What is the average pay package for a new I.I.M. recruit?

Please help me this English paragraph, I'm Japanese?

• I'd try to answer thier question but it very hard, please help me :(( Thanks thanks alot alot alot..... 1 Why is this new agreement ‘dynamite’ as far as business leaders are concerned? 2 What do you understand by the expression ‘two tier’ workforce? 3 How does this agreement challenge the ‘two tier’ workforce? 4 Why will this agreement mean that the private sector firms bidding for public sector contracts will now have to compete on quality rather than cost? ______________________________________… In February 2003, the government announced a code of practice to ensure that new workers contracted to private sector firms to undertake public sector work would be offered terms and conditions ‘no less favourable’ than their colleagues who had been transferred between the two sectors. This has led to protests from the private sector operators regarding the viability of public private partnerships as competition on the basis of cost will be restricted. This rather surprising move by the government has been reported in the Financial Times. Yesterday’s accord on the ‘two-tier’ workforce in local government may sound like ‘legalese’, but as far as business leaders are concerned, it is dynamite. The unions have clinched a code of practice that covers all workers taken on by companies in England that sign new contracts to provide public services for local authorities. They are to enjoy ‘fair and reasonable’ terms and conditions ‘which are, overall, no less favourable’ than those of their colleagues who were working for the public sector and were simply transferred. But until the last minute, the business community had been confidently expecting the considerably vaguer and woollier ‘broadly comparable’ formula. Under the more watertight deal, employers are allowed to vary the elements within the package but it must be just as good overall. In practice it means that many low-paid workers covered by the new code are likely to enjoy a significant pay increase. The national minimum wage is £4.20 an hour, but from April local authority workers will enjoy a minimum wage of £5.33, following last year’s ground-breaking deal, which boosted the earnings of the poorly paid. Employers could pay them less than this, but they would have to offer another benefit as part of the overall package. Employers’ other main gripe is against the enforcement provisions. This is no mere voluntary code of practice, as the Confederation of British Industry wanted, with unions having to wait until the Audit Commission forced a footdragging employer into providing better conditions. All new contracts will have to be compatible with the code, and if employers are accused of breaches the ultimate recourse will be to an independent arbitrator. The unions have also won ground on the pensions issue. Pensions are excluded from the overall package of terms and conditions, but joiners under new contracts will have to be offered membership of either the local government pension scheme – an employer pension scheme with matching employer contributions of at least 6 per cent – or a similar stakeholder scheme. This move, the first time private-sector companies have been under a statutory obligation to contribute to a pension, will be particularly welcome since it bucks the trend towards decreasing corporate pension provision, as stock markets decline and pension obligations become more onerous. Business leaders object to the code on the grounds that giving private sector workers the same pay and conditions fossilises working practices and artificially bids up wage costs in places where labour is plentiful. A reference to terms and conditions that ‘take into account the need to recruit and retain quality employees, and conditions in local labour markets’, which featured in last year’s draft code, has been removed. They regard the agreement as an unwarranted intrusion by government into their affairs. Union leaders claim that the objections by business expose the fact that exploiting workers has been the main route by which companies have made money out of their private-sector adventures. The government claims that the ‘no less favourable formula’ allows enough flexibility to transform practices if desired. In practical terms, the code will take a while to have much effect on costs, but has the potential to transform pay throughout the hybrid public-private world. It applies only to public-private partnerships put out for tender after the final details of the code are settled next month. That means that few workers will gain for perhaps nine months after that.

• Answer:

  1. Dynamite- something highly volatile. The results are highly unpredictable,but the result is unlikely to be a good one!'As far as business leaders are concerned it is dynamite" It sounds to me as if they think it could be more trouble than it is really worth! 2&3.I understand a two-tier work force to be one which works on two levels.Perhaps both skilled and unskilled labour is what is meant. So while the basic minimum wage will be at a certain level,that is the lowest amount that any will get as a wage,not all will be paid at the same level. 4. Companies will have to compete on how good their products actually are.Being the best,not just the cheapest.. So even if one brand costs a little more than another,it ill considered to be more worth buying if it is of significantly better quality That is how understand it anyhow.