They should set up a system that encourages the employees to “go the extra mile” without penalizing them on their hours. Also, employees would be paid accordingly to work extra time, which it was not the case based on the reading. I would also change the commission system so that slow hours of work get a better commission rate than the busy hours. That way working the slow hours would not be so bad and the SPH’s of both different times of day will even out. Additionally, I would suggest a more centralized management since mid-managers had too much freedom, and sometimes focused on their own personal goals and not the team or corporation goals.
My Boss, L.J. Watkins, wants to cut cost because of increased competition from another firm and some changes have already been made. Before these change Watkins Co. had a relatively laid back atmosphere in which supervisors did not frequently push or confront employees that often. Wages were considered low for the area and as a result workers would work overtime to make up for their low pay. They were unsupervised during these overtime hours and reportedly were very productive.
Companies will have an opportunity to choose among the best talent on the market. Without fictional unemployment people would tend to stay in their current jobs for life and create a stagnant system that could create a negative effect like subduing innovation. Fictional unemployment is also important because it matches the demand for workers with the supply from companies and helps bring equilibrium into the labor
The learning curve will present challenges in that, employees will maintain the need to refer to the old system to proceed with business as usual. Possible struggles presented by the learning-curve are expected from several employees. Some will adjust more than others, but the main challenge is in the adaptation or orientation phase. Technologically, since the system is equipped with back up software, it should eventually eliminate the need for hard copy records and files. This will save time in the long run, which should encourage most employees despite their initial frustration with the management system change.
For a company to retain talent it must offer more incentives for the employees than that of its competitors. Your company encourages the decisions and ideas of the employees but more programs could be put in place to help retain employees. Implementing a program that offers rewards for time and cost savings not only benefits the employee but also the company by projecting a positive image of employee worth to the company. Keeping the companies hiring practice on the national level is required for all employees that work in the retail stores but if there is a need for technology or manufacturing of a particular product I would recommend global labor. The ability to tap into the global labor market will make the company more competitive by being able to offer competitive prices on products due to lower overhead cost associated with the offset in the labor cost.
Competitors – they will be only interested if the Business means “ASDA” is not doing so well as this will mean more business for them , because they are offering the same services within the same area. They can use the financial statement of “ASDA” as a “bench mark” for their own performance. Owners- they are the most important stakeholders, because they have established the business and they devoted a lot of their time for the company success. They are the stakeholders, who have the higher interest for the business to raise on profit and value. Employees and Managers- their interest is that the company provides them with decent live hood.
They believe customer is a valuable asset to their company and they are willing to make less money from products in order to build a relationship with clients, so they will come back to the store again in the future. 3. The six components of retailing mix are product, place, promotion, price, presentation, and personnel. They
This provides applicants and employees to have a full understanding of what the position involves and what is expected of them. Employee referral programs This is a great strategy because employees constantly acquainted with someone who wants to work and are in the job market. Using employee referral decrease the time used to locate a job-hunter that is qualified enough to work with the company. With this strategy it decreases the amount spent on advertisement. According to Maxwell (2004) “it would be very considerate to give the employees whom have the best referral a bonus.” This strategy usually works because no one wants to work with a person who does not like to do their own job, and an employee will never request to hire a person they know cannot hold a job.
What recommendations would you make to someone coming into the field? What direction would you point them in for better preparation of the professional world, and what would you advise them to not worry so much about? Being able to know your own limitations will help you in setting the limit for what you can handle. Being able to leave the work at the office and to not feel a personal bond with your clients helps to keep things in perspective, because they are not your friends, and keeping it at a professional level always makes the job a bit easier and your career that much more successful (personal communication, Oct. 21, 2010). 6.
2 Practices that support diversity can reduce the likelihood of discrimination by allowing an employee to work their hours around family arrangements or other commitments, displaying acceptance to a diverse staffing team allowing a diverse range of people to work there, which in turn will reduce discrimination because there are not strict rules on working hours thus leaving people with difficult commitments to work at all. The government have also placed frameworks to reduce discrimination, which allows people of different age groups providing they are old enough to legally work, it safeguards people of different sexual ethnical or religious backgrounds to work the same job without any legal risk of discrimination. Which leads onto equality,