Employment costs are arguably a business’s biggest expense. Consider how employment law regulates concepts such as discrimination, injuries on the job, employee vs. independent contractor, wrongful discharge, and unionization, to name a few. As you research for this assignment, consider the decisions made in this area are much more than business decisions but, in fact, impact lives. How do we reconcile between hurting employees and impacting the bottom-line? This is much tougher than it appears.
Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 18, 19, 20, and 21.
Scenario: As employment costs continue to escalate, it is incumbent upon organizations to continually monitor its internal operations to ensure best practices are being followed. To that end, your CEO has asked you to prepare a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis.
Prepare a SWOT analysis in the style of a comparison table using a maximum of 500 words. This table can be done in bullet points, topic outline or other abbreviated presentation style – AS LONG AS the information is clear and persuasive.
Examine the following in that analysis:
- Consider the impact a principal and agent creates on the business and its employees.
- Compare how express, implied, and apparent authority created by the principal and agent impacts equal opportunities for employees.
- Identify the laws protecting workers against discriminatory practices.
- Evaluate how the legal protections present in the workplace differ for employee and independent contractors.
Cite on a separate page a minimum of two references taken from a business or legal resource. At least one reference must be from the University Library.
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