However, using seniority as the sole selection criterion has it disadvantages. Companies that use seniority as their sole selection criterion run the risk of losing employees that have expertise, initiative, and leader... ... middle of paper ... ...g layoffs, it is important that selection criteria be established. A hybrid approach that applies selection criteria seniority and performance should be used in regards to layoff decisions. As, McConnell (2006) states, it is extremely important that these selection criteria be applied consistently in all layoff decisions to avoid employee claims of discrimination. Works Cited Fallon, L.F, & McConnell, C.R.
Attrition is so important to keep down for a couple reasons; obviously cost is the main reason. Every time an employer loses and employee it is going to cost the company money. This cost is incurred mainly with just finding and training a replacement for the lost employee, but it is also incurred in loss of productivity that the employee would have increased had they originally remained. The ac... ... middle of paper ... ...rganization should make the employees feel that employees are most valuable for the organization. By enforcing appropriate HR practices and policies, organization can instigate this feeling amid their employees.” To me this shows that there is more to retaining employees than just money or benefits, as this explains the nature of the job and type of employees you have will really dictate to you and the company what type of programs or recognition you should be doing because it is right for your company and your employees.
However, using seniority as the sole selection criteria has it disadvantages. According to Personnel policy service inc (n.d),companies that use seniority as their sole selection cri... ... middle of paper ... ...re is a great need to reduce workforce, McConnell (2006) argues that measures such as early retirement, attrition, hiring freezes ,voluntary separation and reduced work hours should be explored first before resorting to layoffs . Works Cited Fallon, L.F, & McConnell, C.R. (2007). Human resource management in health care.
Besides the steps described above there are other important points to consider when conducting downsizing, including setting a clear vision and goals, managing the transition effectively, planning, insight, teamwork, compassion and skills. Following, I will use two best practices- the Japanese approach and Taiwanese company- to describe the best way to do layoffs and downsizing. Introduction Facing the threat of job loss and seeing others lose their jobs can be a traumatic and bitter experience. This is one reason why many excellent companies do everything possible to avoid layoffs. However, even the most employee-friendly companies may deal with difficult economic conditions by reducing their workforce.
Many employers are trying to reduce employee turnover with quick fixes, gimmicks, games, and prizes that just don't work. Organizations are finding that the solutions are more about how you treat employees than tangible items that are given to them. Also, the concept of employee loyalty diminished as employees realized that doing a good job and being loyal to an employer no longer mattered. True solutions require a change in management's attitudes and behaviors toward employees. The ultimate strategy to reduce the costs of turnover and high recruitment is to manage for retention.
As healthcare costs continue to escalate in the United States, employer healthcare plans are looking for alternatives pricing plans to lower healthcare insurance costs for their employees. Blue Ridge Paper Products (BRPP) is one company in Canton, North Carolina who is attempting to decrease healthcare costs for their employees by offering health promotion incentives and more cost effective provider reimbursement options (McLaughlin & McLaughlin, 2008). McLaughlin and McLaughlin (2008) explain while the health promotion strategies they have instituted have been successful at lowering BRPP’s healthcare claims, they have found it difficult to negotiate lower costs with local healthcare providers. In this paper, I will discuss possible consumer and provider bargaining strategies with regarding to lowering healthcare costs; the benefits of a large academic medical center and a large tertiary community hospital; and finally, how medical global tourism will affect state and national healthcare policies. Decreasing Healthcare Costs: Bundled Pricing and Lowering Administrative Costs It would be necessary for a hospital administrator to look closely at ways to lower healthcare costs and provide more efficient care when a large employer like BRPP states they are thinking of relocating their employee inpatient hospital services to a company like InduShealth.
Downsizing has recently become a popular concept in cost cutting interventions. Downsizing entails reducing the number of agency or organizations staff. By reducing the number of contract employees, EHC will save on wages, premiums, management fee among other staff related expenses. This intervention will in turn help in bridging capital shortage; the amounts saved can be invested in other projects earning revenue. Elijah Heart center can also change the organizations skill mix by hiring unlicensed assisting personnel.
Situation Analysis Riordan Manufacturing implementation of its new strategic plan has caused internal issues for the company and the employees and could likely adversely affect the company’s finances. Employees are no longer able to work individually to secure sales that will net high commissions, but will have to share the commission checks with other employees within the team. This change in the work environment has impacted high performers who believe that others are not carrying their weight but are equally receiving commission checks. Therefore, the company will need to determine what can be done to retain its current sales staff while maintaining and increasing its sales revenues. In order to reach a solution, management and HR will need to find out what is causing attrition, low morale and the decrease in employee motivation.
Another implication would be the staffing of the community hospital. This would imply an increase in expenses. If the facility were to forego one of the two crucial matters, then staffing of the facility would suffer. A reduction in staff members would lead to a decrease in expenditure but negatively affect nurse-to-patient ratio. The Government is proposing for staffing ratios to be legislated, which will have a positive impact on the nurse but the Panton-Fuller health facility will now have to be prepared for a financing uncertainty (Jaynelle, 2009).