Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Discussion on HRM Strategies During a Severe Economic Recession
If an employer wishes to lower production costs during a recession, he or she can either (1) lay off certain workers without changing wages or (2) keep all workers but reduce wages. Which method do you think you’d go with? Why?
Additional information: “Masters, do what is just and fair for your slaves, for you know you have a Master in heaven as well” (Colossians 4:1, NIV).
“Look at the birds of the air; they don’t sow, reap, or collect into barns, but your heavenly Father feeds them.” Aren’t you worth a lot more than they are?” (NIV) Matthew 6:26
“Whoever oppresses the poor mocks his Creator, but whoever is generous to the needy honors Him” (Proverbs 14:31, NIV).
“…With the help of Wall Street investors, many corporations have decreased their full-time workforces, reduced benefits, and demanded more production from the remaining workers during the last decade…
Many employees believe they are essentially disposable parts of an impersonal manufacturing process including employee manipulation for the sole purpose of maximizing profit and shareholder value. Bulls, Bears, and Golden Calves, by
John Stapleford Academic IVP (p. 104)
ReplysCastillo
Many large firms have decided to lower wages or lay off workers as a result of the current pandemic’s economic downturn. When choosing between the two possibilities, it is preferable for a company to lower salaries rather than layoffs. This
will ensure that the employer has a job during the recession or, in this case, a pandemic, which will aid in the payment of bills and the provision of food for those affected. Furthermore, due to the time required to train new employees in a
foreign country for a lower wage than in the United States, recruiting new employees in a foreign country for a lower wage than in the United States is not a good idea. Several companies have decided to hire individuals in countries where the
cost of employing that individual is lower than in the United States, owing to the high cost of benefits. As a result, lowering wages can be accomplished by eliminating bonuses, lowering 401k percentages, and lowering salaries. During the recession, the CEO and managers will need to consistently motivate people to perform effectively and accomplish the organization’s goals.
Organizations must be prepared for a recession or a pandemic since both have an impact on the economy, which in turn has an impact on employees and the company. Unless the modifications are just adjustments to match diminishing
demand, recessionary interventions should in practice remove some of the organizational slack or X-inefficiencies in the organization (Wood & Ogbonnava, 2018, p. 3073). Because all of the employees are still employed, the company will not
incur any more costs after the recession is ended. Overall, this will aid the firm in learning how to apply this knowledge in the event of a future recession, as it is critical to keep existing staff employed. Finally, depending on the funds available to compensate staff, each firm will choose a different solution. Various texts in the Bible remind us that each person should be appreciated and given the truth. See, my servant will act wisely, Isaiah 52:13 says, and he will be risen and lifted
up and highly exalted (New International Version, 2011). This is a scripture that promises that he will be with us on every path we take.
New International Version of References (2011). Bible Gateway is a website dedicated to the study of the Bible https://classic.biblegateway.com/ (The original work was published in 1978.)
S. Wood and C. Ogbonnaya (2018). Management with a high level of participation, the economic downturn, employee well-being, and organizational effectiveness are all discussed. 3070-3095 in Journal of Management, 44(8).
Discussion on HRM Strategies During a Severe Economic Recession
RUBRIC |
||||||
Excellent Quality 95-100%
|
Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
|||
Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
|||
Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
|||
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow
Discussion on HRM Strategies During a Severe Economic Recession |
Discussion on HRM Strategies During a Severe Economic Recession