This type of organizational change can cause companies to downsize and/or lay-off employees to cut costs (Lussier & Achua, 2015) which causes leadership and employees tremendous stress. Additionally, stressful organizational situations have a large negative impact particularly in situations that involve punishment and lack of rewards (Selart, & Johansen, 2011). Stress can cause decision makers to cut corners, become more prone to incidents, abuse, and deception (Selart, & Johansen, 2011). Several studies have connected stress to memory loss due to an increase in cortisol production. Moreover, employees can often respond to stress in a negative manner, and stress is known to lead to unethical decision making (Selart, & Johansen, 2011).
Furthermore, the intensified competition and the changing consumer behavior, lead to additional pressure for companies. The competitive environment changes drastically and overstimulation leads consumers to the limits of their powers of perception and decision making capabilities. Because products
Outplacement assistance for job hunting and networking can be particularly valuable, but ensure that severance arrangements are consistent across units and division. It is also up to HR to find out how severance pay and extended benefits will be distributed. HR should provide assistance for employees seeking new jobs. In companies where have been layoffs, fear can undermine daily work and lead to loss of productivity. There are may be gossip, rumours, and lots of lost time.
In today’s competitive environment, the rate of mergers and downsizing is increasing day by day. In order to face the challenges caused by high competition between firms, organizations are trying to merge more and more in order to reduce their cost, Increase high market share, obtain highly qualified and skilled employees and make their workforce more diverse. All these are done due to gain the competitive advantage and for remain in the market. When two companies deal to merge themselves, the most important concern of HR department should be their workforce or employees. Whenever companies merge, there is likely a chance of downsizing which result termination of employees which creates anxiety, stress and discontent among the employees.
1.1 Organization sets itself precise objectives so as to meet up the better business success, and to expand proportional advantage over the competition. For these objectives to be reached, organizational communication is of great important and it implies communication with stakeholders as well as communication with employees, client and customers of the organization. The central objective of all organization is to ensure sustainable growth. In the words of Weick and Browing (1986), communication is the process of transmission of message from one person to the other. Increased pressures to implement revolutionize initiatives and respond efficiently to growing competition is what business leaders are facing in the environments Lüscher & Lewis (2008).
Introduction Goal setting is a powerful process for thinking about ideal future and for motivating to turn vision of the future into reality. The process of setting goals to choose where someone want to go in life. By knowing precisely what one want to achieve, by knowing where to concentrate all efforts. Also can quickly sport the distractions that can easily lead goal astray. My first goal is to be a manager in a multinational organization my action plan is to get a better knowledge in marketing, strategy, operations and general management in a multinational company, learning these areas will help make a good manager who understands completely all the workings of the company.
In today’s business world, with all the rapid change due to globalisation and the advancement of technology, organisations must stay alert to these changes and keep evolving to maintain a competitive advantage over their main competitors. The main way an organisation can keep this competitive advantages is through strong levels of employees performance within the organisations meaning globally organisation depend on their workers on a huge scale. Employees in an organisation have the power to improve the company’s overall performance meaning they are a major asset to any company around the world. In relation to this, human resource management has become an integral part of the overall company’s strategy. Human resources have played a huge part
1. INTRODUCTION In today’s world Human Resources Management is key to the success of a company. Businesses are more globalized, competition is stronger and the general economic situation is difficult for many companies. Integrating different nationalities of employees in the workforce is necessary and needs special attention. Globalization, mobility of the people and the development of touristic trends are all factors that influence multi-cultural diversity integration within the workforce of a company.
The concept of globalization has changed the outlook by which the leaders makes strategies and implements them on a global perspective. Diversity brings in different attitude, different cultures and most importantly difference in thought process amongst the managers benefitting them in taking major decision for their company. It’s like a synchronous relation where the manager of a country with different cultural backgrounds works in tandem with another manager of either the same country with different thoughts, or a manager from a different country with a complete different culture and outlook for a common goal. Several multinational companies recently are coming up preaching more diversification ratios and more often than not gender
The major difficulties that companies face are geopolitical issues, working successfully in multinational groups, moral and environmental concerns, the foibles of worldwide supply chains and the always present need to understand cultural backgrounds. Human Resources Management (HRM) comes head on with a lot of these challenges having as a goal the reinforcement and the improvement of the effectiveness and the organizational performance. They have to introduce new tactics that lower the expenses and aim to make the employees give their best efforts. This brings more competition which means there is a need for better performance by increasing the competitiveness and loyalty of the employees. More specifically, HRM must overcome any barriers that might come up to globalizing such as employment policy, poverty, limited education and technology, culture or even