One of the most common interests the employees of Tesco have is that they want maximum wages for the work they put in. As well as this they expect promotions if they have been working at a lower role in the organisation for a couple of years and want to move up in the organisation. These differences in the organisation are addressed through staff meetings where these issues are bought up. Then it is just up to the managers to decide what they want to do. If they get permission from the owners to give staff promotions and give pay rises for outstanding work then everyone will be happy and most importantly the employees will be happy which will lead to many benefits such as a good working environment.
Furthermore, by lending an empathetic ear and accurately identifying the root cause of problems, the plan builds relevant solutions to meet employee needs, enabling enhanced performance. Another strength is boosting the workplace atmosphere through optimism. The plan has some weaknesses in addition to the above listed strengths. For instance, an approach using emotional intelligence attributes may be perceived as invasive or personal, resulting in employee resistance (Pearman, 2011). Also, some employees may not be capable or willing to transition to a positive mindset.
Web. 14 Nov. 2013. Con: CSR is a trade barrier for non-complying companies Pro: customer relationships improve Because the community sees what the company does and respects them more for it Pro: motivates employees Employees are treated with respect and have fair working conditions. Cons: Expenses Company may say that the reason they don’t want to get involved is that it costs too much Con: shareholder expectations the shareholders might see it negatively because the company can no longer dedicate all their
The families spend more money and it circulates within the economy. Increasing the minimum wage can also help businesses. These hard working people will be motivated and encouraged to work harder at their jobs increasing productivity and hopefully boosting sales which in return helps the business out. Many of the minimum wage jobs are unwanted because of the low wages but if they were increased you would find more people willing to work at these places. These are the pros but there are also cons for raising the minimum wage.
Experienced workers, some who already reach their golden age would cost more to the company, because of their high salary due to experience and exposure to the company where they know well about what is going on. When a company finds the older employees stay at their retirement age, it realizes how much it would cost. The company may need to pay higher retirement reimburse when it decides to keep older worker together with it for a longer period. On the other hand, the presence of younger workers would give fresh performance for the company. Despite the less experience that the younger workers have, they perform more productive working performance compared to older workers, as older workers would need to deal with their physical challenge.
This responsibility is said to apply to customers, the environment, local communities and society in general. If a business advertises its good work to the public it will gain a good reputation and thus resulting in people being inclined to purchase their goods and services which results in more profit for the business. Profits are not the only measure that should be applied to corporate success. Factors such as reputation and shareholders play an important role in the image of the company. Even though the effects of the financial crisis were negative, and caused many people to lose their jobs, CEOs are still receiving a large salary, which portrays a negative image on their company.
In turn this would result in a lack of motivation and care for the work they put forth. Secondly would be the factor of more work put on employees for less pay. More so in today’s economy, large companies are cutting cost by laying people off. This in turn puts a heavier work load on the remaining employees that still work for the same pay. Resulting in negativity toward the management, a poorer quality of work put out and, definitely less motivation for the job.
There are a number of consequences that arise from breaching one’s duty-of-care and these include;- * Loses in profits;- due to the disruption as well as losses in production due to worker absence * Legal action;- may be taken against the company in the form of workers compensation costs this in turn causing less profit turnaround. * Bad company reputation; - if the company is accident prone then consumers and other competitor companies will start to view you negatively and inturn cause low morale amongst employees leading to lower production rates. c. At Myer there are a couple legal obligations that the company has to ensure has been met for employees to work well in a safe environment. They have the duty of care to provide safe work systems that assist in developing performance measures by doing this they are fulfilling their legislative requirements. Myer’s duty of care to its employees includes (but is not limited to) providing a safe working environment for all staff.
Describe how professional values and ethics can influence career success: As previously defined professional ethics are a moral value one takes in the specialized knowledge of their business which can discern over time. Most business owners are generally in dispute with moral obligations and ethical conduct in the work place environment. For instance, some business owners may have clients that receive special benefits or items that they can sometimes bribe or use to their advantage. This is both ethically and morally wrong. Although it would appear wise to accept gifts or provide gifts to another company to earn their business you are in fact interfering with normal business practices and in most companies can be a reason for termination for such actions.
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.