Question

BACKGROUND

Laura Moore has recently left her job as a Graphic Designer to open her own Company; a Graphic Design Agency dedicated to the creation and design of apps for mobile devices. Laura has decided to be self-employed.

To do so, she will have her business premises, which belongs to her father, in Barcelona downtown and she will have to hire:

• A visual designer
• A developer
• An administrative assistant

1. To hire the administrative assistant, Laura has decided to offer an indefinite contract. It is her first employee that she will hire and this has a recognised degree of disability of 37%. Explain to Laura what bonuses and reductions could be applied in the hiring of the administrative and what type of contract should do exposing its main characteristics. You must prepare the work contract of the Administrative Assistant in the corresponding oficial model.

Once the contract has been drafted and completed according to Spanish regulations, you must specify in detail the differences of this if it had been made in the United Kingdom.

2. We know the salaries agreed with two of the workers.

It develops the different steps to follow to prepare the payroll of each of them and the financial nature of each of the ítems involved:

a. Administrative Assistant. Three-month seniority. He has an indefinite work contract, base salary: € 1,500. Collective bargaining: € 50.

He has two extraordinary six-month accrual pays and receives the mon 06/30 and 12/31 of each year for an amount equal to the base salary. He has a disability of 37% and is single without children. He has made two overtime hours that month at a rate of € 15/h.

b. Visual designer. 2-month seniority. He has a temporary contract.

Base salary: € 1,950. Collective bargaining: € 100. Productivity: € 6 / day. It has two extraordinary six-month accrual payments and receives them apportioned each month. He is married and has a 9-year-old son (his spouse receives income of over € 1,500/year).

Once you have developed all the steps to follow in each case and the amount of the items, make the offcial payroll of the administrative assistant.

3. A year and a half after being hired, the administrative officer requests a period of leave of six months due to personal reasons.

Make the severance taking into account that:

-    The leave is granted from July 25^th.

• The worker has 10 days of vacations pending.
• During the month of July he made a total of 6 overtime hours

You must specify the conditions of the periods of leave in Spain and compare them with the terms of one of the countries studied; UK, United States or Canada (you can choose the country you want).

Answer 1

1. We know the salaries agreed with the 2 of the workers: It develops the different steps to follow to prepare the payroll of each of them and the financial nature of each of the items involved:
2. Administrative Assistant: 3 months seniority. He has an indefinite work contract, base salary; 1500 pounds. Collective bargaining: 50 pounds:
3. He has two extra-ordinary 6-month accrual pays and receives them on 06/30 and 12/31 of each year for an amount equal to the base salary. He has a disability of 37% and is single without children. He has two overtime hours that month at a rate of 15 pounds/ hour.
4. Visual designer: 2-month seniority. He has a temporary contract:
5. Base salary: 1950 pounds. Collective bargaining: 100 pounds. Productivity: 6 pounds/ day. It has two extra-ordinary 6-month accrual payments and receives them apportioned each month. He is married and has a 9-year-old son (his spouse receives income of over 1500 pounds/ year).

Once you have developed all these steps to follow in each case and the amount of the items, make the official payroll of the Administrative Assistant.

• Based on the financial nature of items that are involved with each worker, our online assignment help experts develop certain steps that aid them in creating a robust payroll of administrative assistance.
• Studying and analys ing the details of both the workers, our assignment helpers can decide the accurate payroll that each work out to get in these international finance management assignment answers.

A year and a half after being hired, the administrative officer requests a period of leave of 6 months due to personal reasons.

Make the severance taking into account that-

• The leave is granted from July 25th
• Worker has 10 days of vacations p
• ending.
• In July he has made 6 overtime hours.
• In this question also, students are given a situation wherein, it is the most critical step to get through with the accurate details of the employee so that the future can be easily determined.
• Like, information about July 25th leaves’ records, pending leaves and overtime (OT) details are all mentioned in this Case Study. Based on this information, our financial management assignment help experts can draw a parallel between Spain and some other country and compare the scenarios in both of them.

CASE ANALYSIS

1. Foreign exchange and political risks:- Numerous fluctuations take place in the exchange rates based on multitudes of reasons. Resultantly, this impacts a lot of processes related to financial management such as consumption, investment functions of several companies, production and more.
2. Market imperfections:- There are various barriers to market imperfections which constitute legal restrictions, discriminatory taxation, asymmetrical information, high transportation costs, etc.
3. Expanded opportunity sets:- Nowadays, it has been observed that the huge firms that consider entering the international market make use of many opportunities like deploying assets, raising the funds, expanding their locations in the world etc. to gain a monopolistic hand amongst other companies.