Essays on Retrenchment

Introduction

Employees are the most potent and valuable resources for any organization. An organization should take employees separation as a sensitive issue. Discretion, empathy, and planning are the most important aspects to be considered when separating employees permanently from the organization. There are several reasons that HRM practitioner may base on, such as incapacity, resignation, removal, and so that the organization has the best workforce that will produce high-quality products and services to meet customer expectations (Boxall & Purcell, 2011). Also, employees may be separated due to contract expiration or workforce downsizing. The most organization have established separation practices and procedures ...

Introduction

Businesses have a common goal of achieving success and uniqueness that helps them to stand a mile ahead of their competitors (Chattopadhyay et al., 2012). However, over the recent years, many companies have embraced the concepts of merger and acquisition in efforts to exploit their business potential fully. Mergers and acquisitions are important drivers of growth for a particular organization. Companies have come up with business and international level strategies that will help them to yield high profits. The Kellogg Company has acquired companies and the Publix Supermarkets, Inc. have not acquired mergers and solely operates within the U.S. ...

Performance Management Process

Performance management is considered to be a continuous process that entails evaluating past performance, learning from it and identifying what can be done to enhance operation efficiency as well as add value for shareholders money. It is a process of planning, monitoring, and evaluating employee performance concerning his contribution to the organization to realize organization success (Robbins & Judge, 2013). An effective performance management strategy should mainly revolve around matters of accountability and directness. There are many elements to consider when to develop a robust performance management plan (Adler, 2011). Lumenpulse has gone a long way to establishing several mechanisms ...

There is a lot of pressure in today’s organizations. Identification of a few of these pressures includes globalization, technology changes, competition, alliances, changes in organizational structure, methodologies of work assignments, employee priorities, capabilities, abilities and demographic factors. These factors call for the Human Resource function to help navigate the company during the transition in the organizations and the same function, finding ways of propelling the organization forward even further. The real plus the perceived value of the HR function will have to be upgraded. The HR function has been shifting from the personnel aspect to that of Human ...

Introduction

Business restructuring refers to the process of reorganizing or reshuffling the ownership, management, the operational, legal, administrative, technical, and financial structure of a company. The restructuring may stem from the need to enhance the profitability, competitiveness, and placement of the organization in a particular industry. Restructuring usually takes place before the sale, merger, and acquisition of the business but there are several other motives of restructuring. Competitive advantage and financial gains are the two most prominent causes of restructuring apart from mergers and acquisitions. Organizations have to plan in the context of restructuring and devise a grand strategic plan ...

Introduction

Employment related practices are some of the current trending subjects in the Human Resources Management field. The modern HR manager is required to understand and oversee the implementation of various rights that employees are entitled to enjoy. The same applies to labor unions which have also been charged with the responsibility to uphold some of the employees’ rights. The topic on employees’ rights is of major concern at this moment especially due to the emerging trend amongst some corporations (Werhane, Radin and Bowie). Given the high levels of competition in the corporate world, organizations are devising strategies that will ...

Global Financial Crisis in the US

Introduction It was hard for the economists, professional analysts and policymakers among other players in the financial industry to foresee the crisis in the US mortgage lending industry in 2007 that resulted in the world's worst economic recession in two years' time (Sher and Iyanatul 2010). Initially, there was a housing bubble characterized by high house prices, low-interest rates, more support for subprime mortgage and increased speculation by the buyers (Acharya and Schnabl 2010). Eventually, there were decline of house market prices, increased lending rates and increased default and foreclosures by the mortgagors (John 2009). Notably, by mid-2008 the ...

The shortage of nursing faculty is experienced in many countries and is expected to increase in the next few years due to early retirement and aging of professionals in the discipline. The information needed to control nursing practice can only be made reliable through constant research. Nurse leaders are represented in other states, national health policy organizations that are important in solving policy issues and statements. Health crisis is a major concern to the whole nation and, therefore, requires a collective effort among nursing professionals, education practices, health care executives, government and the media to work as a team ...