1.Critically evaluate if the National Minimum Wage (NMW) have an Essay

1.Critically evaluate if the National Minimum Wage (NMW) have an effect on business performance and increase reward grades - Essay ExampleThey continue to argue that with the introduction of this wage, a great percentage of human labor has been re addressd by machinery since the employers attest to the fact that inclusion of the employees in the workplace has become extremely expensive due to the costs that come from reinstatement of wages to the employees. However, other analysts differ with this disputation arguing that the wage has increased employee performance in the workplace.In the look into carried out by two & Manning (pp.95), the National tokenish wage (NMW) has acted as a foundation in which employers can offer ripe pay to their employees. This works by virtue of the wage being in a position to sleep with the increases in wages and controlling all aspects that may lead to cutting down of costs. The National minimum wage (NMW), on the other hand also attempts to be a t par with the changes that take place in relation to employees and the wage rates. Nevertheless, other analysts argue that it is extremely tasking for employers to deal with the task of adjusting to the tough frugal conditions and dealing with demands of the National Minimum Wage (NMW) as imposed by the government. This essay shall attempt to lose it the National Minimum Wage (NMW) and the effect on business performance and increase reward grades.The study aim of the National Minimum Wage (NMW) is to reduce poverty rates in UK. This is according to research conducted by Dickens & Manning (pp.95), who indicate that with the National Minimum Wage (NMW) the employees have no option notwithstanding to work in their workplaces or venture being unemployed. In this case, therefore, employees do not want to risk getting into the labor market that does not allow for easy entry into the market thus, give the stovepipe that they can manage whilst in their current jobs.With proper distri bution of income in the market, Arrowsmith et al, (pp.435) indicate that there atomic number 18 high chances that individuals will be