With the company’s culture in mind and want for success, they will select the best candidates to fill these positions. Companies that promote within instead of through external sources also builds long-term growth and satisfaction. It also reduces recruiting and training costs. An organization could use bulletin boards in break rooms, intranet sites, and by electronically notifying them (Snell, Morris, & Bohlander, 17). Maersk decided that they would recruit from the inside, this does save money and time.
It is true; compensation is a major factor when it comes to new and current employees selecting or staying in their current jobs. However, there is a deeper underlying factor involved with compensation and how it can affect companies. Analyzing compensation has brought up 3 major underlying factors in compensation amongst a workplace such as, attracting new employees to make recruiting and hiring possible, retaining good employees and the use of compensation to motivate employees to perform well on their jobs. First, compensation plays a key role in attracting new employees with making hiring easier and or even possible. When looking to recruit new employees it is very important to make the compensation package appealing to those new employees.
Employers should look at their entire benefits offering to help them improve wellbeing and keep their best people." Most companies want their best people around. Also, companies CARE for their employees and it is their joy to cultivate and keep their BEST people into better people. In order to show their care, they apply job rotation to keep their best people from being bored from monotonous work, and improve them as they are granted understanding on how the company works. Lastly, Job Rotations give stresses to employees due to gradual shifting, employees are happy to their current job, or it might be they are always in the pursuit of new knowledge to be applied to their shifted job (in which, they are going to do again in a short while after being rotated again).
As the website theodysseyonline.com says with too many people getting the same job there would be less spot for those jobs. Actually, with the more people on the same occupation, they could help each other out and make the world a better living place. There are many places around the world with that same job, when more people enter the same occupation, they could make more discoveries and a great teamwork. College education should be free since there are many occupation around the world for many years and there will still be
LO 2.3. – Assess the use of flexible working practices from both the employee and the employer perspective Flexible working practices have advantages and disadvantages. A major argument for using flexible working within an organization is that it plays a very important role in its success and it can be used as strategic tool, because if an employee have the chance of flexible working arrangement, he become more motivated and committed, which means he will be more satisfied with his work, gets more emotionally involved and his opinion about the organization will be better, which increases organization`s prestige. (UK essays, 2015) The advantages and disadvantages for employer are showed in the next table: Applying to Spiru Haret University, the flexible working practices would have the next advantages:
“Adding incentives” (Source A) to motivate a worker instead of “Paying high wages” would prove a better strategy as it would sustain the amount of money gained and allow for the use of more employees. Although the USPS is already losing money, gambling a risk would potentially allow it to become “the first carrier to reliably deliver all week” which would give them more faith in a system of “spotty service”, (Source
Besides, it also helps maintaining good relationship between employers and employees. Employees who have outstanding performance can receive bonus apart from the monthly wages. This kind of incentives motivate employees to become more productive and improve company’s reputation. Moreover, flexible wage system should also pay some small increments to reward employees based on their length of service and loyalty to company which imply that the pay received by employees is directly proportional to the duration they stay in the company, the longer period they stay, the more they earn, longevity bonus is included at certain intervals in times which results in difference over lifetime. This forms kind of encouragement for employees for greater productivity which in turns create harmony working
Companies outsource their CRM systems mainly because they want to improve their customer satisfaction: demand route or they want to reduce their costs in CRM: supply route (Kartik et al 748-769). Companies may be forced to outsource their CRM systems if their own systems are failing in giving their customers the best utility. In such cases, poor human resource especially in the front desk office is the main cause and as such, the company outsources the services to professional companies that would generate efficiency and further increase their shareholder value. Similarly, if a company concurs that it will be cheaper to outsource CRM services than to incur the costs, outsourcing will be done in a bid to reduce their production costs and consequently increase their shareholder
Even though the changes affecting the structure and organization completely. It can make a huge advancement in an organization by using by using the best practices of the industry and required involved group to focus more on the customer. Customer Relationship Management (CRM) CRM allow the organization to focus more on developing profitable customer and lose the unproductive one. CRM will provide information for organization to improve their business productivity while reducing cost for getting and keeping existing customer. Information shared internally and externally.
It is about calling on the own company 's employees or external contacts to find out new potential recruits. It may be a very effective way to look for new applicants because it lets the company to save costs of advertising, time, to get recommended people and then to feel assured about the candidate 's level of quality (DeVaro, 2005). However, this mode of recruitment could be discriminatory (Foot, M. and Hook, C., 2011) to the extent that it may not enable people from other ethnic origins, environments or socio-economic status to get access in your job offers. Each recruitment channel can be judged on its effectiveness by various indicators such as the total cost of hire, the number of sourced candidates and the long term success of hires. Indeed, certain variables can influence the choice of recruitment channels which are selected by the companies depending on the position and the needs of the organisation These are: - the requirements of the specific position - The issues of time and effort - The issue of