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Compensation and benefit practices in the U.S: Timeline

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Can someone help me. I have a assignment to create a timeline illustrating the major historical landmarks leading up to today's compensation and benefit practices in the U.S. I am very confuse in what to do. If anyone can help I would really appreciate it. Thanks

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The answer to this problem explains the timeline of compensation and benefit practices in the U.S. The references related to the answer are also included.

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In compliance with BrainMass rules this is not a hand in ready timeline but in only guidance.

Timeline illustrating compensation practices:
In 1636 the first pension law was passed by Plymouth giving pension to colonist disabled in the colony's defense.
In 1798 Congress set up the United States Marine Hospital Service which was financed by deductions from seamen's wages.
In 1862 the first income tax law was passed and the office of the commissioner of internal revenue was set up.
in 1877 the Granite Cutters Union set up the first national sick benefit plan.
In 1894 the New York City started the first pension plan for public school teachers.
In 1913 the Department of Labor was set up as an independent executive department.
In 1920 the Civil Service Retirement Act gave coverage for most federal civilian employees.
In 1926, The Railway Labor Act accepts the principle of collective bargaining. The federal tax exemption is extended to pension plans.
In ...

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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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