Legal & Finance Assignment Example | Topics and Well Written Essays - 1000 words

Legal & Finance - Assignment Example Through the Fed, the government has created a compensation program act where each and every member belongs to its department. The law provides for compensation of workers as per the nature of their work. The remunerations should not be below the minimum wage and salaries provided for according to their efforts. This prevents exploitations of employees from both the private and public sector. The compensation act also provides for payment of injuries that are obtained as a result of duty. This will ensure that firms provide for safety working conditions that do not expose their staffs to any harm while on duty. Failure to conform to the legislations amounts to serious prosecutions. The employers are also expected to provide various medical and security benefits to her employees. Medical covers includes; t staffs given a potential leaf of not less than three months to either take care of a family member, women given compassionate leaf as a result of maternities and take care of the newborn or be able to access any medical care whenever necessary. These medical covers usually covered with organizations making payments to government agencies. Securities, on the other hand, are benefits that accrue to an individual after retirement. These contributions are made to them by the state and are mandatory to be remitted by the employer. How hiring and placement will be held, conditions when an employee can be rendered jobless, promotions and demotion criteria. This will provide equity in the workplace so that discrimination will not occur. Amount of salary that is compensated to the worker. Any other relevant allowances should be explicitly stated. However, the statement must show how this figures are reached or determined and should not be less than the minimum wage that is recommended by the state. Benefits, securities that are provided to employees, relationship and the rights that employees are expected to adhere to while on duty.