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.
Acquire or Develop Talent: engaging in an acquired talent strategy shifts the responsibility of employees to human resources department to all managers throughout the organization. The process of attracting and retaining profitable employees is well promoted in the organization so this really increases more competitive relation between firms. But if you refer to the book if the company wants to achieve a full acquisition strategy then Tanglewood is going to have to acquire new talent. This is obviously the best strategy for Tanglewood due to its evident looking at the case. They are some inconsistency in the management styles between the first set of stores and the more recently acquired stores.
These overall improvements have been a step in the right direction for Lowes’ future. These improvements however do cost money but like every good business man or woman knows to make money you sometimes have to spend it. So this can affect Lowes financial planning in the present and future, currently sales and profits have grown because of the new mobile devices therefore the risk factors are minimized due to the knowledge that these improvements are working but Lowes must continue to analyze the cost for these new improvements every year make sure these things do not become a financial burden. Therefore cost analysis is one factor that can affect the financial planning of the company also minimizing the use of these devices to only the stores is another factor that needs to be considered in the financial planning process. Spending money on training of these devices are also factors that must be considered this takes employees time and cost the company man hours and thus money that could be spent on other things.
The Castor Enhanced plan can be overhaul to fit the need of the employees. Some of the services can be removed which will help cut some of the cost. Then the plan can work for the companies with paying a little lower premium for each employee and the cost will be weigh out with a healthy person not going to the doctor as much and paying the same cost. .Castor Collins need a health plan to service the employees to locate the problem that needs to be treated and cut the time from them being absent from work. Most employees will work on themselves, making matters worse instead of going to the doctor.
Case Study Analysis Jennifer COMM/215 August 9, 2010 Mary-Beth Brophy Case Study Analysis Introduction A company should already have in place a procedural manual for the hiring and training of new employees and trainees. Carl discovered too late, several issues that he would have had to formalize and/or define and have in place, prior to implementing new trainee orientation. In this paper, I will discuss the issues that Carl is faced with and present solutions that could be used to avoid similar issues. Background ABC, Inc. was looking to hire some people to work with Monica Carrolls, the operations supervisor. Carl Robins, the new campus recruiter for ABC, Inc., was in charge of recruiting several people to fill these positions.
Once employees are selected to be hired they should be given a deadline to submit for a drug screening and a physical this should have been arranged by Carl. Now that the trainees are ready for employment with ABC Inc. the next step is to setup orientation. Check the scheduling log for an open slot for orientation reserve this time. Once the time is reserved for orientation, call the trainees and inform them of the time they need to be there. Since the room Carl had planned to use it already booked, Carl needs to find a new space for orientation.
Also he should attempt to contact any new hire that has not completed all portions of their application process including the drug tests and physicals, to see how many of them could complete them as soon as possible. As for the documents missing from the orientation manuals he could do his best to complete them and make sure all manuals had every document needed to complete orientation. He still has some time to complete as much of the process as he can before the 15th of June. He will need to tell his supervisor that the orientation room is reserved for someone else through the month of June. He can offer to move the orientation to July or move the orientation to another room.
A merger would best be used in this situation since it will help lower his taxable income and he can improve his operations and competitiveness. If he feels that the investment in new manufacturing equipment will help increase profits and can take on the extra liability, then he should buy Smithon. His debt –to-equity ratio will rise and may cause him to have a hard time getting money to finance his company. But with a two year loss he is keeping his taxable income down and may be able to show investors that things are going to turn around when all operations are working together and
I believe the individuals applying for the homeshoring position will change to extent that the job pool will widen because candidates with disabilities that are confined to their homes will now be viable/qualified candidates to enter the work force. This intern helps the economy become stronger because it will decrease the number of people collecting disability payments because they are unable to
First you can look at expansion into other markets. A company will only expand if the move will help make them more money overall. Now look at employment, companies only hire people as needed. When they are in season and the work output is needed, people will be hired. If they are out of season and output is down, less help is needed so layoffs will occur.