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Essay / Research Paper Abstract
This 3 page paper assesses some of the costs that business face as a result of labor laws in both France and Greece, including aspects such as the cost of the unions, dismissal costs and the impact of social policies. The bibliography cites 5 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEfrancegre.rtf
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Unformatted sample text from the term paper:
only is there the impact of the demand and availability of labor but the way in which labor is regulated with labor laws. The very laws that were out into
place to protect employees and their rights can also become barrier to taking on of new staff due to the associated costs. This has been the case in both France
and Greece. In both countries there has been high unemployment and labor costs have been seen as a barrier, costs that are in access fo those required to meet the
standard of EU employment legislation. France recently made attempts to cut the cost of employee young people under the age of 26, the Contrat Premiere Embauche or CPE was
passed by parliament and it allowed employers to take on staff under the age of 26 for up to two years as a trial, during that time they could dismiss
them for any reason., without having to give a reason. This would have potentially reduce the costs of employing young people, among whom unemployment is highest (BBC News, 2006). However,
despite this passing parliament protests from union have forced the government to back down (BBC News, 2006). The costs associated with employment in France are high, it is estimated that
the cost to the employer on top of the wages is up to 50% in France, to put this in context the additional costs for a US employer in New
York would be 7.65% (Morais, 1998). On top of this the costs of employment also increased as the former laws that set a number of different minimal wages were harmonized
in 2005. The impact was to increase the lowest minimum hourly rate by 11.4% over a period of three years, giving the employees an increase of 6.5% in their purchasing
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