SUGGESTION
By reading it I understood that the employers has to contribute certain percentage of their salary to their pension plans. And we discuss about that, how to change such system;
In my idea the government can introduce a new system, in which the amount deducted from the salary can use in a government funding agency by participating in the market, so if the government or the newly formed organization can use the fund in a proper manner the same amount can be given back to the employee, and hence in the next month there is no need of further reduction in salary. And this money will circulated in the market and there will be an active participation in market.
But the introduction of such an Organization is not much easy and the controlling of such Organization is very difficult and there is a risk involved in it. But if it is introduced, it will be a new idea which throw light on a new innovative idea.
The government has to contribute a great portion of it's expenditure on the pension funds of the employee, here it has a great burden over the government. But in this method there might be a reduction in the burden of the government.
OR
SUGGESTION
We can create an Employee Grading System and we can fix a grade, if the performance of the employee is over that grade they can be excluded from paying their part to the pension plan. Here the working efficiency of the employee is valued.
It is also an innovative idea that can be experimented in between the employees and which will Increase the working efficiency and their dedication towards the work, which in turn result in an economic progress. But the Criterias, under which such a classification is possible is limited or in other words it is such complicated.
1. Employees in Canada are required to pay into the Canadian pension plan. Suppose the government...
In May of the current year, your employer received a PIER report from the CRA that identified Canada Pension Plan (CPP) contribution deficiencies for employees in the organization who:turned 18 during the yearturned 70 during the yearhad chosen to opt out of paying CPP by submitting a completed CPT30 formTo avoid a recurrence, the Payroll Manager, Andreea Sinclair, has asked you to prepare a summary of the CPP reporting requirements on T4 information slips. The summary will be used to...
P19.12 You are the auditor of Beaton and Gunter Inc., the Canadian subsidiary of a public multinational engineering company that offers a defined benefit pension plan to its eligible employees. Employees are permitted to join the plan after two years of employment, and benefits vest immediately. You have received the following information from the fund trustee for the year ended December 31, 2020: Discount rate 5% Rate of compensation increase 3.5% Defined Benefit Obligation Defined benefit obligation at January 1,...
Subject: HRM Introduction and Instructions You have recently been hired as the Director of Human Resources for Wilson Brothers Canada and have HR responsibility for all of the company’s Canadian operations. Bob and John Wilson have asked you to prepare a report for their review focusing specifically on organizational behavior within the company. Review the Wilson Brothers Case Scenario in depth and address the required topic listed below in your analysis report. Marks are allocated for thoroughness of coverage of...
STEP 1: In your own words define problem employees and the categories they may fall into. For the second or last paragraph provide your opinion on which employee type is the most difficult. DEFINITION : I think that "problem employees" are employees that either directly or indirectly hinder the organization's mission or vision, and break down into roughly four categories. In general, problem employees can be classified into two broad categories - employees creating problems for the organization and employees...
Case Study 12: Hong Kong Police’s Project Management B Chuah Background In the 1990’s, Hong Kong Police (HKP) was responsible for the public safety and internal security of Hong Kong. She came under the umbrella of the Security Bureau of the Government of Hong Kong. It had more than 34,000 employees, of these, over 26,000 were disciplinary staff. This was the largest department within the hierarchy of the Government of Hong Kong. The organization structure of HKP was rather complicated....
And there was a buy-sell arrangement which laid out the conditions under which either shareholder could buy out the other. Paul knew that this offer would strengthen his financial picture…but did he really want a partner?It was going to be a long night. read the case study above and answer this question what would you do if you were Paul with regards to financing, and why? ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Data Analysis Project Part 1Custom Fabric Ventures is a small company that produces fabric-based wardrobe accessories (such as, handbags, scarves, and headbands) and home accessories (such as placemats, pillows, and window treatments). The company keeps a limited number of popular items in stock, but primarily produces custom orders. Customers are able to choose from a wide selection of styles, sizes, and fabrics for each type of product. Most of the company’s customers are small boutiques, home décor shops, and home-decorators...
The discussion: 150 -200 words. Auditing We know that computer security audits are important in business. However, let’s think about the types of audits that need to be performed and the frequency of these audits. Create a timeline that occurs during the fiscal year of audits that should occur and “who” should conduct the audits? Are they internal individuals, system administrators, internal accountants, external accountants, or others? Let me start you: (my timeline is wrong but you should use some...
internal project 1 anything helps! thank you!! Instructions: Study the case that starts on page 3 carefully. Then write concise answers to the following questions regarding the internal control system of Duarf, Inc. Clearly label your responses with proper headings and subheadings. Be very specific and precise. Answers that appear to be beating around the bush will not get any credit. 1. What are the controls in place that under normal conditions should function well to prevent embezzlements or frauds?...
How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...