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    compensation, considering, synonymous,

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    For many people, today's pay issues have become synonymous with ethics issues.Where is the ethical bottom line in compensation policy? Propose an ethical standard or statement as a model for any company. Try to build consensus on what language best reflects the ethical standard for paying employees today. Do not limit your discussion to the United States, especially considering the global nature of our economy.

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    The ethical standard for paying employees today in the context of global nature of our economy is to ensure that the employees of global companies get a minimum wage that is the lowest hourly, daily or monthly wages the company's may ethically pay to employees or workers should be the higher of minimum wage the employer may legally pay in either the host country or the home country.

    Let us take a practical example; an American company is having production facilities ...

    Solution Summary

    This solution gives you ethical standards required in compensation.