Advantages: An increase on the job market because positions have to be created for enforcers of this act. Another advantage of this act is the security and accountability. Disadvantages: the disadvantages of the SOX would be that it is costly and time-consuming. The SOX also has opportunity for error if not done correctly. The way the SOX impacts the event industry is how industry professionals keep up with documentation of deals and agreements.it also affected us financially because of budgets cuts, correlating with the act.
The Working Time Regulations and the Minimum Wage Act 1998 both require records relating to hours worked and pay. Internally it is important to keep up to date accurate records to help the organisation plan ahead. Personnel records are important so we can effectively recruit, train and develop our staff to aid us in achieving the organisations goals. Having accurate data will allow managers to base decisions on facts rather than guesswork. (ACAS, 2011) Records We Keep Our organisation collects Sickness and Absence data so we can: * Monitor employee’s absences to identify patterns or trends.
Another external threat includes economic slowdown. The economy can play a direct role in the success of an organization, and should be monitored accordingly. Another external threat is currency changes which can affect business and sales in other countries, another area that should be monitored closely. With limitless external opportunities in markets online CanGo has room to expand in multiple markets outside of online gaming, books, and the music industries. With online market growth the opportunities for CanGo are endless, a very important factor to consider in the company’s future growth.
An independent audit is a means of satisfying the need for reliable information on the part of decision makers. Factors of a complex society which contribute to this need are: • Remoteness of information a. Owners (stockholders) divorced from management b. Directors not involved in day-to-day operations or decisions c. Dispersion of the business among numerous geographic locations and complex corporate structures • Biases and motives of provider a. Information will be biased in favor of the provider when his or her goals are inconsistent with the decision maker’s goals.
For instance, a new home buyer that doesn’t have good credit would be told that a subprime loan is best for them. Subprime loans also use too much information for the average person to understand. So the people who couldn’t afford a normal mortgage rate would see the benefits of a subprime loan. Banks would make sure their clients knew that subprime loans were safe, but they just used the loans to get rich at the expense of their customers. At the same time, subprime loans can be ethical tools that were misused.
However, there are always drawbacks which might has an effect on immigrates themselves. In addition to this, solutions could be provided to these obstructions which could be faced by immigrants. these points will be discussed in this essay. The problems of immigrates in the UK: because of the cheap labor of immigrants, they can be exploited by host countries. in other words, immigrates who travel to other countries for work, they might be oppressed because of their necessity needs.
In term of politic that will affecting the 99 Speedmart is government policy. This is because the government policy gives opportunities for growth and profit an attractive manufacturing and export base in the region. Government commits to maintain the business environment that providing companies with the opportunities for growth and profit. However the changes in government policies may either affect positively or negatively. In negatively of the government policy is they can block business operations such as finance, marketing, or property and automatically it become risk for 99 Speedmart businesses.
As Sainsbury's have a hierarchical structure they are most likely to lose a lot of money because for the marketing and research and development departments to carry out their functions they would need funding from the finance department. For this information to get to the finance department a lot of time would have been wasted and also for the finance department to reply to them, all this would cost them a lot of money. Advantages of Sainsbury's is that the power they have would be successful for the business as when work is being done the communication of the workers together when given commands from the manager and having to work better for the manager to impress them in order for more work to be done and at a more well-organized rate then if there was no pressure from the manager. Disadvantages would be that the workers would start to get stressed from having to complete the workload at too fast a pace for them to work at all times that they will start to work less and dislike there job and some days may not want to work as they are stressed to do work which is too much for them to cope as they are trying too hard to impress, this could lead to employees wanting to quit their job. 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.
phones, computers, and vehicles) general codes of behavior and adherence to certain corporate practices, health & safety regulations, etc. 2. Describe the information shown on own pay statement Pay slips need to include the name of the company you work for, your name and Tax code, your national insurance number, the payment date, the deductions and adjustments made, your gross pay and your net pay and a summary of pay from year to date including national insurance. 3. Describe the procedure to follow if you wanted to raise a grievance at work.
To utilize these performance indicators correctly an organization must collect both current and past data in the form of surveys, reports, and calculations to determine whether the supply chain is operating correctly. The Importance of KPIs When an organization needs to measure the performance of their supply chain they can choose a few key performance indicators to determine if their current system is successful. A supply chain exist because there is a need for a product by a customer, therefore customer service levels can tell an organization if they are meeting that need. If the customer’s needs are not being met this could result in a reduction of sales and a permanent loss of customers to other sellers. To ensure there are enough products for all customers, an organization will usually forecast the demand of the item.