and therefore faster economic growth, better distribution of income amongst people as well as between workers and firms. In addition, the outcome is a more stable and strong local demand
Employers must offer the employees with a workplace that is free from discrimination and harassment, where all the employment decisions are made of basis of merit. Working environment should be such that all employees have the opportunity to perform to their maximum potential. An ideal workplace values equity, diversity and equality of opportunity (Mattioli, 2006). It is the duty of the employer to ensure that all employees receive certain basic employment rights. Presently, the workplaces today have become very diverse as one gets to work with different people, personalities and challenges that come along with the job and employees. Human resources have been created so as to assist organizations reach its goals whilst maintaining legal, safety and regulatory requirements.
The freedom and privileges given to the employer and employees are protected by different branches within the U.S. Department of Labor, Equal Employment Opportunity Commission (EEOC), and Occupational Safety Health Administration (OSHA). These departments have been created to ensure that all employees and workers are safely and fairly treated. For the safety of the employer and the employee need to know the ins and outs of the laws and regulations of employment that are in place for the safety of employer along with the employees. . According to the ILO Declaration on Fundamental Principles and Rights at Work, all member states are to offer opportunities for both men and women to obtain decent and productive work in conditions of freedom, equity, security and human dignity. The purpose is not just to create jobs but to create jobs of acceptable quality. As per the economic research on labor rights these along with other labor rights lead to substantial increases in economic growth in nations where they have been imposed and applied.
2. How would you train yourself to bargain not only with employees, but with other businesses you would come into contact with?
The term negotiating is being widely used nowadays even if we don't realize all human interactions are characterized by some kind of negotiation between or among people trying to give to and take from one another. In order to be successful in business, one must learn the art of negotiating with employees and other businesses. Negotiations skills are important to the smooth running of your business (Noe and Noe, 2012).
Everyday business leaders have to negotiate with customers, vendors, employees and bosses. Those who learn to negotiate effectively tend to have an advantage over others. In majority of the situations, making the first offer is the wise thing to do as when you are going to initiate, there is a possibility in negotiations for the first offer to anchor the negotiations. Negotiations can be of two types; win-lose or win-win negotiations. The biggest mistake made in negotiations is making use of the same strategy for every negotiation. A well trained negotiator would adapt his or her negotiating strategy in order to fit the situation. In business negotiations the most commonly used strategies are accommodating strategy, collaborative strategy and competitive strategy.
In order to negotiate successfully one must need to define your own objectives and subsequently plan and prepare for negotiations. According to Lax and Sebenius, managers frequently negotiate for authority, status, complaint behavior or impact on organizational decisions and advantage in the allocation or scarce resources (Stone, 1999). Also, an important aspect of a manager's job is to bargain with peers, subordinates and supervisors. The basic technique of negotiation is to think in terms of needs and wants and trade one's wants for one's needs, an generally this results in bargaining advantage.
3. How would you ensure that there was a feeling of equity in your business amongst your employees?
The term employment equity defines fairness at work, meaning that men and women both have equal opportunities to participate fully in employment. When a working environment is following equal employment opportunities it means that all employees are to be treated equally and fairly. Gender does not have any effect on what people are being paid. In other words, women would receive the same amount of pay as men if they are doing the same work, and for work that is different yet of equal value. The value of work is determined with use of knowledge, skills, effort, responsibility, working conditions and effort. In order to ensure equity at workplace the employment equity programs have been created to overcome inequities and to improve employment opportunities for members of the designated groups.
To ensure equity within your business a multipronged approach is required. Businesses must implement policies in place stating their commitment to employment equity and procedures enlightening how supervisors and others in positions of power are to make use of equity in all employment actions. Apart from the procedures and policies, companies need to train their managers and others on how they can sustain the principle of equity. By planning to achieve as well as maintain the employment equity in your workplace would be beneficial in attracting and retaining the most talented workers, increased productivity, increased competitiveness and stimulating the economy. By following employment equity plan the employer must start off firstly by consulting with a representative of a trade union that represents all the employees. The purpose is to inform about the changes that will be taking place and to ensure that all employees are aware of what is going to happen in the company or organization. The employment equity plan should define the objectives that the company plans to achieve in the following year.
4. What would you do to begin a business in which pay levels, structure and the say system were all very clear to everyone...but still leave yourself as owner room to wiggle and change things?
Both the employers and employees have responsibilities towards each other, also they should expect their rights to be defended. The employees are expected to conduct their tasks in such a way that regard to the safety of others (Stone, 1999). Employers on the other hand are required to abide by a range of requirements governing such aspects as providing safe machinery and equipment, conducing safety and health checks on regular basis, assuring the training of employees in health and safety issues. When an employee is hired for any organization or firm, they receive the terms and conditions of their work setting out when their work commences, stating what the main duties of the employee would be, who they are accountable to, along with their pay and other entitlements listed.
The employment rules are present to give equal opportunity to all the employees. However, in cases when the employee is not working up to the mark and job duties are not fulfilled then the employer has the option to change the rules a bit. The business is not allowed to change any rules or policies that have been defined by the state on their own. However, in businesses organization the focus should be put on performance-based policies. In this case if the employee is not working up to the mark and the desired outcome is not achieved the employer has the right to bend some policies that are in effect. The purpose is to make…