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Scenario 3.3
You have recently been hired as the HR manager for KM Contracting, a medium-sized construction company with offices throughout Canada. Many of the company's trades employees are unionized, and one of the company's largest contracts is with the federal government. It has come to your attention that Ms. Jones, an elderly woman who works as an office clerk, has been humiliated and treated disrespectfully about her obesity for 11 years. She has been called offensive names and heard comments about the way she "waddles." During this time, her manager criticized her work performance and stated that "women are best working at home in the kitchen." She has been passed over for promotions and no longer applies for other positions because of her low self-esteem resulting from the intimidating workplace environment. The company's discrimination policy states that it promotes a work environment that is free from discrimination. Managers have stated that they cannot always distinguish between inappropriate or illegal discrimination behaviours. The CEO has asked you to educate all levels of management about the legal requirements that must be met in recruitment and selection. He also wants you to develop some practical nondiscriminatory recruitment and selection guidelines for all employees.
-Refer to Scenario 3.3. What new legislation will affect KM Contracting's hiring practices?
Expected Inflation
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, as anticipated by consumers, businesses, and investors.
Purchasing Power Parity
An economic theory that estimates the amount of adjustment needed on the exchange rate between countries so that an exchange is equivalent to each currency's purchasing power.
Eurobond
A bond issued in a currency other than the home currency of the country or market in which it is issued, often not subject to the regulations of a single country.
International Bond
A bond issued in a country by a non-domestic entity, often in a currency other than that of the issuer's country.
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