Purchase Solution

Compensation and benefit practices in the U.S: Timeline

Not what you're looking for?

Ask Custom Question

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

Purchase this Solution

Solution Summary

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.

Solution Preview

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 ...

Solution provided by:
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution


Free BrainMass Quizzes
Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Introduction to Finance

This quiz test introductory finance topics.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.