Business law article Example | Topics and Well Written Essays - 500 words

Business law - Article Example For example, in Europe, a three week vacation is normal but workers in America are not keen in even taking a week off much less three week vacation. Employers however are encouraging tenured employees to take vacation by giving them incentives ranging from $750 to $1,000. The idea was to avoid being burned out at work and to reduce work related stress. Nobody will disagree that everybody needs to rest and have a break at some point. Studies have shown as indicated in the article that employees who unplugs from work reduces the risk of being burned out and reduces work related stress. But having a mandatory long break in a business setting where long breaks are not typically taken may have an adverse effect on the operations and bottom line of a business which is not desirable particularly at this time where companies are still in the process of recovery from a long period of recession during the 2008 financial crisis. Employees having long vacation will obviously leave the business understaffed and a business who is not used to being undermanned may have hard time adjusting and this may affect the company’s competitiveness. Having fewer tenured staffs around meant that the inexperienced employees have to step up and this could make the business under its optimal performance that could leave many customers dissatisfied thus undermining the competitiveness of the business. The timing of implementing sabbaticals or long vacation is also a suspect. It raises the question whether employers can actually afford giving its employees long vacation and to top it, with an incentive that goes with it. It is only recent that companies have recovered from the crisis and most companies may not yet that have deep reservoir of resources to send their employees on long vacation. The efficacy of the sabbatical program is also doubtful in American context who have the penchant of working long as â€Å"work martyr complex†

The United States from the World War II as the Strongest Economy in Research Paper

The United States from the World War II as the Strongest Economy in the World - Research Paper Example Each of the countries which signed their allegiance to the Bretton Woods indicates its recognition of four important factors. This uniformity becomes the cornerstone and the main factor which holds the international economy together. First, all the nations involved recognize and agree that â€Å"the interwar period had conclusively demonstrated the disadvantages of unrestrained flexibility of exchange rates† (Cohen 4). It can be recalled that the Great Depression in the 1930s has become a grim reminder of how floating exchange rates discourages trade and investment while increasing the risk of destabilization and competitive depreciation. On the other hand, architects of the Bretton Woods are also reluctant in adopting a permanently fixed exchange rate like the 19th-century gold standard. Thus, avoiding both maxims, delegates agree on a â€Å"pegged rate† or â€Å"adjustable peg† currency regime or a par value system (Cohen 5). Thus, each country is obligated to choose a par value in their national currency and intervene in order to maintain the exchange rate within 1% above or below the preset rate. Secondly, all nations hold that â€Å"if exchange rates were not to float freely, states would also require assurance of an adequate supply of monetary reserves (Cohen 6).† The financial hegemony held by the United States during the period significantly affected the final decision: â€Å"a system of subscriptions and quotas embedded in the IMF, which itself was to be no more than a fixed pool of national currencies and gold subscribed by each country†.