Disciplinary actions Essay Example | Topics and Well Written Essays - 750 words

Disciplinary actions - Essay Example In order to do this, there are a number of legislation that an organization should strive to adhere to as guidelines to ways of eliminating any discrimination or the sense of it within a company (Befort & Budd, 2009). By following these legislations, a company is able to show it good will towards all members of the society in an effort to display its non-bias nature towards people from different backgrounds. Some of these legislations include: The Employment Non-Discrimination Act (ENDA) This is a legislation that has been proposed in congress and will specifically deal with the discrimination in the hiring process based on the sexuality or gender of an individual by non religious civilian employers who have at least 15 workers at their disposal (Eleveld, 2007). The legislation protects these employers from denying an individual fair opportunity due to their sexual orientation (that is whether they are gay or lesbian) or because of their gender (that is because they are a man or a wo man). The legislation hopes to protect all groups of people from discrimination in the work place by doing this and attempts to bring equality among individuals working in organizations. If this legislation is passed, gays and lesbians will no longer lose out to jobs due to their sexual orientation, but companies should not wait for its passing to get rid of such discrimination in the work place as doing so is the right thing to do. ... This will motivate the workers to strive harder if they are aware that will not be subject to any discrimination in the end. A disadvantage with this legislation is that it only protects employees who are working in an organization with 15 or more people meaning those employed by small businesses are not protected by it and thus can still be subject to discrimination in the work place. This is not fair to those in small firms as they deserve the same protection that their colleagues in the larger organizations are receiving. The Genetic Information Nondiscrimination Act This legislation prevents employers from using the genetic information they are able to acquire from an individual to base their decisions on hiring or firing them. This legislation was developed to ensure that individuals who may be suffering from genetic disorders/diseases are able to get a fair shot at employment as the rest of their compatriots and that their health complications would not come in the way of them getting a job (Tilcsik, 2011). The legislature was passed in 2008 and aims and restoring parity between all employees in the field after realizing that there was a chance that healthy individuals with no genetic problems were being given preference over their colleagues with genetic defects (Tilcsik, 2011). These defects did not necessarily affect the performance of the individual who was afflicted by it and thus such discrimination proved to be unfair to these types of employees. However, the legislature also has its advantages and disadvantages as well. In terms of advantages, it ensured that all individuals were given a fair chance and climbing up the professional ladder in their career no matter the complications that they may have been

International Business and Global Strategy Essay

International Business and Global Strategy - Essay Example As labor productivity rises, cost of production falls and producers profit rises (Baumol & Blinder, 2010). This leads to hike in overall wage rate in the economy. With rise in profit, there is technological advancement in the productive process and also capital per worker rises since the producer gets the incentive to expand production. This again boosts labor productivity (Bruce, 2004). When NAFTA was signed this fact raised concern since with lower productivity per worker the Mexican industries would deteriorate under free trade. 2. The Heckscher-Ohlin theorem explains that when a country engages in trade with another country, it would export those goods that utilize higher quantity of those factors of production, that are available in abundance in the country and would import those goods, production of which require relatively higher amounts of factor that is relatively scarce in the country (Arora, 2007). In simple terms, a country would export capital intensive commodities if th e capital to labor ratio is higher in the country compared to labor to capital ratio (Cherunilam, 2008). However, there is considerable debate regarding the validity of the Heckscher-Ohlin theorem. ... , although the United States has been acknowledged as a capital abundant country since the time of World War 2, it imports capital-intensive goods while exporting labor-intensive goods (Iastate, n.d.). Several economists have tried to provide an explanation for this paradoxical result, including Leontief himself. One reason behind this result is the notion of demand reversal. According to this concept, the US has relatively higher preference for capital intensive commodities. This raises price of capital while the price of labor is ultimately lower than capital. This indicates that US follows the H-O theorem while exporting labor intensive goods. Secondly, it is also argued that the US is a skill abundant country. Therefore, following the H-O theory the US exports labor intensive commodities. Although these explanations corroborate the H-O theorem, it is undoubted that the theorem in its own accord falls short of describing the pattern of international trade. Most of the assumptions underlying this theory are not realistic, such as; all countries do not have identical technology of production and all production processes do not follow constant returns to scale. Hence, according to my opinion, the H-O theorem needs to be reframed so as to be able to make more accurate predictions about international trade. 3. Flexible exchange rate system refers to the monetary system in which rate of exchange between two currencies belonging to two different countries is determined by market forces, i.e., the â€Å"forces of demand and supply† (Siddaiah, 2010, p. 43) existing in these countries. This system of determination of exchange rate between two currencies allows the foreign exchange market to determine actual worth of a currency. Therefore, changes automatically occur in the