Question #1: Examine the advantages to hiring internally to fill vacancies within an organization. Hiring internally to fill vacancies within an organization has many advantages, both tangible and intangible. Reduced costs during the hiring process and greater employee productivity are quantifiable advantages. Also, hiring internally may be the practice that best aligns with a companies’ corporate culture or strategy. External recruiting can be expensive, and hiring internally provides an avenue to reduce this cost.
2. What are the benefits to businesses (and others) of using information technology for doing work tasks? The benefits to businesses and to people of using IT for doing work tasks are multiples. We all show effectiveness and increased performance when we use a smart way of completing our tasks. Without information technology our work would be slow, poor quality and probably more frustrated peoples for both sides beneficiaries and workers.
(0.5 points)-The way in which a person or group lives. 2. What is the process of earning your income sometimes called? (0.5 points)-Wages, salaries, or work is the process of earning your income. 3.
Bobby Jones believes that by making the managers part owners of the company, they will be motivated to provided better service. Incentive problems exist because of conflicts of interest between employers and employees (Brickley, Smith, & Zimmerman, 2009). Incentive problems occur because the costs of exerting effort are borne by employees, whereas the gains go to the employer. To resolve discontent between employees and employers, employers can sell each employee the rights to his or her total output. When employees own their output, both the benefits and costs of exerting effort are internalized by employees and will result in better productive choices by the employees.
Workplace Flexibility Benefits In today’s business world, employers are looking for those exceptional employees that can become part of their success. This drive for that employee results in serious competition in the marketplace. Employers have found that salaries and typical benefits packages alone might not be enough to get that desired employee. Sometimes, employers do not have deep enough pockets to offer big salaries, stock options, bonuses, etc. Employers are finding that if they turn to workplace flexibility options, they might offer that package that fits the employee’s needs for balance between work, family and health.
Perhaps the greatest benefit of offshoring is the cost advantage it produces, which directly affects the company's bottom line. In tight fiscal situations, any savings in operating costs will contribute toward the company's sustenance and growth. Companies in recession segments sustain themselves and grow through innovation. Lower operating costs means they have more money to invest in innovation, resulting in a stabilized domestic workforce. In the service sectors, the cost saving from offshoring enables companies to create new service lines, many of which had been deferred for want of investment.
Unfortunately, very few organizations recognize that their employees are the critical factor in their success or failure (Javad et al., 2010) and their happiness with the organization and their individual job tasks can make or break them. Today, smart organizations understand that a company’s compensation strategy increases the productivity and motivation of employees, directly impacts an employees desire to achieve organizational goals, and makes the organization more competitive in the marketplace – therefore increasing profits. Productivity and motivation of employees within an organization can be increased or decreased by the strategies the organization utilizes. Both monetary and non-monetary compensation strategies can impact employee motivation and productivity including, direct pay, fringe benefits, job training and development, employee job
Job analysis, and resultant job descriptions and person specifications, form the basis for the initial employment of staff, establishment of employee performance standards and their subsequent measurement, and the determination of grade and classification levels and remuneration systems. These relationships are shown in the diagram that follows. (Compton et al. 2009, p. 28) As work activities of a job change overtime, the requirement for effectively and efficiently accomplish these activities evolve as well. Therefore, job analysis has to be examined and developed to enhance an organisation’s competitive advantage and ensure the ongoing skill development of individuals.
What measure(s) might the company take to obtain valid data for setting the labor time standard? (Kimmel, Weygandt & Kieso, 2011) By Don slowing his normal work pace and not doing his best during the evaluation he set a lower standard for the other employees in the department. Although his actions benefited the employees, it could hurt the company. Now the company could be paying the employees for less work. Also, this will hurt the company’s production.
Reduced absenteeism, though often overlooked, is also a legitimate business rationale; flexible options not only strengthen commitment, but also give employees more time to handle the very situations that sometimes lead to absenteeism. Flexible work programs provide a way for businesses to increase employee loyalty without resorting to making fundamental changes in their operations. The most popular flexible work options are those that involve the least change. Flex-time and compressed work weeks, for example, call for the same number of hours, at the same workplace, as in traditional work arrangements." In addition, some supporters of flexible work arrangements argue that such programs can actually have a positive impact on the productivity of employees.