Effective Communication and Government Legislation Response
Student one:
Government legislation has impact compensation in a number of ways. The most influential legislation to impact direct compensation is the Fair Labor Standards Act (FLSA) of 1938 and the Equal Pay Act of 1963.The purpose of the Fair Labor Standards Act (FLSA) is to establish minimum labor standards on a national basis and to eliminate low wages and excessive working hours (p. 250). This helps to set the standard for minimum wage and long working hours. This is a law still hotly debated and applicable today.The Equal Pay Act of 1963 is based on a simple principle: Men and women should receive equal pay for performing equal work (p. 251). This law is still relevant today, although we still struggle to bridge the wage gap. Martocchio noted that despite the goal of equal pay for equal work, various recent studies indicate that women make approximately 79 percent as much as men (p. 251).Personally, the Equal Pay Act is very relevant for me. It’s difficult to work alongside peers that are doing the same or lesser work, but are paid more just because of their sex.
Student two:
Government legislation has had important impacts on compensation. I believe in the free market and that less Government involvement is better for everyone, but unfortunately people are greedy and eventually the Government has to step in to make sure the playing field is level. Obviously things re not perfect, but there have been some laws that have helped make things better. The first law is The Equal Pay Act of 1963, which was an amendment to the Fair Labor Standards Act (FLSA). This law prohibits differences in compensation based on sex for men and women in the same workplace whose jobs are similar. This law is still applicable to the workforce today because unfortunately there are people out there still who would pay two people differently for the same job just because of sex.The second law is the one covering minimum wage, and is also part of the FLSA. I do not believe in a federal minimum wage, because the cost of living in California is vastly different than the cost of living in somewhere like Ohio. These laws are important for each State to establish. I believe compensation should ultimately be between the employer and the employee and that the employee should be paid what they deserve, but unfortunately once again that is not how things will always work. It is easy for an employer to take advantage of an employee who has no other choices for work, and without a minimum wage standard that could be stuck at that job without the ability to be able to afford living.
Student three:
PESTEL Analysis :Political
Economic
Social
TechnologicalLegalEnvironment
POLITICALThe political factor for Starbucks are the raw materials and resources from overseas, due to Starbuck’s standard of social and environmental norms this leads to fair trade. Starbuck outsources raw materials from developed countries which they must follow the rules and regulations of not only in the United States but also in the developing countries which can lead into further political factors such as tax policies, employment laws and other political awareness factors.
ECONOMICThe economic factor is how consumers are looking for a cheaper alternative, therefore, needing to create products not just for the high based consumer but also middle and low target consumers as well. Due to outsourcing ingredients, Starbucks has to worry about raising labor and operational cost. More economic factors which affect Starbucks from being global is the local currency exchange rates, the economic environment in different markets and the constant taxation level. SOCIAL
The social culture aspect is how Starbucks has to stay trendy and sell products and drinks not only for its high based customers but creating products and a menu for its middle and low based clients as well. By following this strategy, Starbucks social-cultural factors consist of changing family patterns in the United States and Europe, consumer preferences, changing work patterns, changes in lifestyles of consumers and the level of education of the population in local markets and changing price range to meet different target markets and customers.
TECHNOLOGICAL With innovated technology being created every day, the partnership with Apple to have an application “based discount coupons is a new way to keep customers engaged and partnering with Apple to have the applications, advertising and discounts to be marketed worldwide to also include with making payments via your Apple communication device. Starbucks must emerge and be consistent with technology, biotech and agriculture developments.LEGALStarbucks as well as any business operating globally or locally must ensure all laws and regulations are being abided by. Again, Starbucks must follow United States law but also the laws of the countries where they buy their raw materials becau
