Why Is It Advantageous for a Modern Employer to Fire Employees Essay

wherefore Is It Advantageous for a Modern Employer to Fire Employees - Essay ExampleThe article entitled Risky business, notwithstanding not for the boss, by Ross Gittins, describes the elements of take chances, both from a business perspective and that of the average employee and local citizen. terce specific activities are mentioned in the article, with the emphasis on the contemporary tendency of modern business to qualify risk-related expenses away from the company and onto the employee. These risks include the offering of superannuation to employees, inventory, and production, and full-time versus part-time workers. The article discusses longevity risk (Gittins, 2007), which entails a companys pass oningness to provide a contribution to retirement and pension accounts. Historically, companies contributed more, however, today employees are expected to shape financial arrangements (outside of high company contributions) which will sustain them long-term. This reflects a cha nging attitude on behalf of todays expectant companies, which are focused on eliminating expenses associated with business operations and long-term employee compensation. The Marxist economic theory focuses on the growth of big business and its relentless drive for capital accumulation (Kang, 2006). Under Marxist economics, free market capitalist economy is affected by the laborers who bring these companies increased growth and revenues. Shifting risk to the employees satisfies corporate profitability objectives, which could escape to more social and community improvements, however, long-term the impact on the political-economic landscape is immense. When these individuals reach retirement age, they will have fewer finances available, due to corporate risk-shifting practices, leading to decreases in consumption. In this instance, governmental discussion is required to ensure that these employees maintain a significant retirement income so as not to perturbation the balance of su pply and demand which keeps the Australian economic system afloat.