Employment Law (Human Resource) Essay Example | Topics and Well Written Essays - 750 words - 1

Employment Law (Human Resource) - Essay Example It may also include interference in the formation or creation of the labor unions and the discouraging or encouraging the laborers from their involvement in the labor unions. If the employer refuses to bargain with a particular group of chosen employee representative, then also it may be said that the employer is having unfair practices with the laborers. But the Act does not give the power to the National Labor Relation Board take up cases which involve real estate brokers, domestic workers, agricultural employees, family workers, church-run schools and government employees. Thus the Labor Relations Act is meant for the benefit of the Laborers and not the employees. On the other hand the Taft-Hartley Labor Act of 1947, which was passed by the US Congress, and which is officially known as the Labor Management Relations Act, was sponsored by the Senator Robert Alphonso Taft and the Representative Fred Allen Hartley. The Act was the Amended version of the Labor Relation (Wagner) Act of 1935. The main provision of this Act had is that it has brought about newer means of controlling labor disputes by the enlargement of the National Labor Relations Board. It had also included the provision that before any employer or the labor union terminates the agreement of collective bargaining; it has to serve a notice to the other party and that also in a government mediation service. Another provision of the Act is that it has prohibited the jurisdictional strikes and the boycotts of secondary nature. But the Act has clearly declared that it does not extend its provisions to the wild cat strikes. It also made the closed shops outlawed and only gave permission for the union shop when majority of the employees had voted for it. The Act retained most of the collective bargaining provisions that were there in the earlier Act. But it had added in its provisions that before a union use the

Money management Essay Example | Topics and Well Written Essays - 1500 words - 1

Money management - Essay Example If I invest the KD 500,000 with a life insurance company then I may be able to earn a stable income each year with adjustments for inflation. Based on discussions with my insurance company the following table reflects the amount that I would receive if I invest in an insurance policy that makes adjustments for inflation and pays my estate the balance of my policy at death. Table 1 in Appendix 1 provides the necessary information. The table shows an initial investment of KD 500,000 and indicates that over a 20 year period and assuming a 3.5% rate of interest and an inflation rate of 3%, I would be able to have an inflation adjusted income of KD 15,000 in year 1 continuing to $26,302 payment in year 20. The table only shows 20 years because I assume that the number of years that I will live after retirement is approximately 20. This policy however, continues as long as I am alive. The balance on the account at year 20 suggests that there will be sufficient funds for me to earn an income many years after year 20. In fact, my principal amount only starts declining in year 12 suggesting that I will be paid out of interest earned on the investment only up to year 11. After year 11 the payments will start affecting my principal. My total receipt up to year 20 would be KD 403045.62 with a balance on the account of KD 443,861.55. This indicates a net return of KD 346,907.17 ((KD 403,045.62 + KD 443,861.55) – KD 500,000). In the event that I choose to manage the funds personally then I would be able to make earnings at rates between 3 to 7 per cent. This fund would consist of a mixture of bonds and stocks with at least 60% of the funds in stocks. I would use the income generated from the fund n the first year – year 1 as a basis to determine my future income if I am to maintain the same standard of living. I therefore allow for an inflation rate of 3% as with the life insurance option. Table 2 in Appendix 1 provides information on this fund. An average rate of