Collective Bargaining - Protective Services Research Paper

Collective Bargaining - Protective Services - Research Paper Example In addition, if military members, or any government employee, petitioned for higher pay, a wage increase relates directly to an increase in taxes. Although members of the military deserve equal collective bargaining rights as private sector employees, granting said rights creates adverse economic and political implications. Collective bargaining incorporates negotiations between an employer and an employee in order to create satisfactory working conditions for the employee within the employer’s means. The agreements made through collective bargaining include working hours, payment, working conditions, and union procedures (Congressional Digest 2003). In the United States, the National Labor Relations Act or Wagner Act covers the collective bargaining rights and procedures of most private sector employment. ... create collective bargaining rights for certain public and government employees, however, no constitutional act exists to protect the labor rights of the members of the United States military. For example, the Labor Management Reporting and Disclosure Act (LMRDA) provides labor rights for most public sector employees including postal workers and those covered by the Railway Labor Act which covers railway and airline workers (US Department of Labor 2011). While some may argue that the inability to collective bargaining is a breach of military members rights, there are economic and political implications that gravely hinder the ability to easily grant said rights. Recently several states have begun to discuss limiting the collective bargaining rights of their public employees in order to increase revenue and appease the national deficit. Protests continue in these states in response to the abolishment of rights (Wisniewski 2011). Nevertheless, the recent collective bargaining legislati on changes portray the economic implications of granting said rights to government employees. All government employees, including members of the military, are paid through tax money. If military members were given the right to collective bargaining and asked for an increase in pay, it would subsequently mean an increase in taxes for citizens. Such economic consequences hinder the accessibility to grant military members collective bargaining rights. In addition, several political circumstances prevent members of the military to have rights to collective bargaining. According to article 1 section 8 of the United States Constitution, members of the military abide by a different set of rules known as the Uniform Code of Military Justice: "The Congress shall have Power . . . To make Rules for

Hermes financial analysis Essay Example | Topics and Well Written Essays - 1750 words

Hermes financial analysis - Essay Example Gucci and Louis Vuitton are seen to embrace modern fashion more than traditional garment and accessory designs. This creates a distinctive advantage for Hermes. The current paper focuses upon analysing the financial ratios. The ratios have been constructed on the basis of the information procured from the company’s financial statements. The analysis reveals whether the company is in a suitable financial position to expand and enhance their activities (Hermes annual report, 2013). The share price of Hermes has been depicting an upward rising trend. Share price can be considered to be an essential indicator of the financial health of a company, the same reason due to which share prices of Hermes has been included in the current study. The company has been seen to invest in profitable expansion and growth projects since the last five years. This has facilitated Hermes to maintain a significantly high share prices, as compared with other close competitors of the firm, especially during the crisis period. During the crisis period many retail firms were seen to face issues with asset management and maintaining adequate cash reserves, as support from external financial institutions was limited. However, the strong operating policies and the adequate financial stability of Hermes had facilitated the company to maintain continuity of operations without being dependent on external finance. The sales volume of Hermes had also not been affected majorly. All such factors facilitated maintaining adequate returns to shareholders and maintain rising share prices. In the following sections of the current paper, in depth analysis has been conducted in respect of the financial condition of the firm, considering the financial years 2012 and 2013. This is expected to give more insight regarding the reasons behind the company’s ability to maintain high share prices. Gross profit ratio measures the amount of profits earned by the company