In time of economic crisis, companies are looking for innovative methods to improve production and to meet the needs of a diverse workforce in order to improve or maintain the organization’s profit margin in a stress global economy. Indeed, companies are extremely concerned about their future, as well as, preventing closure of their establishment. SimmonsCompany is no exception. However, how does a major company make those changes when tradition is the foundation of their organization and the economic status of their company is in jeopardize of folding, if the right decision is not made? The need to allocation funds for the training and development of its and employees when major debts are owed to the company; thus, threatening bankruptcy is a problem facing Simmons Company.…
The global recession began shortly after the September 2011 crisis, and quickly claimed many victims to unemployment. This financial and economic crisis triggered output contractions in almost all industrialized economies in the year 2009. As businesses cut production in response to lower demands, workers were let go in large numbers, increasing the unemployment rates dramatically. Aside from job losses the quality of employment also deteriorated. Many employees who did not lose their jobs were forced to work above the level previously expected at the same or lower pay. The increase in job insecurity due to the recession resulted in employers having the upper hand, while employees were subject to deteriorating working conditions; however fear of job loss created an environment where employees did not defend their rights. Many organizations were forced to lay off employees due to the economic downturn, however despite economic times many individual business decisions were made that can explain the deterioration of the workplace aside from the necessity of layoffs. While the economy struggled there still were seen large leaps in the finances of large organizations due to the reduction of labor costs rather than rise in production. Some businesses have chosen profit over people; in a time where jobs are tight the organizations are taking advantage of individuals willing to put in extra labor in order to keep a job, therefore reducing employee numbers without reducing production levels.…
Another common macroeconomic scenario that we see often is the massive layoff of employees. Massive layoffs in a tough economy can create recessions. When the going gets tough…
Courage takes four character traits, Strength, Guts, and Glory, But you also have to believe in failure. The character that i believe showed the most courage in the novel Roll of Thunder Hear My Cry, By- Mildred D. Taylor is Cassie.Cassie's actions and thoughts should she was a regular girl who very courageous in many moments in the book. The three main moments in the book where cassie showed her courage are when she stood up to mr. barnett to a point of making his blood boil, she fought her rival ,Lillian Jean until Big Ma stopped her, and finally helped T.J when he was wounded even though he was a liar who may not have helped cassie if she needed it. This is why i believe that cassie is the most courageous character in the book.…
Citations: Sayre, Henry M. A World Of Art. 6th Edition. Saddle River, NJ: Pearson Education, 2010. 1, 3, 35, 42. Print.…
Corporate America’s got a big image problem. Most Americans think big business is flat and corrupt. High-profile bankruptcies, financial scandals, and accusations of tax evasion have given corporate America a black eye. Some of this damage is self-inflicted since some executives are willing to cut corners and engage in unethical behavior. With some corporations being so large and that make millions and millions of dollars a year have special loopholes sponsored by the government.…
Achievers have a great deal of stamina and work hard. They take great satisfaction from being busy and productive.…
Abrupt unemployment for any individual is, as one can imagine, very hard on a household. It can cause a household to be behind on bills, cut their resources for medical needs, and cause on overall impact on their standard way of living (Simpson, n.d.). High unemployment also affects the household of those still employed because they will have to pay more payroll taxes to help fund the unemployment benefits for those who qualify. Therefore, the government is affected because they have to raise payroll taxes in order to compensate. Though as stated before if the country falls into a recession, another tactic would be to then lower the taxes once again. Prolonged unemployment can lead to a loss in skill and motivation, which can affect a business when they rehire a person who has been previously laid off. There is a higher risk of employee pessimism or skepticism in the value of investing time and effort in training to gain a long-term position (Simpson, nd.) once a person experiences being laid…
What does this mean to the economy? Well first of all people losing their jobs and hours being cut at work means lower incomes. When people receive lower incomes they tend to spend less, which in effect reduces aggregate demand. A reduction in aggregate demand not caused by change in price level tends to shift the aggregate demand curve to the left from D1D1 TO D2D2 as shown in the diagram below.…
of his expenses (Stephen S) . That mean the individual is consuming less than what he had…
6. Mergers & Acquisitions: Mergers and acquisitions create change in a number of areas often negatively impacting employees when two organizations are merged and employees in duel functions are made redundant.…
Human resource planning is the formal process of linking organizational strategy with human resource practices. It is about perceiving organizational practices as a whole and not piecemeal. In a competitive climate, organizations need to use models and approaches that secure 'uniqueness' of operations along with enhancing 'organizational capability'.…
Poverty: Sharp falls in prices and incomes can cause hardship and poverty and also unemployment, especially in regions and countries dependent on cash from exporting.…
However, even though the effects of reducing staff is immediately apparent because of its financial benefits, the less-desirable effects become more apparent in the long term. For example, companies that underinvest in the quantity of labor, by paying low wages, providing insufficient benefits, and inadequate training; notice that in the long term these companies are left…
Unemployment refers to the the state of being unemployed or not having a job i.e. joblessness. A person is said to be unemployed if he or she is looking for work or is willing to work at the prevailing wage but is unable to find the job.…