If the company has low skilled employees than they will not be making the most out of their assets because there will be more wastage in production, this can result in an increase in the amount being able to provide to the public. If production levels fall then the company will make less money because they will not be able to see as much to the public as they could if they did have highly skilled workers. Therefore it is important to review the workforce plan constantly to understand when more highly skilled workers will be needed. External The fact that the current market has a global shortage of mining professionals does cause a problem to the company’s long term projects. This is because the company will need highly skilled workers to maximise production without a large range to choose from.
Should the minimum age be raised? One very important controversy most people all over the world are dealing with involves money. There never seems to be enough of it. Minimum wage in the United States is approaching an all-time low. Some believe that raising the minimum wage would hurt people by making it harder to find jobs, when it actually will create more job opportunities for Americans.
By hiring new graduates, employers can save money by spending less on training, gain new and fresh ideas from different fields and have employees that are adaptable at multitasking while being more technologically savvy. There are some beneficial reasons for employer to hire fresh graduate over an experienced person such as cost of salary and other cost for resources. The opportunity cost, employers should seek the opportunity of student and experienced person by comparing them. The cost of experienced person is higher than a grandaunt. For example if an employer hires an experienced person for $40 he or she can hire a grandaunt for $20.
As the ageing population continues to grow, the dependency ratio will continue to rise and there the ratio of workers to dependents in unbalanced. There are less people to support those that are dependent both financially, through taxes perhaps, and socially. To combat this, Governments could increase taxes so that there was more funding to support the elderly, as in pay for their residential and medical care, but this would cause disputes among taxpayers. An alternative to this would be to revoke pension and service rights or by introducing a cost, which would exclude elderly people that belonged to the proletariat. Marxist would suggest that introducing a higher tax or introducing costs for welfare support would be society’s way of extending the oppression of the proletariat, keeping them poor and preventing revolution to form a communist
The veterans were taking the better clients giving themselves a better commission. This also left the territories under worked and not producing as many sales as possible. The final problem that Dave Thomas encountered was enforcing the strategy and policy with the older sales people. While the younger sales people are driven and respectful to new changes, the veteran sales reps are used to the old way and the enforcement of new changes is difficult. As far as strategy, there is consistently a discrepancy between selling high volume or selling only high margin items.
They should also speak with an attorney to make the best decision. The given situation does not specify whether there was a waiver agreement and so the company is most likely vulnerable to a charge considering that they are in violation of the ADEA. This blatant discrimination act favours the 32 year old employee for the promotion over the 68 year old employee. The older employee has 42 years of experience with the company and has a great reputation and work ethic, yet a younger employee gets the promotion despite his adequate performance. Naturally there could be other factors that affected the decision but ultimately it appears that age is the main factor, violating
Going back to the selling to customers with a higher credit risk, while they say that they will review the aging of the accounts receivable on a daily basis, is that possible for Loren to do on top of all the other work that needs to be done? Or in this case would they need to hire another person to take some of Loren’s workload which would in the end cost even more money for the company. In each of these situations they are talking about spending more money to keep away from the risks that are mentioned, but if they get to the point where they are losing money because of the risk and also because of the extra position that they added, they could be in really big trouble
Since men are the most principal stature in the current society, they are therefore entitled to additional jobs, contrary to their female counterparts. In the workplace, it is a great deal to locate women with similar experience as well as education level securing equivalent jobs position as men. On several occasions, whenever a woman gets a better job than a man, her remuneration is different and slightly lower than any man would have if he is recruited for a similar post. In justifying this proposition, Hamlet disputes that women must be given better prospects to work for a lesser amount of full-time schedule given that they are paid wages comparable to part-time work for
Ageism is the practice of prejudice and discrimination against older adults. Ageism influences the presence of diversity because older individuals in career fields can lose their jobs or be replaced with people that are younger, cheaper, and may have updated knowledge older individuals don’t possess. For example, we are in a technology driven world older career individuals would have to learn and adapt to the changing technology. The loss of a job would also mean the loss of many benefits such as health insurance. Finding affordable health insurance is much harder when you are older due to pre-existing conditions or lifestyle habits.
Employees of HUS currently endure through issues of low motivation, poor recruitment and training programs, impaired communication between management and staff, and impoverished The market is getting more and more competitive. Privatization can lead to increased revenue for the organization and would be a way to cut costs. If these factors occur then that would be an option the Board of Directors of HUS would agree upon, especially when it’s swayed into that direction by the Government. Privatization does have its downsides though; it is also associated with potential price The company has been contemplating on downsizing for the past year. Younger workers