United States Minimum Wage

United States Minimum Wage

2009

United States Minimum Wage

Introduction

Within the fierce competition in business , employees are required to provide the best works and innovation to help companies they work for to reach the competitive advantage in respective markets . However , the job performance is related to ability and motivation that fulfills following equation

Job performance f (ability (motivation

To motivate the employees , managements need to understand what motivate the employees . Maslow 's hierarchy of needs is one theory that describes the human needs (Business Balls , 2009 . Furthermore

, there are seven points that shape the employees motivation as following

Positive reinforcement (high expectations

Effective discipline and punishment

Treating people fairly

Satisfying employees needs

Setting work related goals

Restructuring Jobs

Base rewards on job performance Concerning the satisfying employees ' needs in the form of wage , this will elaborate regarding the pros and cons that exist following the US government decision to raise the United States federal minimum wage in 2008 , which represents the annual increase since the previous increase a decade ago

US Federal Minimum Wage Increase

By definition , wages is the sum of money paid for some specified quantity of labor . In similar tone , wages also refers to amount of money that a company gives employees for their contribution at works

The Fair Labor Standards Act (FLSA ) sets the new minimum wage that affects employees in private sectors in federal , state , and local government in to keep them above the poverty line based on the costs of living...