Gender and Inequality in the workplace Essay Example | Topics and Well Written Essays - 1500 words

Gender and Inequality in the workplace - Essay Example However, when it comes to gender inequality at workplace, Canada seems to be having one of the worst statistics. â€Å"On average, the estimated earned income for Canadian women is $28,315 compared with $40,000 for men†(Canada ranks 20th in global gender equality study, 2011). The purpose of this paper is to study why Canada has such bad statistics with respect to gender inequality even though it has a reputation of one of the most civilized nation in the world. Issues related to gender inequality in Canada Canada is a country to which immigration is rapidly growing. â€Å"In 1981, there were approximately 1.1 million visible minorities, accounting for 4.7 percent of the total population. By 2001, the number of visible minorities reached almost 4 million or 13.4 percent of the population† (Banerji, 2006, p.2). The above statistics clearly show that the minority population size in Canada is growing at a much rapid pace than that in other parts of the world. Majority of t he women from immigrant community are coming to Canada for employment. In fact the women from immigrant community are suffering more employment discrimination and wage inequality compared to the local women. This is because of the increased racial profiling and stereotyping. â€Å"For instance, using the Ethnic Diversity Survey, Reitz and Banerjee (2005) found that while only about 10 percent of White respondents perceived overall societal discrimination in the past five years, more than a third (35.9 percent) of visible minorities reported experiencing discrimination† (Banerji, 2006, p.2-3). The increased participation of women in paid work seems to be the major factor behind increased gender inequality in Canadian workplace. Earlier, women were not much interested in coming out from the kitchens and look for any paid jobs outside. In fact male domination prevented them from doing so. However, the changing concepts of social life and the increased call for men and women equa lity helped women to break the barrier and increase their participation in outside jobs. Theoretical perspectives A separate study released by the Toronto-Dominion Bank says the earnings wage gap is related to motherhood. "Women in this group appear to be incurring larger wage penalties unrelated to their skills, education and experience,† the bank says. â€Å"Evidence strongly suggests that labor force intermittency is the main, yet multidimensional, culprit." Women without children tend to have similar wages to men with comparable levels of experience and education. Women who leave the workforce to have children tend to experience "an unexplained, but persistent" wage gap of about 3% per year for each year they are away, the bank says (Canada ranks 20th in global gender equality study, 2011). Motherhood seems to be a major reason for the wage inequalities and employment discriminations in Canada. Motherhood prevents women from working as normally as men. Motherhood imposes certain burdens upon the females and therefore it is difficult for them to work just like men. Employers know this fact very well and they cite those reasons while explaining employment discriminations at work places. Genetically men seem to be much stronger both physically and mentally than females. In other words, women cannot undertake some jobs which require hard labor and mental strain. Even though, current females are willing to undertake any jobs,

Management of New Venture (MBA Program) Essay Example | Topics and Well Written Essays - 750 words

Management of New Venture (MBA Program) - Essay Example Their compensation will be considered as their investment and the share will be proportional to the total investment of the partnership company/venture. After all, mere financial investment cannot run a business. There should be someone to look after the business. In the present problem the two members who have agreed to put in their hard work have to be compensated equally or as per the terms put in the partnership deed. The contributions of the members shall be the capital of the firm. If any further capital or loans or deposits are required by the firm to meet its expenditure then such loans/deposits/capital shall be arranged or invested or even contributed by the partners. These investments if made by the partners will amount to an additional percentage of shares to be held by them. Also at the end of the accounting period the partners are liable for interest at 18% per annum or as prescribed under Section 40(b) (iv) of the Income-tax Act, 1961 or under any other Act applicable, on the amount standing at their credit. Such interest paid will be considered as an expenditure of the firm and will be debited to the profit and loss account of the firm before the divisible profit/loss is calculated. The two partners who have agreed to put their heart and soul into the business will have to be paid remuneration as laid down under section 40(b)(v), which is read with 3rd explanation of the Income-Tax Act, 1961. The remuneration will be distributed among the two partners in an agreed percentage. The partners are also eligible to revise the method of calculating the remuneration as agreed to by and among the partners from time to time. The partners will have to form a board of directors and elect a member as a Managing director who will look after the whole business. The Managing Director will be responsible for the acts of the partners collectively or individually in the conduct of the business. Meetings have to be conducted at regular intervals and the partners will have to attend the meetings. An agenda has to be prepared before every meeting lying down in clear terms as to what is the purpose of the meeting and what the discussions that would be held at the meetings. Holding of shares of each partner will be based on the amount of investments which they bring into the business. Bibliography: Chapter:xxi "Choice of Organization and Ownership", by Saravanavel, Margham Publications