Concept Of Compensation

Running head : CONCEPT OF COMPENSATIONConcept of Compensation[Author s Name][Tutor s Name][Class]AbstractThe fancy of allowance dates mainstay to 2150 B .C . when Sumerian societies have employ the first laws to play workers for embodied injuries . With time , the nonion has gradually acquired its contemporary indicate , and has turned into a comprehensible and effective tool of compensating workers and press employers from damage suits .Concept of CompensationIntroductionThe construct of requital was changing in match with the changing conditions of labor . Compensation is fairly considered to be the round past digit of social insurance . Industrialization and the ontogeny of the new stresss of labor required adapting the basic compensatory provisions to the razz of the working society Simply defined , work ers fee recompenses , gives something to a worker one who performs labor for another , for services rendered for injuries (Hood , robust Lewis , 2004 . Historically , even the antique societies exercised various sets of rules which later took for the form of compensationThe theory of compensation dates back to 2150 B .C , when Sumerian tribes enforced the compensation for bodily injuries among the workers (Kramer , 1998 . At that time , Sumerians labor was already regulated by the so-called law of Ur-Nammu (Kramer 1998 . The law provided existing compensation for bodily injuries and has actually generated the concept of compensation the discuss we understand it now Later in 1750 B .C , the concept was slightly changed under Hammurabi code , which not only balance for bodily injuries , but also covered permanent impairments (Kramer , 1998 . The ancient Greek , Arab , and Roman societies lived and worked according to the compensation schedules which included the very(pr enominal) cost of compensations for bodily i! njuries As antiquity was gradually replaced by feudalism , and later , by industrial enterprise , the concept of compensation has experienced significant shifts the concept of compensation for worker was echo up in the doctrine of noblesse oblige an sure-enough(prenominal) lord would care for his injured serf (Hood , Hardy Lewis , 2004The American transition to the English law has seriously impacted the concept of compensation . It has given birth to the well known implike trinity of defenses which included the notions of contributory negligence , the fellow retainer rule , and the assumption of risk These three types of defenses were used by employers to protect their rights and to avoid compensating their employees for being injured at study . For example , the fellow servant rule stated that employers were not held responsible for the fellow employees negligence which resulted in bodily topographic point of a worker (Hood , Hardy Lewis , 2004 Evidently , during the early American years , the concept of compensation was losing its meaning and relevance for employers , spillage away employees completely unprotected in the face of the maturement industrialization . The 19th century in the U .S . has pass away the crook point in increasing the effectiveness and utility of the compensation concept for employees Early in the 1850s , the courts got overloaded with the cases of employee bodily injuries , which prove the tragic inefficiency of the compensation system in...If you want to prepare a full essay, order it on our website: OrderCustomPaper.com

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