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. Attracting employees to join the company is the better option unless there is a management position that requires exceptional talent to fill the position. Relocation of prospective employees can be costly to the company and there is no guarantee that they will be long term employees of the company. With the company's plans for expansion I would recommend overstaffing. This will allow the company to stock pile talent for future
Even though many of the employees are able to start employment with little training, this has led to the differences in human resource practices among regional managers which counter Tanglewood’s original philosophy. • Hire Yourself or Outsource Tanglewood should ultimately focus on “hiring yourself” for their human resource functions of hiring activities such as recruiting, selecting, and employment. At the rate in which Tanglewood is growing, it will ultimately be cheaper in the long term as Tanglewood becomes a large organization. By hiring yourself, Tanglewood will also be able to build on the centralized corporate/company culture in which they are looking for. By hiring yourself the company would be more familiar with current and past experiences the company has faced with different staffing situations and they would be able to improve on any mistakes they may have had.
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.
Advantages are that when having to complete work set out by the manager to the employees it can be done efficiently so that the manager will be able to assess the employee and they could get a promotion to a higher part of their job. Operations between the businesses in Sainsbury's when using their power would have a good effect on the business for a short term as workers would do what
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.
Total rewards would benefit the company by improving employee satisfaction, lower employee turnover and increased production quality. The biggest disadvantage would be the company may lose money offering employees benefits they do not want or will not use. Skills based compensation rewards an employee for their qualification and knowledge of their jobs. Pay raises are given as the employees increase their skills. The advantage of skills based is a better trained work staff that has the knowledge to work in
A focus on those in need is something that helps a company’s reputation for years to come, boosting profits in both the poorest neighborhoods and the wealthiest. Company Q benefits from having multiple active locations in place in varying income locations. Should the focus be on meeting the economic, legal, ethical, and philanthropic requirements of social responsibility, the company stands to be a responsible, reputable, and very profitable
The benefit of a successful Kaizen costing program is that the company operates more efficiently and with lower costs. When they do that, they should reward those who have helped to achieve the success. As a company succeeds with its Kaizen program it becomes more “lean” and able to be more competitive in the marketplace, and more profitable to its shareholders. The potential downside of Kaizen is that management uses it as a stick, rather than as a carrot to motivate managers and employees to lower costs. Also, if employees are not properly trained on the Kaizen philosophy, they will likely not be motivated to seek lasting ways to lower costs and improve processes, or they may pursue cost reductions that compromise
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.