While many factors greatly influence downsizing at a gr... ... middle of paper ... ...r new jobs and the lack of people to perform other jobs. Looking to the future needs to be continually stressed. Usually when a company downsizes, the results end up exactly the opposite of what they wanted, and it is usually because of the lack of planning. There are many issues involved in a corporate downsizing and with appropriate planning these issues can usually be resolved. While employees terminated usually get all the downfalls of a downsizing, the corporation had to downsize for a reason.
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.
Collecting the information in a centralized area will only benefit the company; as the company grows it data will grow as well; making it harder and harder for information to be utilized if it is not all stored in a centralized database potential costing the company sales, and customers. The changes that are explained in this document will help further grow the company by addressing the needs of its customers and well as the needs of its internal departments.
This access to customer information will help employees to right away update and save relevant information for future interactions. Furthermore it will help professionals in charge of sales to successful obtain the required information before contacting customers. There are two types of selling used to improve sales which are benefited by CRM systems, up-selling and cross-selling. When the sales representatives find ways to sell an existing or new customer a better product, is called up-selling. Cross-selling is when sales representatives improve their sales by offering extra products (O’Brien, A & Ma... ... middle of paper ... ...s long as possible.
This gives them the opportunity to develop better promotions and provide better products. Implementing the Marketing Concept, Lush will also be undertaking a lot of investments that would go into the market research. These would be continual investments since the 21st century market expands into the technological infrastructure. By the means of attaining a high level of customer satisfaction, Lush will eventually develop a loyal customer base. Consequently leading to gaining brand recognition and depressing their vulnerability to other competitors.
As stated by Ready (2013) “It is often necessary to make big changes in organizations. Companies get locked into old patterns, fall behind competitors, or otherwise end up poorly aligned to their markets and objectives.” In taken a closer look and reflection into Barrett’s tenure there where different changes that occurred in Barrett’s three year with Intel. Barrett’s stint as CEO began to make changes at the beginning of his tenure. Barrett’s started to change the culture of Intel by hiring outside consultant in order to change the mindset by allowing employees to focus on customer relations and drive always from the competitive atmosphere. He also committed to venturing into new technology market that would cut down on production cost for chip making in hopes to increase the sales compare to the other competitors.
It was expected that in the beginning new employees will adapt to the working environment performance of the department will go down. But time was passing and the performance didn’t seem to get better. Senior managers started to get worry about the issue. If performance of the department would not increase the company can face real big problems with the project and loose a lot of profit I as a Human Resources manager decide to examine the problem in the details. I spoke with the managers of the department.
How an Individual Positions Themselves for Marketability With an unstable business environment and competitive job market individuals are finding it more difficult to acquire or maintain a way of life they have been accustomed to. Unfortunately this change is occurring faster than society would like to believe or can keep up with. The days of working for one company until retirement is one of rarity. Technological advancements, global competition, lack of leadership and foresight all play a part in the instability of the job market. Company mergers, acquisitions, reorganization, hostile takeovers, and just going out of business can happen regardless of tenure, or years of service.
Another con is that all the employees in the firm may not receive that exact amount of incentives as others, which can lead to more reduction of work and hurt the cohesiveness of the group and production will decrease. Motivation is the factor that keeps an employee determined to excel in their career. There are several waves of motivation, theories. One way to motivate people at work is by redesigning jobs. When redesigning jobs, job rotation is one factor to consider.
Stress experienced within family has been perceived as a factor that leads to the failure of an expatriate manager. It takes a bit of time for managers and their families to adjust with their new lifestyles. Usually managers will be challenged and excited to begin their careers in another country. They will be aware of the fact that they need to spend more time on their work until they are accustomed to the new culture and atmosphere. Soon, they will realize that their responsibilities are a little harder than those they previously handed.