Discuss the main differences between minimum pay regulations, retirement, and paid time off practices in the United States versus a country of your choice. Do the differences create competitive advantages or disadvantages for the United States organization in competing in a global economy? Cite at least two outside sources as references in your initial response. Check details and cite about pay regulations retirement and paid time off practices
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Minimum pay regulations, retirement, and paid time off practices in the United States versus Canada
In this discussion, United States was compared with Canada and the main reason for selecting Canada is due to geographic proximity to the United State as well as its large economy. Starting with the minimum wage, Canada has a statutory law that requires employers to pay minimum wage(Martocchio, 2011). The minimum wage scale is determined by the province the workers lives and works in. the minimum wage in the United States is determined at two levels of government; Federal and State. When their a collision between the Federal and State minimum wage law, the employee is entitled the higher minimum wage of the two.
In terms pay time off practice, the Canadian worker is entitled to two weeks paid vacation and paid holiday. This is the privilege that is lacking in the United States and the employer has the discretion to offer or not to offer paid vacation and paid holiday(Lowe, et al., 2002). Looking at the two countries, Canada is competitive since the workers are guaranteed of pay time off, unlike the United States workers who is at the mercy of the employer. However, both countries have maternity and paternity leave. Yearly, Canadian worker have accumulated 17 weeks leave whereas the United States’ worker is entitled to 14 weeks leave, which also make Canadian worker to have more competitive advantage. Both countries have laws that allow employer to offer their workers compassionate care leave. In the United States, it is termed as Family and Medical Leave Act (FMLA) and the worker is entitled to 12 weeks unpaid leave whereas the Canadian worker is entitled 8 weeks of unpaid leaveto care for a family member(U.S. Department of Labor, 2019). In addition, have similar retirement and pension plans where the scheme is funded by the federal and provision taxes. The qualified workers receices vision, dental…………………………………………………………………………………………………
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