...disengagement and employee turnover, it’s a little wonder that companies are looking for ways to optimize the stages of their employee life cycle. “The cost of disengagement is staggering – it leads to more than $450 billion in lost profits in the U.S. annually!” as per Gallup’s State Of The American Workplace: Employee Engagement Insights For U.S. Business Leaders. According to experts, when it comes to the cost of employee turnover the, “estimates run as high as 150 percent of annual salary!” The stages of an employee life cycle are defined or named differently across organizations, but this is how employee life cycle looks like in most companies: While analyzing insights from our clients, at 9Lenses we do a “Tenure Segmentation,” which categorizes the employee life cycle into Less than One year, 1-2 years, 2-4 years and 4+ year. We then track employee engagement through these stages of an employee life cycle using passive engagement measures. But before we move on any further, here are two theories that you need to know. These theories have been proved time and time again by researches and most of our data-sets confirm them too: 1. Engagement is Related to Tenure. Studies have consistently revealed that larger organizations struggle with employee engagement through various stages. “The highest employee engagement occurs in companies employing less than 10 people.” This may be reflected in the growing number of people leaving large companies to either found startups or work for...
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...Research Proposal STR/581 Strategic Planning and Implementation September 25, 2013 Research Proposal The topic chosen to research and innovate is a social enterprise startup, called Micro Benefits. This financial consulting group provides affordable micro-benefits such as credit, insurance, education, and lifestyle discounts to low-income workers in factories. The employee benefits platform not only benefits the employees, but it also benefits the employers by lowering attrition and saving millions in cost associated with very high turnover, which are particularly staggering in China. The proposed plan is to provide access to higher education to the workers to innovatively grow this already proven profitable business model. “Social enterprises are businesses whose primary purpose is the common good. They use the methods and disciplines of business and the power of the marketplace to advance their social, environmental and human justice agendas” (Social Enterprise Alliance, 2013). Micro Benefit’s mission is to improve the lives of migrant and factory workers through and economically sustainable business model that creates real value for customers (Weibangfuli, 2013). For the employers: currently, there is a drastic need for factories to retain employees, because in China it is common for the frontline workers to leave and migrate to the next factory or job – never staying long. Out of 350 million workers, 150...
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...Media Ventures 15.376 Real Estate & Recruitment – A strategic Analysis Introduction: During this semester our team examined two key issues that have a significant impact on the lives of many working professionals: real estate and recruitment. Though these two issues appear to be disjointed, they have a similarly significant financial impact of the quality of life of most individuals in the world. Real Estate: I. Background: The real estate industry is in a unique state of flux brought on by the proliferation of the sharing economy. The advent of AirBnB, UBER, Lyft, Zip CAR have effectively demonstrated that communal ownership of an asset is often much more efficient than singular ownership, provided an efficient channel for distribution and use of the asset exists. Though AirBnB has made great strides towards bringing home ownership into the fold of the sharing economy, an analysis of the notion and future of home ownership indicate that substantial room for innovation exists in addressing the pain points associated with the use of property. II. Pain Points: Despite the innovation of recent years, homeowners continue to be plagued by several persistent pain points related to liquidity, taxation, equity and maintenance of property. Liquidity: Real estate still remains largely an illiquid asset due to the high costs associated with the sale of property. No reliable peer-to-peer network exists for the sale of property, thereby leaving homeowners...
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...Communication Paper BCOM/230 July 23, 2012 Behavior and Communication Paper Apple Inc., a multinational corporation, began operations in the 1970s in Cupertino, California. The company designs, markets electronics, personal computers, and software with simplicity in mind, for seamless use by the consumer. For the first 30 years of the company’s tenure, it was known as Apple Computer, Inc. - However, in the early 2000s, the company would remove the word "Computer" to reflect the company’s transition from the marketing of a computer to the marketing of a series of consumer electronics. The company’s best known products are the iPod, Macintosh computers, the iPhone, and iPad. The company is owner of more than 364 retail stores in 13 different countries, and an online store where their products are sold. Apple, Inc. has earned an unparalleled reputation in consumer electronics and made the top of Fortune magazine’s “Most Admired Companies’ in the world, for two (2) consecutive years, as a leader in innovation and people management. History Apple’s descent in the world of consumer electronics began on April 1st, 1976 with the selling of Apple’s personal computer kit. Apple’s founders, Steve Jobs, Steve Wozniak, and Ronald Wayne with little assets could contribute 90% into Apple’s startup where Wayne gave 10% as he did not want to risk all. Because Wozniak did not want to risk his personal assets, he sold his shares back to Jobs and Wozniak for $800. Wayne’s share today would...
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...Leadership Contents Executive Summary 2 Introduction 2 Conclusion 9 References 10 Executive Summary The current study examines the current forms of corporate leadership in leading companies of UK. The study examines the various forms of leadership, theories and models . The study examines how corporate leadership is important for SME’s startups. The study highlights the models like transactional leadership and team leadership. The study discusses about the theories of leadership in terms of behavioral and situational theories. The current study has been explained with the real time examples of corporate like Rio Tinto and BHP Billiton. Introduction The characteristics and progress chart of the have been much desired and focal point of study for all the scholars and researchers. The policy decision making and purposeful action in the area of economic development and job creation will ensure the strong growth of SME in developing countries like India and China (Leitch et al., 2010). The strong role of leadership in the area of economic development is important for the sustainable growth of the SME. For the organization in the developing, it is important to build the strong leadership capacity, while at the same time they are creating effective environment for all their employees for their motivation and well being. The National Occupational Standards (NOS)...
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...Culture” Submitted by: Mohammed Algherbawi 120131544 Submitted to: Dr. Sami Ali Abou-Al-Ross INTRODUCTION Google Inc. is one of the most successful and popular internet startups. Until now, it is the favorite search engine all the time due to its accuracy and speed in finding results. Besides its technological advances over its competitors, Google’s success also stems from its ability to attract and retain the best talented employees. During the internet boom in the late 90s, Google was the only company that did not experience any employee turnover, while all other major competitors experienced a turnover rates of around 20-25%. This was achieved through Google’s organizational culture which is perceived as one of the most impressive and successful cultures around the world. GOOGLE’S ORGANIZATION CULTURE Google has an informal work culture at Googleplex (its headquarters). Its founders wanted to make it a fun and inspiring workspace. Reflecting their beliefs, the Googleplex was decorated and painted in the bright colors of the Google logo. Google has a “flat” organizational structure with smaller number of middle managers and upper management. This hierarchy fosters a more open atmosphere for employees to voice their opinions and new ideas in various ways like employee engagement. Some of Google’s organization culture components: * RECRUITMENT PROCESS Founders focuses on recruiting people with the right frame of mind. They are themselves personally involved...
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...Haas, Frederick-SWOT SWOT Analysis- Description Before developing a SWOT analysis it is necessary to understand the organization’s business plan. This will ensure that the marketing plan supports the business plan. Elements of the business plan consist of the organizational level mission, vision, goals, objectives, and strategies. The marketing department must understand the organization’s mission, or what defines the company’s reason for existence. It must also understand the strategic vision, which is where the company wants to see itself in the future. It must prioritize organizational goals that support the mission and vision to become attainable objectives. From this information an organizational strategy is developed to accomplish the mission and objectives. There are four dimensions of an organizational strategy that must be analyzed in order for marketing to support organizational goals. The first dimension is a competitive strategy that Michael Porter separates into three categories: Low-cost, differentiation, and focus. The process involves identifying the organization’s core competencies, or, things the firm does exceedingly well. If the organization determines that part, or all of their core competencies are superior to those of their competitors, they are defined as distinctive competencies. A sustainable competitive advantage can be realized when an organization focuses on their distinctive competencies, especially if it is difficult for...
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...commercial awareness and excellent presentation, verbal communication and organizational skills. Having a ability to meet and exceed targets as well as the relevant administrative, commercial, sales and personnel work experience required for a successful recruitment consultant. CAREER OBJECTIVE To pursue a demanding HR Role within a reputed firm with the approach to take up responsibilities to accomplish organizational goals where in my skills and potentials are being utilized to the maximum; alongside focusing on the scope of enhancing my personal skills & gaining maximum knowledge during my tenure to contribute to the growth of the firm. KEY SKILLS HR Department Startup Employment Law HR Policies & Procedures Staff Recruitment & Retention Employee Relations Benefits Administration Orientation & OnBoarding HRIS Technologies Training & Development Performance Management. PROFESSIONAL EXPERIENCE Assistant HR From 26/11/2013 till 01/02/2015 HR Officer from 01/02/2015 – 01/02/2016 NEXTCARE, Allianz, Egypt. NEXtCARE specializes in providing complete health insurance management and third party administration services. It combines unmatched flexibility, leading software solutions and customized management services for insurers and other payers of healthcare. As well as being a member...
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...management. Documentum software has the capacity to interface with many operating platforms and manages unstructured content such as technical procedure documents, medical records, financial, and inventory data. During the timeframe examined during the Harvard Business School case “Documentum, Inc.”, Documentum was in “Stage One – Growth” as they were a new industry that offered a superior buyer surplus compared with the available substitutes. This surplus was founded on innovative product features through the management of unstructured document information. Documentum was focused on automating the business processes of large enterprises. As a startup, they were required to bridge the trust gap of that enterprise. It has been noted that firms choosing to implement technology developed by fledgling companies are essentially sticking out their proverbial neck. Firms were required to front significant investment in capital and resources and the failure rates in such automation projects were very high (on the order of 15% - 50% depending on the project). Furthermore, Documentum faced challenges related to their financial viability, product development and testing resources, and their...
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...organizational structures to seek out new “open” ways of working that are fast, agile, and that succeed by pursuing their purpose, not following a dated implicit organizational plan. "The industrial age operating system is no longer compatible," said Traci Fenton, the founder and CEO of WorldBlu, which preaches the Freedom at Work method used by hundreds of companies worldwide, including Zappos before it adopted Holacracy. "You have to move into the new age to realize we've outgrown the clothes." (Greenfield – HolaWhat? 2015) When companies implement Holacracy, they learn to create new structures (circles) and ways of making decisions that empower the people who know the most about the type of work the organizations perform: the frontline (customer facing) workers. Some of the notable champions of Holacracy include Tony Hsieh, CEO of Zappos.com, Evan Williams, co-founder Medium, and David Allen, owner of the David Allen Companies and known for his revolutionary Getting Things Done (GTD) method. Holacracy has been most popular with smaller companies and startups, with Zappos.com (over 4,000 employees) being the largest company to implement the system so far. Although Zappos has had it’s challenges with fully adopting the system Mr. Hsieh recently reiterated his commitment to...
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...Introduction LJB Company, a local distributor, is planning on going public in the future and has asked Lexary Accountants, Inc. to assist in this process by evaluating their system of internal control. The organization is committed to its customers and works to minimize waste by focusing all of its resources on producing the best possible value for customers, and being a lean organization, their investments are carefully considered and only made when it is clear that a long-term financial advantage exists in doing so. In going public, the President wants their organization's mission to remain in clear focus and wants to know the impact of any new regulations required for the company if they go public. With the promotion of the staff that is responsible for working on this evaluation at Lexary Accountants, Inc., I have been assigned to generate recommendations for my partner to share with the President of LJB Company. Lexary Accountant, Inc.’s Facts and Findings The organization has one accountant who serves as Treasurer and Controller who is also in charge of purchasing and paying for supplies. He receives checks, completes the monthly bank reconciliation, uses pre-numbered invoices and wants to buy an indelible ink machine to print checks. In addition to these responsibilities, he is responsible for picking up paychecks and safeguarding paychecks in a safe in his office. Both him and the President interviews and approves all new hires. Petty cash is easily available...
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...Case Overview The case looks at a company called Support.com that specializes in technology support. The company is roughly 11 years old and provides other companies, such as Comcast, technical support to their customers with purchased products. All employees of the company work remotely from home, while the corporate location has a large office in Redwood City. Support.com irritates that it is no longer a startup company, however, in many ways the maturity of its administration points otherwise. Jazmyn Robinson, a 2013 graduate from USF with a background in Communication Studies (also a team member of No “I” In Team), experienced the low-level administrative abilities in Support.com’s human resources department. She was hired in as a Temporary Contract Recruiting Coordinator in the fall of 2013. From Jazmyn’s initial perspective, the HR team appeared to be functioning just fine, but this was definitely not the case as time revealed. The HR Director, by the name of Erika, was the main cause of many problems that manifested in the department. Erika was employed for 7 years with the company, several of those years as the Director of HR. Erika had a background in Nonverbal Communication, as well as many years of experience in HR. Nonetheless, her inabilities to lead the HR team became quite evident. In Erika’s initial greeting with Jazmyn, she referred to herself as the Grand Poobah, a term used to describe an important person of power. Jazmyn felt that Erika’s behavior was a...
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...M U M BA I S I L I C O N VA L L E Y BA N G A LO RE S I N G A P O RE M U M BA I B KC NEW DELHI MUNICH N E W YO RK Start – Ups: What You Need To Know April 2016 © Copyright 2016 Nishith Desai Associates www.nishithdesai.com Provided upon request only © Nishith Desai Associates 2016 Start – Ups: What You Need To Know About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich & New York. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Our practice areas include Mergers & Acquisitions, Private Equity Investments, Corporate & Securities Law, Competition Law, JVs & Restructuring, International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Capital Markets, Employment and HR, Intellectual Property, International Commercial Law and Private Client. Our specialized industry niches include funds, financial services, insurance, IT and telecom, pharma and healthcare, media and entertainment, real estate and infrastructure & education. Nishith Desai Associates has been ranked as the Most Innovative Indian Law Firm (2014 & 2015)...
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...during the photograph sessions. Executive Summery Bragen Rights Photography is a new photography business based in Albert Lea, Minnesota, and is founded by Desiree Hensche. The studio offers services to the Southern- Minnesota area. The anticipated clients are included high school seniors, families, and children. Products that are offered are photographs, albums, and other photography related items. We offer photo booth rentals for special occasions and events. Business Philosophy The most important thing for the business is to see to the satisfaction of the customers. We’ll see to this by giving the customers exactly what they are asking for, and working to meet all their individual desires and interests. Goals and Objectives Company History Bragen Rights Photography was originally founded in Desiree’s own home. In a studio put together in basement that was rearranged to resemble a studio. Desiree shot photos out of her home for about six months before landing a downtown location. Industry and Market Industry Analysis Despite being in the age of digital cameras and postproduction, professional photography has seen benefits from those changes. It has increased their efficiency and availability, the consumers are able to take professional quality images without having a specialist on payroll. (REPORT, 2014) The average income of Albert Lea, has increased in the last 2 years. The economy may cause some problems for the...
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...Amazon is an American international electronic commerce company formed by Jeff Bezos in 1994. It is one the largest online retailer in the world.[1] Below is the analysis for the market valuation of Amazon. PORTER’S FIVE FORCES ANALYSIS [8] Threat of New Entrants When it is easy to enter the industry, the threat would be big. A bigger threat will lower the potential profitability in the industry. Regarding the industry, the market entry barrier is low because the technology requirement is not high. However, economic of scale enables Amazon to provide services and products at a competitive low price. Also it has built up its reputation and accumulated a certain amount of loyalty customers. It is difficult for a new startup company to compete with Amazon. Profitability of Amazon is high due to the small threat of new entrants. Threat of Substitute Products/ Service When there are more substitute products or services, the threat would be larger and the profitability of Amazon would be lower. Amazon is an online retailer selling various products. It is an innovative service and hence has a high brand recognition. Compared with substitute service such as service of buying on customer’s behalf, Amazon can provide more confidence to customers. Also, traditional retailers are also a substitute service to Amazon. However, there would not be a big conflict between Amazon and the traditional retailers because of the consumer behavior. This means some consumers would insist in shopping...
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