Monday, May 25, 2020

Determining The Cost Per Hour Difference Between A Minimum...

Introduction The purpose of this report is to determine the cost per hour difference between a minimum wage employee working 40 hours per week for 52 weeks located in Cornwall, Ontario and Pittsburgh Pennsylvania. The result of this report will be used for the establishment of a new distribution centre. All the elements of employee’s salary in the city of Cornwall and Pittsburgh will be covered in this report. The report will make the use of exchange rate for comparing the difference in wages in two countries now and after the completion of 5 yrs. An employee working anywhere across the globe, the employer is required to offer certain benefits to the employee for his economic and social welfare. The report will be covering all those†¦show more content†¦The currency exchange rate has to be considered when the decision is based on cost figures of from two countries with different currencies. The Consumer Price Index (CPI) used to calculate inflation rate in a country has to be used in forecasting the future minimum wages as minimum wages are in proportion with the inflation rate. Discussion and Analysis Structure of Payroll in Cornwall, Ontario 1. Minimum Wage The minimum wage rate in Ontario is $11.60 per hour for 2017 and the minimum wage rates are subject to annual indexation based on the inflation rate as per the Government of Ontario website. Since, Inflation rate is measured through Consumer price index so, by taking the CPI data of 10 years we have forecasted the CPI of 2022. As per the CPI the forecasted minimum wage of 2022 is estimated at $12.51 per hour. 2. Health care costs The employer health tax (EHT) is a payroll tax on remuneration paid to former employees and employees. The EHT rate varies from 0.98% to 1.95% of the wages depending upon the total payroll of the Ontario employer. 3. Employment Insurance The federal government directs the employer to deduct the employment insurance (EI) premium out of the employee’s insurable earnings on a condition that the employee must be in insurable employment. The employer also has to make the contribution of 1.4 times the amount deducted fromShow MoreRelatedAns1A Essay1015 Words   |  5 Pagesthat the wages of young high school graduates fell. In what sense has the true â€Å"cost† of a college education been changed by this development. Other things equal, if wages of young high school graduates decline, the potential alternative use of time spent studying in higher education†¦namely, working with only a high school education†¦has relatively less value. Therefore, the opportunity cost of student study time measured in foregone wages is lower. Assuming no change in the explicit costs of higherRead MoreMinimum Wage And The Labor Act Of 19382220 Words   |  9 PagesThis research paper will be addressing minimum wage and the comparison and correlation of it from when it was first instituted through the Fair Labor Act of 1938 to now in 2015. This paper will also go into the inequality of pay concerning women as well. Some factors that I’m focusing on are instances that have affected minimum wage, firstly the affect that unions had in guaranteeing the continuing rise of minimum wage along with inflation until it began to stagnate in the 1970s, which seemed toRead MoreWage and Salary Administration6872 W ords   |  28 PagesWages and Salary Administration Present by, Mosammat Rasheda Khanom Lipa Contents page no. 1.0. Introduction 1 2.0. What is wages and salaries 1 2.1. Difference between wage and salary 1-2 3.0. Wage and salary administration 2 3.1. Nature and purpose of wage and salary administration 2-3 3Read MoreCvp Analysis Snap Fitness1510 Words   |  7 Pagesidentify the estimation of Snap Fitness’ start-up and variable costs with the inclusion of a cost-volume-profit analysis, the measures needed to achieve net income, its various variable costs, and an analysis on why opening a franchise with Snap Fitness would be a good idea. Estimation of Snap Fitness’ Start-up and Variable Costs (Section A) In determining what Snap Fitness estimated variables are, one needs to look at the monthly fixed costs. Currently, each location of Snap Fitness spends $4,000 inRead MoreMinimum Wage For The State Of California2115 Words   |  9 Pagesis defined as minimum wage. Though every state has its own specific rate at which to pay its employees, some margins between states differ more than others. In the state of California the minimum wage is $10 per hour, for now that is. Government officials that take into account many factors regarding the health of the economy now and in the future determine this rate. For many people of the state that living wage is still not enough. So today the public has voted that the minimum wage should be increasedRead MoreLabour Economics6478 Words   |  26 Pagesmanpower is applied and utilized in modern society. It is concerned of natural resources in the land†. Scope of Labour Economics:Labour economics has to deal with may be stated as manpower pla nning, labour organization, labour relations and public policy wage and employment theory, collective bargaining theory and practice of social security and welfare etc. According to Dr. G.P.Sinha, the following areas of study may be listed to fall under the preview of labour economics:I. Institutional framework ofRead MoreProblems on Cost Accounting70221 Words   |  281 PagesStudy Material INTEGRATED PROFESSIONAL COMPETENCE COURSE Cost Accounting and Financial Management Part 1 : Cost Accounting Vol. I The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi PAPER 3 COST ACCOUNTING AND FINANCIAL MANAGEMENT Part – 1 : Cost Accounting VOLUME – I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study material has been prepared by the faculty of the Board of Studies. The objective of theRead MoreShould There Be A Minimum Wage?3645 Words   |  15 PagesThere Be A Minimum Wage? In today’s times, there is a lot of debate going on about the wages of workers all around the nation. The major question is: Should there be a minimum wage salary that a person can earn? Securing employment is not easy to do in the U.S. at this time, and the rate of compensation is low. When people are paid little to nothing to work an eight hour shift, they get angry because it does not provide enough for them and their families. People who are paid minimum wage fall intoRead MoreStandard Costing4521 Words   |  19 Pagesemploy predetermined costs for valuing inventory and for charging material, resource, overhead, period close, and job close and schedule complete transactions. Differences between standard costs and actual costs are recorded as variances. Manufacturing industries typically use standard costing. Costs of items can be shared across organizations using standard costing. A note on the same has been provided in this paper. An attempt has been made to understand the way in which costs are built up for aRead MoreRisk Management Plan For A Company1333 Words   |  6 Pageswe will build our product and there are number of risks involved. Some of these risk plans that I will discuss are the ways we will be managing risks in our company. We can reduce the likelihood of a manufacturing accident by lowering the number of hours an employee’s work because of fatigue. This can ensure that employees are focused on their jobs and not getting distracted. Another prevention method could be moving dangerous equipment’s to a different side of the factory where special safety precautions

Thursday, May 14, 2020

Depression And Anxiety Of Kirsten Scheimreif - 1518 Words

The patient, Kirsten Scheimreif, has been experiencing episodes of depression and anxiety from a recent family encounter. Kirsten was with her father’s side of the family during a holiday event and she was fully aware of her father’s recent attempt at becoming sober. Kirsten informed her father’s side of the family of her wishes of having a nonalcoholic holiday event in honor of her father trying to become sober. She was told by her family that her wishes would be respected from all family members at the event. During the holiday event, Kirsten was notified by her younger brother, Brendan, that family members were hiding their alcoholic drinks from her. Kirsten was under the impression that everyone had accepted and was respecting her wishes of a zero alcohol policy at this holiday event. Kirsten became very angry and hurt when she discovered that family members were sneaking around with alcohol at the holiday event. Kirsten’s brother Brendan also i nformed her that everyone else knew alcohol was present at the holiday and that they all knew to hide it from her, including her father. As a result of this betrayal from her family, Kirsten has refused to talk and associate herself with her father’s side of the family. Theoretical Orientation- Cognitive-Behavioral Therapy Cognitive behavioral therapy is a â€Å"therapeutic approach based on the principle that maladaptive moods and behavior can be changed by replacing distorted or inappropriate ways of thinking with thought

Wednesday, May 6, 2020

The Affordable Care Act Of 2010 Essay - 2139 Words

Introduction President Barack Obama put the Affordable Care Act (ACA) in place in 2010 and it has been utilized since. Obama says, â€Å"the Affordable Care Act has made significant progress toward solving long-standing challenges facing the U.S. health care system related to access, affordability and quality of care† (2016). Therefore, the Affordable Care Act of 2010 has been a working progress towards upholding the iron triangle of healthcare, which is cost, quality, and access. During the current election, healthcare reform has been a rousing topic that has raised a lot of support for the candidates and also concern for their future plans. For healthcare administrators, this is important so they can strategically start planning for the election results because the effects on healthcare will be major and will not be able to happen overnight. Hillary Clinton plans to simply modify the Affordable Care Act and add a public option; while on the other hand, Donald Trump wants to abolish the Affordable Care Act entirely and replace it with a health savings account and a high deductible and high premium driven system (HDHP). Both of these possibilities affect healthcare and the iron triangle, but they affect the triangle in different ways, which is important for healthcare administrators to prepare for. Financial Implications Trump and Clinton’s financial implications differ due to what they each want to accomplish. Clinton states that she wants to control health care costs soShow MoreRelatedThe Affordable Care Act Of 20101605 Words   |  7 Pages The Affordable Care Act of 2010 Clautilde Dixon Purdue University Northwest â€Æ' The Affordable Care Act of 2010 Generally, healthcare policy is a term that defines the layout, procedures, plans or actions that are utilized to acquire health care goals in communities or societies. There are different forms of healthcare policies, such as H.R. 3962, the ACA (Affordable Care Act). The official name of this policy is ObamaCare and President Barack Obama signed the act into law in 2010. This policyRead MoreThe Affordable Care Act Of 2010969 Words   |  4 PagesThe Affordable Care Act The Patient Protection and Affordable Care Act of 2010 (ACA of 2010) was the first time the U.S. government had addressed the issue of providing insurance to all Americans in a significant way (Shi Singh, 2013). President Barack Obama signed the ACA of 2010 into law on March 23, 2010. Since then the comprehensive reforms that the law provides, has been rolled out in stages throughout the years following. Some of these changes included, in 2010 a new Patient’s Bill ofRead MoreThe Affordable Care Act Of 20101033 Words   |  5 PagesAs discussed previously, the Affordable Care Act of 2010 passed by the legislature, drastically changed the entire healthcare economy. In fact, ever since the ACA was passed it was required by law for hospitals to increase the amount of attention given to the individuals of the community in order to meet their needs. Also, the ACA allowed close to 10 million individuals to have health insurance through Medicaid and private health insurances, wh ich has a high impact on all the hospitals, such as YaleRead MoreThe Affordable Care Act Of 2010969 Words   |  4 Pageshealthcare system, the Affordable Care Act (ACA) and Health care education and reconciliation act of 2010. The ACA assist in easy access to high-quality and cost-effective and also assist in the shift of the nation’s health care system in the direction of primary and preventive care. Also the health care education and reconciliation act is an initiative to motivate nurses and provide grants and scholarships to acquire higher education and take active part in the reformed health care system. In order toRead MoreThe 2010 Affordable Care Act1499 Words   |  6 PagesThe 2010 Affordable Care Act (ACA) is the most current governmental effort to bring a national health care plan to the United States (U.S.). Policy makers in the U.S. are hopeful the ACA will be able to extend health care coverage to 47 million nonelderly uninsured citizens (Kaiser Family Founda tion, 2014). The ACA broadens the Medicaid eligibility for low income individuals at or below the 138% Federal Poverty Line (FPL) and adds tax credits to assist people to purchase insurance in the HealthRead MoreThe Affordable Care Act Of 20102316 Words   |  10 Pagesfederal government and by the states. The Affordable Care Act of 2010 retains the CHIP eligibility standards and extended CHIP funding until October 1, 2015. The Affordable Care Act also provides an additional $40 million in federal funding to continue efforts to encourage enrollment in Medicaid and CHIP. Working to keep children healthy is something that all governmental opponents can agree on. Medicaid and CHIP together provides health care coverage for low-income families. BothRead MoreThe Affordable Care Act Of 2010 Essay2445 Words   |  10 Pagesin domestic and economic policy specifically must be addressed thoroughly and provided with the best solution available. One of the most controversial policies implemented by President Obama and the Democratic Party was the Affordable Care Act of 2010. The Affordable Care Act aimed to cut the rate of uninsured Americans and increase the quality of healthcare that they were receiving. While this has been somewhat effective in its own regard, there is much more room for improvement. Now that insuranceRead MoreThe Impact Of The Affordable Care Act Of 2010741 Words   |  3 Pages Health Care Reform The Affordable Care Act of 2010 expanded access to health insurance in the United States to millions of uninsured individuals. Early findings indicate that there have been significant reductions in the rate of uninsured among the poor and working age adults. Consequently, the number of adults who did not get needed health care because of cost declined as well as the number of adults who reported problems paying their medical bills. Hpwever, despite the many advances the AffordableRead MoreAffordable Care Act Of 2010 ( Aca )807 Words   |  4 PagesAffordable Care Act The Affordable Care Act of 2010 (ACA) was designed to make medical insurance coverage affordable for all American citizens. Provisions were established to make certain uninsured individuals and no or low-income households can qualify for Medicaid or coverage through one of the health insurance marketplace exchange. North Carolina is viewed as an example of the impact the ACA would have on the nation. North Carolina is one of the states that chose not to expand Medicaid (HolmesRead MoreThe Patient Protection And Affordable Care Act Of 2010 Essay917 Words   |  4 Pagesquality of health care services and the overall patient experience. Innovative measures are needed to meet these expectations, while also containing the rising costs of health care. The government has enacted new laws in attempts to provide incentives that base Medicare payments in part on quality. In fact, the Patient Protection and Affordable Care Act of 2010, requires the implementation of value-based purchasing ( VBP), which bases Medicare reimbursement rates on the quality of care (Kennedy, Wetzel

Tuesday, May 5, 2020

Targeted Strategies to Promote Nursing

Question: Discuss about the Targeted Strategies to Promote Nursing. Answer: Introduction: The concept of common good finds its utility in analysing the ethical and moral issues influencing the care delivered to the vulnerable group of patients. In professional literature the common good is relates to health care, nursing, ethics, and political action, which apparently indicates that common good is a particular groups determination regrading what comprises good (Matney et al., 2016). Nurses play an important role in health care. However, there are challenges in the profession of nursing in realising the aspirations of the common good in the professional community locally and globally which is concern of this article. According to the rich literature highlighting the relationship between the nursing and the common good the term common good is an impetus for action (Fall-Dickson et al., 2015). Nurses promote common good by concerning for a people in the professional community. Despite the benefits associated with integration of common good in the professional of nursing several there are many challenges observed. The first challenge is to identify the way in which common good helps in advancement of nursing practice. According to Moch et al., (2016) the profession of nursing is existing because of the support an perception of people that nurses are essential to preserve the health care aspects of common good. In my opinion it is due to the societal forces it was possible to promote nursing profession, growth of the advance nursing practice role, shape the funding priorities of the nursing research for example for focusing disease prevention, understanding the interplay of genetics and others. Therefore, if nurses fail to benefit the society by promoting common good through compassion and caring the practice could be substituted by technology to be handled by technicians. The challenge is due to increasing vulnerability of nursing profession as documented by several researchers. For example, medicine has adopted many nursing activities focused on risk reduction. Conversely, nurses have assumed specific medical procedures such as interpreting electrocardiograms and telemetry outputs in intensive care unit. There is a growing evidence of increase in responsibilities that are nondiscipline-specific for example wide variety of individuals is performing physical examinations (Donley, 2017). Further, the greater emphasis on the evidence based practice and cost despite being essential is reductionist. Consequently, it may fail to capture the nursing contributions to health care. It interferes with the common good. The second challenge includes identifying the utility of the common good to document the nursing contributions to society. The guidance to nursing practice has been established by using the value of common good as a construct. It led to the development of several public health services such as greater access to antibiotics and immunization program (Donley, 2017). The nurses who work for individuals and whose work affects the social group have the implications of common good. Thus, it is difficult to identify as to how in response to the societal changes the variation in the definition of the common good construct occurs. The third challenge is the implementation of evidence based practice and elucidating its relationship with common good. Nursing interventions must be supported with strong scientific base otherwise it may be considered as dubious activity. The ability of nurses to promote common good globally is questionable if the actions of common good are benefiting society indirectly with limited evidence based support (Greenhalgh et al., 2014). The fourth challenge includes financing issues when integrating common good in the nursing practice. When implementing common good the society does not agree with the way the health care costs arebalanced against benefits. The fifth challenge is unclear concept of the common good. Due to existence of sufficient ambiguity it is difficult to integrate common good into the profession of nursing. It is still questionable if providing confidential treatment can serve common good because it does not assure anonymity even if all the instances of communicable diseases are identified (Donley, 2017). There are several healthcare organisations that have not explicitly integrated the common good in the nursing practice. I believe that common good is beneficial to patients, nurses and the society if it is clearly defined and articulated. This core concept of benefiting society appears as unifying approach and will be greatly accepted in the area of public health and in nursing practice. References Donley, R. (2017). Nursing and the Common Good. Chausa.org. Retrieved 20 January 2017, from https://www.chausa.org/publications/health-progress/article/november-december-2006/nursing-and-the-common-good Fall-Dickson, J. M., Yearwood, E. L., Anderson, K. (2015). Targeted Strategies to Promote Nursing Faculty Individual and Collective Scholarly Excellence. Greenhalgh, T., Howick, J., Maskrey, N. (2014). Evidence based medicine: a movement in crisis?.Bmj,348, g3725. Matney, S. A., Avant, K. C., Staggers, N. (2016). Toward an understanding of wisdom in nursing.The Online Journal of Issues in Nursing,21(1). Moch, S. D., Vandenbark, R. T., Pehler, S. R., Stombaugh, A. (2016). Use of Action Research in Nursing Education.Nursing Research and Practice,2016.