HR Working Practices & Patterns Essay Example | Topics and Well Written Essays - 3750 words

HR Working Practices & Patterns - Essay ExampleIndustrial Revolution Industrial revolution brought in picture big organizations and factories first in England and afterwards in North America. The concept of Economies of Scale similarly came in the picture according to which large flock were required to work to achieve cost benefits. The enfolding of large number of people in work areas brought complexities. In the initial days, however, the emphasis was more on machines than people. The working conditions favored machines and their efficiency rather than people and their capabilities. As a result, working conditions were dismal for people.Welfare/Social Secretaries The growing issues associated with the work force, made them raise their voices against human problems. Employees started forming Unions to make their voices heard. In order to make do with such issues the post of welfare secretaries or social secretaries was created. This can be considered as the most primitive form of HR function after the industrial revolution. The initial task of such secretaries was to keep workers from directly reaching managers for their grievances. Secondly, they were required to discourage employees from dealing with unions or forming unions for their problems. The creation of the post of secretaries can be considered a move to give a specialized status of dealing with the issues related to employees. Before such posts were created operating managers were also dealing with the issues of employees. The creation of these immature posts relieve operation managers of this extra burden.Birth of Scientific Management Frederick Taylor was the person who put forward the concept of scientific management. He emphasized on the inclusion of scientific study in the management arena. He suggested improvement in management practices i.e. study of different situation be carried out to bring about improvements. He basically worked on A steel plant called Bethlehem Steel Plant and stu died the typical procedures and made his recommendation to improve the whole process. He also introduced an motivator system to improve the whole process and so human capital management made an important component of his study. He worked out an incentive system that paid each man $1.85 a day for meeting the new standard, an increase from the previous rate of $1.15. Productivity at Bethlehem Steel calamus up over night (Daft 1997). Primitive HR 1900 brought primitive HR subdivisions within large organizations like AT&T. So welfare secretaries were replaced by these new departments that were called effect department. This change started from the period ending World War I. While historians disagree on the specific date assigned to the appearance of the first personnel department, most agree that, between 1900 and 1920, more organizations were employing specialists to assist with personnel matters (Jamrog & Overholt 2004). Their tasks generally included compensation handling, dealin gs with unions and other employee concerns. Though a separate department was dealing with the needs of employees, but production, finance and to some extent marketing was considered important functions or departments. However, with the passage of time the personnel department started getting more attention from top management.Hawthorne Studies Hawthorne studies conducted at Western Electrics Hawthorne plant can be considered instrumental in bringing changes in the HR function.

Summary on Earthquakes, Volcanoes and Landslides Assignment

Summary on Earthquakes, Volcanoes and Landslides - Assignment ExampleIt covers the sea beds and is the foundation of land masses. Tectonic plate shifting along fault lines is the unproblematic cause of major earthquakes. However this is not just the sole reason for earthquakes. Localised low intensity and low impact earthquakes also occur a great deal everyday at different parts of the world. They are due to the shifting of underlying layer of soil, and are confined only to small localities in cities, township or rural area. Lisbon, 1755 The Lisbon Earthquake The Lisbon earthquake in the country of Portugal back in the 1st of November 1755 was one of the most ghastly native calamities in the memory of mankind. Nothing every of such gigantic destructive scale had ever occurred in the near recallable future, swallowing everything from a huge civilisation, to thousands of people, human constructions etcetera The Lisbon earthquake due to its sheer magnitude of destruction is till da te studied by geologists, seismologists, construction firms and earthquake experts. The natural disaster on the 1st of November 1755 in Lisbon was a combination of two natural disasters A series of high and medium intensity earthquakes followed by an equally withering Tsunami, due to the after(prenominal)shock of the earthquake. The date was November 1st 1755 at 930 am, one of the most scared days in the Roman calendar (All Saints Day), thousands of devotees and followers had gathered in the innumerable streets and lanes of Lisbon crowding near Cathedrals or flocking towards the smaller churches. The day was crisp and clear and the priest had just begun chanting Gaudeamus omnes in Domino, diem festum when the cathedrals and churches started to curb and lurch from side to side. The bronze bells began to ring madly and candles toppled from their stands and drop off over. Within seconds from the initial ushering of the tremor, it gathered intensity and magnitude, tossing buildings pop up like match boxes and dislodging large chunks of masonry that fell on fearful worshippers crushing them to their death. The second larger shock came a few seconds later and caused even more damage compared to the first one, razing disgraced construction and building to dust, killing thousands. After 90 minutes from the last major shock, three devastating Tsunamis struck the coast of Lisbon one after the other wiping out human settlement along the coast line and release nothing but indistinguishable ruins and mangled remains of construction junk and human bodies washed up on the shores. The extensive damage caused by the earthquake triggered a massive fire outbreak in the entire city, initiated by toppled candles and broken hearths, that set flame to the highly combustible wooden buildings. Soon the entire city was engulfed in the violent lashings of flame, charring to death thousands of people and leaving nothing but roasted remains of human property and burnt dead bodies. This was the horrific natural calamity in Lisbon two and a half centuries ago that killed tens of thousands of people and scarred the entire city mercilessly with irreversible damage that took centuries to rebuild. San Francisco, 1906 The San Francisco Earthquake San Francisco was no stranger to destructive earthquakes and fires. It had burnt down 6 times during the years of gold rush in the years 1849 1851. This was because most of the building were made of flimsy

Summarize a Financial management article Example | Topics and Well Written Essays - 750 words

Summarize a Financial management - Article ExampleMoreover, these strategies are examined for ensuring compliance with the financial and regulatory requirements and policies of the banks.The article provides a background to the development of financial markets in the developing countries like Turkey and how the turmoil in these emerging financial markets can affect the global financial scenario. During crisis situation in the economy the share of banks is pivotal as they are considered to be the pillars of any financial system. Therefore, it is suggested in this article that banks need to adopt exclusively those strategies that could lower their risks and improve the control over the financial position of banks in order to reduce the implications on both domestic and international financial setups.The role of asset liability management (ALM) in strategic planning of banks is highlighted in this article suggesting that the aim of such model in banks allows them to efficient manage their coin keeping their risk profiles to lowest levels and to maximize their earnings. The model is considered to be multidimensional which requires simultaneous interaction between different elements of operations in a bank, which requires high level of integration at various levels. Banks have now adopted sophisticated models of ALM however, the outcome of ALM still depends upon the diverse management strategies followed by banks.The importance of ALM is viewed in this article from the perspective of Turkish banks that faced major financial crisis situation in the Turkish banking industry in late 2000 and early 2001. The reasons highlighted for these financial crises include poor overall macroeconomic conditions in the country and poor regulatory framework to control and manage the activity that was taking place in the Turkish banking sector. The article presents important relevant financial ratios of banks during pre- and during financial crisis periods, which

Strategy in the International Enveronment Essay

Strategy in the International Enveronment - Essay ExampleThe study will also look to prepare a business excogitation for the proposed business. Population of Lagos In order to properly recognise the demographic factors prevalent in Lagos the universe of the area will be evaluated. Lagos is a small nation in Nigeria. It is one of the highest populated areas in Nigeria which contributes about 5% of national estimate. The population of Lagos was 17 million in the year 2006. The growth rate of population is approximately 6, 00,000 per annum and the population density is about 4,193 persons per square kilometre. UN (United Nations) estimates that if this growth rate continues then by the year 2015 Lagos will turn out to be the third largest mega city in the whole world after Tokyo, the capital of Japan and Mumbai in India. 85% population of Lagos is in metropolitan area and that 37% population is in land area of Lagos. According to World Banks demographic analysis the growth rate of Lag os was 8% in the year 1996 and in Nigeria the growth rate was 36.8%. That means population of Lagos is increasing ten times quicker as compared to New York as well as Los Angeles (Lagos State Government, 2011). Statistics of People with High useable Income The real GDP growth rate of Nigeria was recorded at 7.4% in the year 2010 and annual gross income of plurality was approximately 130,095.4 USD. The annual disposable income of state of Nigeria was 115,976.9 USD in the year 2010 thus the purchasing power of people on that period was 356,475.9 USD. The following table shows that peoples purchasing power and disposable income has been increasing since the year 2007 (Euromonitor, 2011). Year GDP Measured at Purchasing Power (Million international $) Annual Disposable Income (Million USD) 2007 292,409.20 97,329.80 2008 310,743.60 113,613.30 2009 328,915.70 101,762.00 2010 356,475.90 115,976.90 2011 387,999.60 117,355.00 Source (Euromonitor, 2011). According to report of 2006, less t han half of the classs are employed. The average unemployed persons per household were less than 3. It reveals that there were more unemployed persons in the household than employed. From the perspective of household heads almost 92.6% was employed and 0.8% was unemployed. House heads earn more than their spouses and other members of household. The number of spouses and other household member in the income group among 10,000 ? to 30,000 ? is higher than household heads. In this income group, the proportion of household head was only 34.3% compared to proportion of spouse which was 61.7%, and other household members proportion was amongst 67.9 % - 80.9%. Proportion of household head whose income level was 90,000 ? and above was 8% and spouses proportion was only 2% (Lamata, 2005). Average household income of Household particle (in %) Average Monthly Income (in ?) Household Head (%) Spouse of Head (%) 10000 30000 34.3 61.5 30001

Fifth Hour Essay Example | Topics and Well Written Essays - 250 words

Fifth Hour - Essay Examplekers through some of the huge strides that people have made throughout the world in an attempt to ensure equity for all irrespective of racial origin. In like manner, I admired how contributors across diverse races aired their opinion with assertion and charisma.The event was beneficial to me in several ways as I learned that for a state or a nation to succeed, its occupants must domiciliate the diverse cultures that exist within it. For that is what brings the difference between successful and failed states (Munin 188). Moreover, I learnt that racial understanding is of great significance in the current job trade as various organizations always open their doors in different nations in an attempt to explore international markets. Over and above, the event made me learn that sticky existence with our brothers and sisters of unlike originality is beneficial in our development through life, as they play a role in bringing the best out of

Evaluate the impact of Fairtrade Essay Example | Topics and Well Written Essays - 2000 words

Evaluate the impact of Fair mint - Essay ExampleAlternative trade organizations that are based on philosophies of well being of environment, and alike social justice are creating new channels for marketing and trade a doggedside conventional agricultural export sectors. Social responsibility and ethics birth become an important factor in consumer marketing which provides an organization with competitive advantage with respect to its competitors.The changes that are brought about by middling trade cause to be looked at first to analyze the impacts of fair trade. One has to consider in this regard the changes that were not possible without the existence of fair trade. When the existence of fair trade benefits farmers, they start to control a significant part of the production chain and also employ workers. When farmers who are certified by fair trade employ workers, those workers have a high standard of living and a working condition that is considered better. If workers have a sta ndard of living that is considered better, they will rate more money in their childrens education.Favourable economic opportunities are provided by fair trade to small farming families such that they also gear up the opportunity to join manufacturing organizations and produce products with market specifications. These farmers are considered to enjoy higher and inactive incomes as compared to those farmers that sell in the conventional market. Buyers pay a stable minimum price known as fair trade price to cover the sustainable cost of production. There also exists opportunity for pre-financing and also contracts for long term planning. It also has an increased access to the export markets (Bassett, 2010, pp. 44-49). The fair trade price is considered to have a lot of significance when in the volatile cosmea the prices of commodities and products fall below the cost of production. Importers tend to import the products of fair trade in their respective countries for further process ing of such products and to sell those products themselves or

Customer relations Coursework Example | Topics and Well Written Essays - 750 words

Customer relations - Coursework ExampleCurrently, evaluating HSBC operations in not only when at its country of origin but also globally at this bank has established approximately 7,000 centers in 81 states, which is a tremendous transformation (Bentahar, 2013). However, HSBC despite reputed with the use of intricate and up to date technological knowhow, it ought to devise effective strategies towards maintaining high rough edge in the market. 1. CRM Platform at HSBC base on the Actors-Strategy and Tools HSBCs platform comprises of segmentation approach evident from varied categories of clientele. These embrace both local and global customers whereby each category has varying translucent subcategories based on their respective needs like Premier group, which the bank has ensured a specialized team with an executive to cater for their varied financial needs. Mainly, this room of segmentation is to ensure the bank avails effective and appropriate services to clients based on thei r needs. Hence, get feedback and act on it triggerly, which is an essential strategy in both global firm aspiring to thrive in a competitive market. Mainly, diverse segmentations usually grant the bank an elevated platform whereby it is capable of intentional exactly clientele needs, hence use current technological knowhow as a tool in acting promptly. ... 2. Service/Sale Profile that fits with HSBC Where, ERP - endeavor resource planning ODS Operational Data Store CIF Cost Insurance and Fleight 3. Recommendations meant to enhance CRM quality at HSBC HSBC in its quest to maintain high aggressive edge in the market, it ought to embrace fully current technology in all its aspects. These encompass initiating instant communication, which will enable clients irrespective of their locations globally move with departments or banks sections of their interests. This is especially to make consultations and inquiries concerning varied issues pertaining to services offered by HSBC (Benta har, 2013). Hence, act as a one-stop-shop whereby customers are capable of managing their finances as well as other services like insurances wherever they are instead of allocating time meant for physically visiting varied branches globally. I would also notify the Bank to increase numerous and varied options for its clients. This is because people have varied and numerous preferences when it comes to banking or managing their respective wealth. Because this will make HSBC be in a better position to beat all other players in the market by offering their respective clients more flexibility than other banks. Some options that whitethorn be appropriate to clients in availing adequate flexibility embrace, payment methods, delivery of parcels, online money transfers at considerable costs, and receiving of financial statements at predetermined intervals suggested by clients. Hence, prompt HSBC focus its attention in fulfilling clienteles interests, which not only contribute to high custo mers retention rate but also attract others who whitethorn be seeking similar services. In addition, HSBC after implementing CRM