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Seven Eleven Scandal Assignment

   

Added on  2021-05-27

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Running head: SEVEN ELEVEN EDITORIALSeven Eleven EditorialName of the Student:Name of the University:Author Note:
Seven Eleven Scandal Assignment_1

1SEVEN ELEVEN EDITORIALThe Financial ReviewThe seven eleven scandal is widespread and is bringing to light the inhuman nature of theprevalent corporate practices in different parts of the world. It is a very big issue in the economicand financial context of the term. The students with visa who are allowed to work for 20 hours aweek without tampering the Visa conditions were affected the most as they are the most prone towork abuse.This company is paying a fee as low as $10 to its employees with the stores stealing fromthe pockets of the customers by up to two third of the total revenue generation. The amount ofwage abuse is currently reported to be at a level of ten million dollars a year. Raids recentlycarried out by Fair Work Ombudsman claim that sixty percent of all the twenty stores acrossAustralia are burdened with issues related to the payroll.Workers have claimed that working for the store had become a nightmare for them asthey were paid wages as lows as $10 and $14 whereas the standard rate of working fee was at$24. Also there was the concern about the penalties that were not paid for working on extra shiftsat night and on public holidays and weekends. The seven eleven issue is also gaining impetus because of the misleading nature ofdealings between the head office and the franchise stores. For example in one of the franchisestores the updates of the working hours and schedules were perfect but the payroll was incorrectwherein the store showed the records of only four workers working. However, there were sevenpeople working in the store in real. However, unlike most other head offices, Seven Elevenauthorities have made no report to the police or taken any legal actions against the franchise storemanagers in spite of being well aware of the situation. According to the latest financial statement
Seven Eleven Scandal Assignment_2

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