By having these policies it will show that the company is willing to be competitive and will do what it takes to recruit and retain employees. There is a problem with a policy like this. It would not be a low cost strategy. Companies would be paying more for certain jobs or all jobs but they would be paying a lot in compensation. To do this the company would have to take away from other parts in the company like training, development and growth.
The cost of training a worker is also reduced as the worker does not have to be trained in every aspect of the company only what he is going to be doing. The immediate drawback to this however is that he will not be trained in the jobs of the other workers, and if he is not there to perform his duty no one else will be able to. For this reason, broad assignment while usually less efficient allows for flexibility in its workforce, which allows the company to pivot for loss in workforce of changes in tasks. Grouping the teams based on function allows for the teams to have higher team coordination and again increases the flexibility of the individual worker. Workers within the function become much more knowledgeable about the function because they work amongst many different products performing the same task in each.
With this frame of mind, they lack the motivation to do better and succeed. ), Collectivism (The w/c value being part of a group. This may hold them back as they will take the group’s decision on something, which may be to not attend school, not revise etc. ), Immediate gratification vs. deferred gratification (The w/c believe in IG where they want the reward straight away. This can affect their education as they will not want to stay on in further education, as they can get a job and make money straight away.
A massive layoff by a business decreases the business’s expenses because they will have fewer employees on the payroll. The business will also have less production and may have less income as a result. A household is affected by a layoff because an entire income is lost. When a household loses an income, spending is decreased to compensate for that loss. Businesses also suffer when massive layoffs occur.
CONCLUSION Being put in a team to do assignments can be very hard for some people because they may like to work alone. But if you think about it if you work in a team you can get the work done in half the time. It won’t put a strain on you worrying how can you get the work done, knowing you have to work and do other day to day things. As long as you designate who is going to be the leader and do what the leader tells you or ask you to do, the team will be fine. Just think how exciting your paper will be with all the other ideas, they may think of things you had no idea even existed.
Selling products online will make it easier for Innocent to reach to wide range of customers. Another challenge that Innocent could face is being able to keep its current employees because during recession Innocent might struggle to pay wages so they might think of paying minimum wages. This may makes employees to leave the jobs and look for better jobs with higher wages. So it is essential for Innocent to provide as fair wages as they can to keep their existing employees. During recession Innocent would mostly want to survive.
Many workers fear losing their jobs because of the fact that finding another will be a hustle for them. Due to this firms take advantage and overwork their workers without extra
Over time management concepts have evolved into modern techniques that rely more on listening to and understanding the needs of employees as more businesses realize how much more productive employees can be when they have some control in their team or work environment. I do feel that some leadership decisions can and should be made directly by the leader or manager in charge, as there is not always time available or valid reason to ask opinions or suggestions from the entire group. However, there are a lot of leadership decisions that can be better resolved with input from the people that will be directly affected by the decisions. Providing employees some control over their work situation can provide them with more work satisfaction; keeping employees happy in their workplace will
Less people would have to depend on welfare and other community services to get by. Many people depend on welfare because the current minimum wage is not enough to satisfy their basic needs. So, an increase would help more people help themselves. An increase would benefit all workers because it would push wages up for all employees. An employer would not be able to hire an unskilled employee for the same amount of a skilled employee, who has been employed longer.
Like any employer from for profit organizations, nonprofit organizations also require candidates with skills and ability to do the job well. However, they also look for candidates who are really interested in their organization in terms of the issue they are working on. Nonprofit organization often needs employee who is really care about what they are doing and expects their employees to put in extra hours, working during weekends, or make do with limited resources [ (Green 2010) ]. On the other hand, if the new employee does have passion for the issue of the nonprofit organization but he/she is lack of the skills to do the job well, he/she would probably expect a pay