Abstract Employers implement retention strategies to manage employee turnover and attract quality employees into the organization. Retention programs focus on the relationship between management and their workers. Competitive pay, benefits, employee recognition and employee assistance programs are all part of a company's attempt to maintain employee satisfaction. Human resources specialists utilize feedback they receive from exit interviews and focus groups to improve employee relations and reduce turnover. Transitional development issues plague corporate America daily with the ability to hire and retain quality people; costs associated with training new hires, and conversely seek avenues in improving employee dissatisfaction.
It listens and considers the needs, suggestions, and rights of employees that managers are so often, unequipped to do. In movements such as “Business Unionism” (Schwind, Das, Wagar, 2010, p. 496) unions are formed to protect workers, increase wages, improve work conditions, etc. Similar to class action lawsuits a union uses its strength in number to influence corporate and government organizations, in treatment of its employees and laws affecting employees. One employee alone may not have as big an impact. The greater amount of employees in a union rather than standing alone isn’t just beneficial to the company of that union, but it has been historically shown to be beneficial to the economy as a whole.
There are a lot of factors that can influence an employee’s motivation which make it such a crucial part of successful management. Describe the factors that may affect motivation levels in the workplace Motivation levels can be affected by many factors within the workplace. The most basic of these factors are the pay, job security, environment and fringe benefits such as medical cover and life insurance. Most of the above are seen as the normal of a job (pay and job security) or extras (medical cover and life insurance). It is important thou that an employee has enough money to able to live as they will soon lose focus of their companies aim and become more content with finding another job or asking for pay rises.
Chapter 14 Analyzing Managerial Decisions: Structuring Compensation pg 446 By: Tia Woods 1.) There are numerous ways that explains the difference between two firms dealing with compensation plans. One of the reasons why is how Parkleigh’s may believe the main reason of sales leads to sales incentives, and how having great customer service with nice, outgoing staff helps build a sale, and reflects on the high completion to customers. That’s like making the staff work harder to have a better visualization of the firm, from cleaning the dressing rooms, to making sure all the displays are showed to be impressed by customers so they can buy an item or two. All of these aspects would help raise store sales.
Unions lobby to improve hours, wages, and working conditions in a certain company. Most can help to provide insurance, employment services, and other certain benefits. They also continue to give workers a voice in corporations and make the employees feel as if they have a sense of power in making the decisions. The eight hour day, the weekends, and the Social Security is just some of the few victories labor unions have had to work for to receive for all Americans. They have the ability to influence companies very well.
They tend to rely on work for their income, bonuses, discounts, bonuses and holiday pensions. This meaning they either like or do not have to like their job but they are still working because they need it to live by. Although they are helping Tesco by a significant amount they may take this as a chance of security for their futures and also a chance of meeting new people. Workers at Tesco maintain a big job at hands, as they have to show customers the respect and the idea of customers coming by again. Managers You may feel that managers have a different type of job to workers as they do different things to workers but in actual fact they too work to live by on.
Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
This haphazard operation was causing everyone stress and, with the anticipated growth of the company that requires employing more people, payroll expertise was needed to ensure compliance. CASE SUMMARY GUIDELINES: Who are the stakeholders? INTERNAL 1. Employees – want accurate pay with proper deductions; 2 key employees in payroll are in over their heads and need help 2. Company’s President /Owner – similar to employees but also interested in what the reporting capabilities can tell them about the company in relation to reward, performance and budget management 3.
As for the junior salespeople in Syntel, many techniques could be done to lessen its high turnover. * Provide opportunities for these salespeople to grow his skills, knowledge/expertise, and income. Although it does not mean promotion exactly. * Put a competent sales manager/s who will hold this team. They should have to be able to assess if they are providing the motivation, coaching, and resources needed for these salespeople to perform.
Workplace Motivation Paper PSY/320 May 14, 2014 Workplace Motivation Paper There are varieties of reasons why people go to work every day. The largest incentive to work is to make money therefore earning a living. When it comes to basic human needs e.g., food, shelter, clothes, and transportation are paramount. However, there are other benefits to working which are non-monetary. When starting a new job, a new employee will learn of all the non-monetary benefits that the company has to offer.