Discuss the key pieces of employment legislation.

What will be an ideal response?


Answers will vary. The most influential piece of employment law may be the Civil Rights Act of 1964. Title VII of this act-which applies only to employers with 15 or more workers-outlaws discrimination in hiring, firing, compensation, apprenticeships, training, terms, conditions, or privileges of employment based on race, color, religion, sex, or national origin. Over time, Congress has supplemented Title VII with legislation that prohibits discrimination based on pregnancy, age (40+), and disability.Title VII also created the Equal Employment Opportunity Commission (EEOC) to enforce its provisions. And in 1972, Congress beefed up the EEOC with additional powers to regulate and to enforce its mandates, making the EEOC a powerful force in the human resources realm.Some additional key pieces of employment legislation are as follows: Fair Labor Standards Act of 1938: It established a minimum wage and overtime pay for employees working more than 40 hours a week.Equal Pay Act of 1963: It mandated that men and women doing equal jobs receive equal pay.Occupational Safety and Health Act of 1970: It required safety equipment for employees and established maximum exposure limits for hazardous substances.Immigration Reform and Control Act of 1986: It required employers to verify employment eligibility for all new hires.Americans with Disabilities Act of 1990: It prohibited discrimination in hiring, promotion, and compensation against people with disabilities and required employers to make "reasonable" accommodations for them.Family and Medical Leave Act of 1993: It required firms with 50 or more employees to provide up to 12 weeks of job-secure, unpaid leave on the birth or adoption of a child or the serious illness of a spouse, child, or parent.

Business

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The business document that accompanies the purchased inventory from the vendor and identifies the shipment and triggers the inventory receiving process is the ______________________________

Fill in the blank(s) with correct word

Business

MPR's contribution to a company's bottom line is the easiest to measure among all the available promotion tools

Indicate whether the statement is true or false

Business

Luke Corporation is a manufacturer of home furnishings. Selected financial information about Luke is listed below: • Borrowed $850,000 from a bank. Purchased equipment for $210,000 in cash. • Purchase investments for $285,000. • Received dividends of $51,000 from an investment in Davis Corp • Paid dividends of $55,000. • Issued shares of preferred stock for $500,000. Repurchased

outstanding common shares using $100,000 in cash. • Purchased land for $100,000 cash. • Paid $36,000 interest expense on a bank loan. • Increased Inventories by $320,000 • Increased accounts receivable by $217,000. • Increased accounts payable $85,000. Use the above information to calculate Luke's: a. cash used or provided by investing activities b. cash used or provided by financing activities

Business

On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Johnson uses the periodic inventory system and the net method of accounting for purchases. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Johnson makes on September 18 is:

A.

Accounts payable5,800 
Purchases discounts 116
Cash 5,684

B.
Accounts payable4,000 
Merchandise inventory 80
Cash 3,920

C.
Purchases5,684 
Cash 5,684

D.
Accounts payable5,684 
Cash 5,684

E.
Cash5,684 
Purchases discounts116 
Accounts payable 5,800

Business