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Employee Compensation and Benefits

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Employee Compensation and Benefits

This assignment consists of two (2) sections: a narrative and a PowerPoint presentation.

You must submit two (2) sections for the completion of this assignment. Label each file name according to the section of the assignment it is written for.

Imagine that you have just been hired by a new company as the director of the HR department. You have been tasked to hire a new secretary for the department and to develop an employee compensation and benefits package that will be used for that position upon hire.

Develop a PowerPoint presentation to present this information to your Vice President. Go to the Bureau of Labor Statistics’ (BLS) Website, located at www.bls.gov, for information regarding organizations and pay in your geographical area.

Section 1: Narrative

Write a two to three (2-3) page paper in which you:

Choose the type of organization for which you are designing the package.
Develop an employee compensation and benefits package for this new position. Support your ideas for the compensation/benefits package.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Section 1 of your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Section 2: Presentation

Create a twenty (15) slide PowerPoint presentation in which you:

4. Provide an overview of the employee compensation and benefits package that you developed in the narrative portion of this assignment.

5. Determine if the employee will be exempt or nonexempt and discuss how overtime will be handled.

6. Suggest other benefits that might be considered within the next few months to enhance employee performance and provide job motivation.

7. Provide information on how government regulations will influence the compensation.

8. Examine data from two (2) organizations listed in the BLS Website with packages similar to yours, focusing on salary, compensation, and benefits in order to convince upper management that your package should be accepted and implemented.

9. Describe how the competitive compensation and benefits package will align with the HRM strategy,

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Employee Compensation and Benefits

Employee Compensation and Benefits – Section 1: Narrative

This paper looks into a case scenario where the Director of the Human Resources Department has to hire a new secretary. The organization is a new enterprise, as is the Director. The Director faces a task of developing a suitable employee compensation and benefits package for the new position of secretary. The Director has to provide a comparative analysis of the proposed compensation and benefits package alongside those offered by other similar firms in the same geographical region. The focus of the assignment is on the design of a compensation and benefits package for employees, with regard to its competitiveness and alignment to the organization’s HRM strategy.

Type of organization

The organization within this case scenario is one that engages in manufacturing. The core business of the firm is in the production of goods for sale in the state and the entire country. The firm needs a new employee despite the reduction in employment rates within the manufacturing sector (Bureau of Labor Statistics, 2017). Therefore, there is a need to design a compensation and benefits package for the new position as addressed below.

New position

The organization seeks to hire a new secretary in the Human Resources department. Since the organization is new, there is a need to create a compensation and benefits package for the new position. Research on the importance of competitive compensation and benefits packages states that the alignment of HRM strategies and employee benefits produces better firm results and increases overall performance (L’Écuyer & Raymond, 2017). As such, there is a need to develop competitive packages aligned with the HRM strategies as a measure to improve the overall performance of the organization.

Developing an employee compensation and benefits package for this new position

The HRM Strategy

As observed earlier, in order to design an appropriate compensation and benefits package for the new position at the organization, the firm needs to align their HRM strategy to the compensation and benefits offered. This alignment should lead to increased performance of the individuals as well as the organization. The HRM strategy, with regard to employment compensation and benefits, is one where the firm targets to create competitive remuneration and benefits packages that are in tandem with regulations and industry standards.

In addition, the compensation and benefits offered need to be strategic, such that they are within the cost limitations of the organization, while being more inviting than those offered by other firms within the same geographical region.

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Job order and process cost accounting systems

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Job order and process cost accounting systems

ORDER INSTRUCTIONS:

Use the Assessment 2 Template to complete Part 1 and Part 2. Each part is a different tab in the template.

For Part 3, create a Microsoft Word document. Submit both the completed template and the Word document for this assessment.

Part 1: Using Part 1 of the template, read the Central Manufacturing Company scenario and then complete the following:

1. Determine the unit cost for the month in finishing.

2. Determine the total cost of the products transferred to finished goods.

3. Determine the total cost of the ending work in process inventory.

Part 2: Using Part 2 of the template, solve the Central Manufacturing Company problems using an average cost processing system.

Part 3: In a 1–2-page Microsoft Word document, compare and contrast how job order and process cost accounting systems differ for each of the following items:

1. Materials.

2. Labor.

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Job order and process cost accounting systems Essay

Job costing is a system used in the production of heterogeneous products. The difference in the products produced is known as the creation of a job order cost record for each item. Both the direct material as well as the direct labor costs will be reported in the job cost record and any production overhead incurred (Braun et al., 2014). Process costing is an accounting system used to determine the cost of the product at each stage of production.

It is adopted where the goods produced are manufactured in a sequence of processes that are continuous. Unit cost under individual costs is determined then summed up to give an average unit cost for the product (Braun et al., 2014). The section below provides a comparison between job order costing and process accounting orders in terms of materials and labor.

Materials

Similarities

Both methods have the same aim of determining the total cost of materials used. Both job order and process costing have the same workflow, where the materials inventory is recorded in a separate account and then the costs are transferred to work in the process account (Braun et al., 2014). Another similarity in both systems is that the direct material cost is included in the product cost. The management uses the unit cost of materials for decision-making. To achieve this, management will evaluate…….

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Ethical Issues Analysis

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Ethical Issues Analysis

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Please use these instructions to complete the paper

Case Analysis
Book: Thinking Critically About Ethical Issues. 9th edition. Vincent Ruggiero
Case 1: The Government pg 168 #5. A number of groups have urged restrictions on child labor. For example, they believe that no one under age 16 should be permitted to work in manufacturing; mining, agricultural and construction industries; that hours of work should be limited in all jobs for workers under the age of 18; and that no one under 21 should be allowed to have any contact with pesticides.

Question: Discuss the moral considerations attending this proposal.b. Identify the moral issues.

Identify the parties involved.

And infer their interests.

Discuss this case in terms of finding common ground in the diversity of interests you identify.

Case#2: pg108 #4e)

An English teacher in a two-year technical college has several students in his composition course whose ignorance of the English language has proved invincible. He has given them extra work and extra counseling from the first week of the semester. They have been diligent in their efforts to improve. Though they are in a construction technology program and will undoubtedly be employed in jobs that require little writing skill, the composition course is required for graduation. In the instructor’s judgement, the students would not be able to pass the course legitimately if they took it three times, so he raises their F grades to Ds.

Question: Identify the consequences of the action taken… and decide whether the action represented the greater good.

2. Identify the moral issues and the parties involved

3. Discuss the case with respect to the principle of utility…

4 …. Identify the benefits and burdens that pertain to the parties affected?

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Ethical Issues Analysis

Case 1

There are various moral issues involved in this case. The first moral issue is child labor. Child labor is considered a moral issue because it not only denies children their childhood but it could lead to potential harm both physically and mentally. Child labor robs children of dignity and also denies them the opportunity to develop normally and get an education (Tanveer, Manzar & Khan, 2016).

The second moral issue is poverty. It is notable that child labor is common among the poor who do not have access to adequate education and other life opportunities (Tanveer, Manzar & Khan, 2016). The government is responsible for addressing poverty as a moral issue instead of just issuing restrictions on child labor.

The parties involved in this case include the children and young adults aged below 21 years, the government, the groups lobbying for restriction of child labor and the companies employing the children in the various industries identified as being unfit for child labor.

Each of these parties has different interests. The children may not have any other choice but to work in order to earn a livelihood. This may be influenced by their backgrounds which do not allow them to live normal lives like other children such as going to school. The government may be under pressure to fight poverty in the country and by restricting child labor, the poverty burden is likely to increase.

This would lead to higher expenditure in taking care of such children. The lobby groups’ interests is to protect the rights of children from exploitation and harm from doing work that is inappropriate for their age, hence their lobbying activities. The hiring companies on the other hand may be benefiting from cheap child labor and may not be interested in eliminating it.

Finding a common ground would require the formulation of plausible solutions to each of the party interests identified. In this relation, the various interests need to be studied with consideration of how effectively they can be satisfied while eliminating the moral issue (Ruggiero, 2015). The government and the lobby groups must work with the families of the children to understand the reason why they are working at that age.

They should then develop strategies that would ensure that the children can be provided with what they need to live normal lives. Collaborating with hiring companies to consider hiring adult employees is also imperative and this may be achieved by government subsidies to reduce the cost of human capital incurred by the institutions. This should then be accompanied by sanctions to ensure that companies employing child labor are prosecuted. This way, they would stop relying on children for cheap labor…..

Ethical Issues Analysis

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How industrial revolution affected women in minorities in the 19th century

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How industrial revolution affected women in minorities in the 19th century

Analyze how the industrial revolution affected women in minorities in the 19th century.

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How industrial revolution affected women in minorities in the 19th century

The industrial revolution epitomizes an era in which women empowerment gained prominence, as women became educated and increasingly participated in the workforce. Women could now be employed, develop their skills and cater for their families unlike before when they had to depend on men or work at home.

As the world moved towards factory manufacturing, more women had the opportunity to work outside their home and also get professional education. The 19^th century is also considered a notable period in relation to early feminism. Minority women however did not benefit from women empowerment until later in the industrial revolution.

Guy-Sheftall (2011) notes, that minorities and particularly women were overlooked in the 19^th century’s democracy expansion. While the whites, also known as the majority had better opportunities for education and participation in the workforce, minority women were often sidelined in such developments. The 19^th century was characterized by the fight for women rights, mostly the right for equal recognition under the law and right to vote. Previously, women were expected to be homebound and thus take care of domestic jobs such as cleaning, cooking and child-bearing and would not be allowed to socialize.

This meant that women did not have an opportunity to work or get an education. As more women participated in the workforce, they also sought to be freed from domestic labor. This was achieved through employing other women of lower class in their homes, consequently increasing the level of slavery among women minorities (Auguste, 2018). More domestic servants were needed to work in middleclass homes and this was mostly given to minority women.

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The Effect of Online Sales on the Art Market Research Journal

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Research Journal

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The Research JOURNAL (not paper) documents the stages of the intellectual journey that got you through the dissertation. It’s a ‘scrap book’ of things you’ve seen, read, and thought about. It is NOT a bunch of printed out stuff you’ve collated from the Internet, or from articles and books. It documents AND comments on your research. And explaining why which sources where useful etc.

You can present the process of your research as a digital format such as on Workflow
basically 1)go through the dissertation 2)main ideas 3)main developments 4)how these came about 5)sources used and comments and how these contributed to any ideas and thoughts

The Research Journal documents the stages of the intellectual journey that got you through the dissertation. It’s a ‘scrap book’ of things you’ve seen, read, and thought about. It is NOT a bunch of printed out stuff you’ve collated from the Internet, or from articles and books. It documents AND comments on your research. And explaining why which sources where useful etc.

You can present the process of your research as a digital format such as on Workflow
basically1)go through the dissertation 2)main ideas3)main developments4)how these came about5)sources used and comments and how these contributed to any ideas and thoughts

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The Effect of Online Sales on the Art Market Research Journal

A Background

The online art market has evolved tremendously in the last decades, leading to a transformation not only witnessed in how art is developed but also how it is sold and distributed. A study of these changes and particularly the role of the internet in the changing façade of art inspired great interest in me as I sought to understand the changes in both the primary and secondary art markets. It is interesting to note how online sales have opened up new doors for artists and art buyers and collectors through enabling a reach that permeates global borders.

Artists no longer have to rely on physical locations to sell their art and buyers are not restricted to buying art in their home countries only thanks to online sales. Notably, the value of global online art sales increased by 24% between 2014 and 2015, and that by the year 2020, it is expected to hit US$9.58 billion (Hiscox, 2017). In recognition of this momentous growth in art, a further inquiry into how online sales have affected different markets including primary art galleries, auction houses and art fairs was considered ideal for this research.

The aim was to understand how different art markets are responding to the changes emanating from increased online art sales and what it means for the future of art. This journal details my intellectual journey in writing my research, providing my experiences in the development of ideas, how these came about and how the various sources consulted contributed to creation of the research.

The research process

Developing this dissertation required that I plan effectively in order to ensure that the objectives of the research were accomplished. A summary of the various steps undertaken during the research are illustrated as follows.

Research Focus and Topic

Art in general has undergone significant progress, both in terms of art development and art market transformation. On the other hand, the internet has become an important aspect in today’s world as individuals increasingly gain access to the online technology. E-commerce as it is commonly known is the epitome of internet connectivity, enabling individuals from across the globe access products from all corners of the world through online selling.

Art has not been excluded from this advancement and online sales are continually dominating the art market. e-commerce and its impact on sales was the backbone of this research in a bid to establish how the art market was responding to this development. To suit my research, I opted to study the “The Affect of Online Sales on the Art Market.” This topic would allow me to explore how the art market has changed in the advent of online selling. To further enrich my research, I wanted to explore different art markets and how they have been affected by online sales.

These markets included primary art galleries, auction houses and art fairs, all of which have experienced significant transformation as a result of online sales. By studying each of the listed markets, I would be in a better position to understand how different players in the art market are adjusting to the new model of selling online. At the same time, I felt that studying the various markets would not yield the intended results unless I incorporated case studies to accompany the literature. This would give a better understanding of the how the art market has been affected by online selling by providing real-life examples of the various markets.

Main Ideas

One of the main ideas in my research was the role played by the internet in interconnecting people and hence the resulting convenience in trade. Since the advent of the internet, many possibilities among them online selling have emerged and these have transformed the world to a significant extent. This idea was at the core of the research because it sought to determine how online sales have influenced the art market. By understanding that internet connectivity is responsible for creating the online market, it was possible to deduce why the online market is so large and why it provides limitless opportunities for artists.

The second idea has to do with how players in the art market have positioned themselves to deal with growth in the context of online sales. As physical art sale locations continue to lose market due to the rise of online sales, it is only natural for entrepreneuring entities to refocus their strategy to the direction of online sales in order to capture the growing market. The research brings out this factor through the assessment of online art galleries and how they have managed to capture the online market as the physical galleries record deteriorating sales.

Based on this idea, the study examines the emergence of innovative online techniques to capture the market including the development of apps and websites features that enable buyers to evaluate and purchase art online. In this quest, the research examines popular apps including Magnus and websites such as Artsy, Artnet and Artspace. These not only demonstrate how art is being sold online but also the extent to which artists can reach a large market through such platforms compared to traditional art markets…..

Research Journal

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Europe on the Eve of World War 1

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Europe on the Eve of World War 1

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Week 1
Europe on the Eve of World War 1

There is a fairly common view of Europe as a “powder keg” on the eve of World War I, to which the assassination of the Grand Duke Ferdinand in Sarajevo merely provided a “spark.” Professor Merriman veers toward this point of view. For this first week’s discussion I would like you to take the role of an American diplomat who resides in the capital city of one of Europe’s great powers (London, Paris, Berlin, Vienna, Rome, or St. Petersburg) who is called upon to report on the situation there in May 1914. What issues are stoking fears of war and what factors are pointing toward preservation of peace? Please do not jump ahead to the Summer of 1914.

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Europe on the Eve of World War 1 Essay

The current situation reflects a world in which the desire for power is overwhelmingly discernible. Residents in Austria are worried about what could happen and many speculations linger regarding a potential war. Issues stocking fears of war include the current political atmosphere, given Europe’s willingness to defend its national interests even if it means going to war and the issue of balance of power in Europe. This can be explained by imperialism which has affected Europe’s balance of power and thus impacted on the system rendering it unworkable (Martin, 2017).

This means that in pursuit of power, competition is apparent and this could be a sign of a pending war. There exists a security dilemma in which nations must be prepared for war just in case it happens (Schroeder, 2000). With such kind of preparation characterized by the organization of troops, strategy development and investment in war weaponry, nations are effectively prepared to handle war and therefore more likely to engage in war unlike if they were not prepared. The existence of alliances is by far an indication that war is a possibility (Cornish, 2018).

It can be interpreted that each of the alliances is willing to protect its interests and that if this means war, this is what could result (Clark, 2013). Territorial differences that were unresolved also present possibilities of war as each territory seeks to protect its interests. The alliance between Germany and Austria-Hungary for example led to the creation of tension between Europe and Germany, following Germany’s development of a battle fleet that led to some kind of competition in naval arms development (Imperial War Museums, 2018).

Such relationship strains present vulnerabilities that may result in war if they are further provoked. Another example is the strain between Austria and Serbia, with Serbia being considered a threat to Austria in terms of multi-ethnic empire stability…..

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Theoretical basis of Finance Paper

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Theoretical basis of Finance

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Critically assess and evaluate the theoretical basis of finance.
Critically analyse, interpret financial data, by the integration of theory and practice investigate and apply relevant tools to the assessment of a variety of organisational problems.
Systematically evaluate and synthesise the problem solving mechanisms in relation to financial decision making, utilising application of relevant tools and techniques.

Assessment Task:
Using the FAME database, choose a publicly quoted company of your choice.

Write a business report of 2,400 words on the company from the stance of a potential investor. Your review of the company should discuss which key areas you are considering and why. The use of ratios should be accompanied with the limitations associated with their use and what additional data would be required for a full financial review. Your review should incorporate a commentary as to how well the company is performing within its industry sector and/or against a main competitor.

Theoretical basis of Finance

Consider why there may be differences. Looking to the future, discuss what main risks and opportunities the company is facing and how they are addressing these. This section of your report could include both a financial and a non-financial analysis. Appendices may be used to contain information to support your report. It would not be expected that a full set of accounts should be included in the appendices, but extracts from the accounts may be appropriate. One of the appendices should contain your bibliography. The appendices are not included in the word count.

Write a business report, maximum number of words 2,400, to evaluate a public limited company (PLC) of your choice. Your report should detail the areas that you would consider necessary to review and why, including limitations of the analysis. The report should finish with conclusions and recommendations for the investor.

FORMAT & GUIDANCE

Presentation

Please refer to the Assessment Guidance (on moodle page) for detailed information on:

– Academic Malpractice

APA Reference Guide
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Excess word count penalties

Theoretical basis of Finance

University Generic Marking Criteria

It is your responsibility to ensure that you are familiar with the above as failure to do this may impact on your achievement in this assessment

APA Reference Guide and Information can be found here: https://ganymede2.chester.ac.uk/index.php?page_id=1553173 and https://portal.chester.ac.uk/LIS/Pages/FindingInformation/referencing.aspx

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Theoretical basis of Finance

Jaguar Land Rover Automotive PLC is a holding company for the automotive company by the same name. The company, headquartered in Coventry, UK is a subsidiary company to Tata Motors. This paper focuses on the financial analysis for Jaguar Land Rover PLC by looking into the various metrics of financial performance. These metrics used in this analysis include the measures of profitability such as the net profit margin, the return to shareholders’ fund, and the return on capital employed. Other metrics used are the analysis of the company’s liquidity and gearing.

Profitability

Net profit margin

Net profit margin is the ratio that analyses the company percentage of revenue left after all the expenses have been deducted. It shows the company profit earned from the sales it has made. Net profit margin is calculated as: net profit divided by sales multiply by one hundred. Higher net profit margin is an indicator that the company has a good pricing strategy and control any cost incurred effectively. “Jaguar Land Rover Automotive PLC” can use this ratio to compare its performance with other companies in the same industries since firms in the same industry experience almost same environmental change, has got similar cost structure and common customer base (Kraft, 2014).

The net profit margin of a company that is higher than 10% is considered to be better, however, the rage of best net profit margin depends on the industry that the company operates in. in the case of “Jaguar Land Rover Automotive PLC,” it will be good if the company would have been having 10% or more. In general conclusion, the higher the profit margin, and the more profitable the firm is and this margin is affected by the operating expenses (Brigham & Ehrhardt, 2013).

In the years 2009 and 2010, the company made losses and therefore was not having a net profit margin. This implies that the company expenses in the years 2009 and 2010 are proportionately higher than the years after, it also indicates poor pricing and model and ineffective control of business costs. In the years 2011, 2012, 2013, 2014 and 2015 the company profit margin shoots to over ten percent that is, 11.30%, 11.15%, 10.61%, 12.90% and 11.95% respectively. This indicates a perfect improvement by the company as compared to the previous years.

In these three years, the management of the company seems to have formulated good pricing strategies and exercised effective cost control. This, in turn, has caused the company profit to increase by larger amount hence increased profit margin (Fitó et al., 2013). The company expenses during these five years are observed to be proportionately lower than in the years 2009 and 2010. The company profit margin has decreased by a relatively bigger margin in 2016 and 2017; profit margin has dropped to 7.01% in 2016 then further to 6.27% in 2017 provided the company turnover is higher in those years. Company’s costs have increased in these two years as compared to…….

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The Armenian Genocide

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The Armenian Genocide

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3. The Armenian Genocide
Please review the Week 2 Learning Resource “The Armenian Genocide” and discuss the extent to which this event resulted from long standing hostilities as opposed to the immediate circumstances of the war. Please note that the link for this resource opens a general summary of the events. You should also read the “Chronology” and perhaps some of the “Documents.”

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The Armenian Genocide Essay

Long standing hostilities to a significant extent perpetrated the Armenian genocide as opposed to the immediate war circumstances. A historical review of factors preceding the genocide reveals that there was a buildup of political, social, cultural and religious division that had existed for centuries between Armenians and the Turks. The Armenians despite being part of the Ottoman Empire were discriminated against and considered a threat to the Empire which was predominantly Muslim. The Armenians albeit being discriminated still managed to become successful both economically and socially, further leading to distrust by the Turks who were constantly frustrating their efforts (Hovannisian, 2016).

The Armenian genocide was planned long before World War I and this is an indication that the Young Turks had already envisioned the execution of the Armenians. The war only acted as a disguise and as noted by Genocide Museum (2016), the genocide was planned between 1911 and 1912 before the war began (Genocide Museum, 2016). The religious divide in the Ottoman Empire can be established as one of the major causes of tension between the Armenians and the Turks.

The Ottoman Empire was predominantly Islam and while the government claimed to provide equal opportunities for all, people from ‘inferior’ religions were subjected to various oppressive conditions including social and financial restrictions such as poll taxes in exchange for tolerance (Hovannisian, 2016). It was clear that the Armenian population was considerably discriminated based on their religious affiliation but despite this, the Armenians went on to prosper and this created wariness and resent among the Turkish neighbors (Safrastyan, 2015).

This created both social and political tension, more so when the Armenians sought equal to establish their own independence, self-assertion and protection in the midst of hostility from the Turkish government (Suny, 2009). The Turks were ravening to block the ascent of the Armenians and their lingering resentment for the Armenians led them to plan the genocide……

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Workplace Bias

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Workplace Bias

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The kind of working relationships that exist between employees and employers influence the social and economic order in many ways. Workplace bias is an issue that undermines productivity and performance. Good employee-employee and employer-employee relations are products of civilization and education. According to Mann & Roberts (2015), discriminating against a certain race, gender, and group of persons can cause irreparable damages to both the company and the effected individuals.

Therefore, there is need to strengthen the anti-discrimination ideals to trim down the few cases reported in the United States each day. The country needs the finest practices to realize a responsive labor market. The reality is that the extent of scrutiny, time, and quality of information dedicated to training and public awareness can influence the workplace culture. The objective based on the argument of Berger (2015), is to create an environment that is bias free. Institutions like the U.S. Equality Employment Opportunity Commission have formulated recommendations with the aim of creating awareness about the illegality of unfair employment practices.

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