...Reorganization and Layoff: Decision Making and Evaluation Paper Reorganization and Layoff: Decision Making and Evaluation Paper “One in seven U.S. families goes bankrupt in the course of a decade, 90% of them are educated, middle-class families, mostly with children (Warren & Tyagi, 2003).” Job loss is one of the major causes. Middle-income jobs are usually impacted most during reorganization and layoffs. To help protect the middle-class consumer, it is important for companies to train its managers about the effects of layoffs, and proper handling of layoffs. The Middle-income A typical family, living a middle-class lifestyle with children, usually requires both parents to work. If one parent loses their job, the family could face a financial crisis (Warren & Tyagi, 2003). It is common that middle-income jobs are the most affected by reorganization and layoff, especially at big factories and companies. Many companies rely on the middle-income consumer, so companies need to be careful with why and how they reduce its workforce. As seen in bankruptcies, many markets hurt when middle-income jobs are lost. Business Decision To help maintain a healthy market and company perception by the public, companies need to avoid layoffs if possible, and when necessary handle the issue with care and professionalism. A good business decision is for a company to invest in training its managers on the effects of layoffs and proper handling of layoffs. When managers have...
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...Labor Laws and Unions Mitch Atkinson HRM/531 October 29, 2012 Dennis Cashman Labor Laws and Unions This paper topic is the organizational benefits of joining a union, the unionization process, union bargaining procedures, and the effects union bargaining has on an organization. American Airlines (AA) and the transportation workers union (TWU) are the selected organization and company. Included information, background information on American Airlines, along with history of TWU at AA, legal issues, and obstacles that AA has encountered with TWU. AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation filed in November 2011 a voluntary petition for Chapter 11 reorganization. To achieve a cost and debt structure that was industry competitive for long-term viability. There are various unions associated with the airline industry, the one chosen to discuss in this paper is the transportation workers union. TWU has 114 autonomous locals representing more than 200,000 members in 22 states around the country. As part of the Chapter 11 reorganization of AA the initial announcement that as many as 11,000 workers may be let go at the Fort Worth-based airline. The most recent announcement from AA is that approximately 4,400 mechanics, store clerks, and ground crew members of TWU will be part of a lay off. There are seven TWU workgroups representing approximately 24,000 employees at American Airlines. As part of the strategic and collective...
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...AT&T: Becoming a Leader in Network Expansion Introduction The American Telephone and Telegraph Company’s (AT&T) history goes back to the year of 1875 when Alexander Graham Bell invented the telephone. In the 19th century, AT&T became the owner of the Bell system company. The bell system was well known for the best telephone service in the country. The first telephone exchange, operating under license from Bell Telephone, opened in New Haven, CT in 1878. Within three years, telephone exchanges existed in most major cities and towns in the United States, operating under licenses from what was now the American Bell Telephone Company. In 1882, American Bell acquired a controlling interest in the Western Electric Company, which became its manufacturing unit (The History of AT&T, 2010). In 1984, bell systems decided to break into eight companies by agreement with U.S. Department of Justice and AT&T. The fundamental principle, formulated by AT&T president Theodore Vail in 1907, that the telephone by the foundation of the new technology of nature and that will operate mainly on the efficiency as a monopoly by providing universal service in the United States. AT& T began restructuring and downsizing in 1995, more than a decade after breaking up the Bell System to settle a Federal antitrust suit (Lander, 1995). Robert Allen aggressively sought to undertake a turnaround of the organization by, among other things...
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...Decision Making Evaluation Paper PHL/320 May 18th, 2015 Professor Chris Mendoza Decision Making Evaluation Paper Many companies offer employment within their companies to avoid laying off individuals from their jobs. Sometimes funds are scarce, so companies have to decrease hours a certain employee might have to work. That keeps them safe on the job, so they do not have to get laid off. They will see a pay decrease also but as long as they still have a job. It avoids them from getting laid off and searching for another job. Communication and honesty are very important to any organization to keep their employees informed about any changes. Exit Programs The early retirement plan is a broad topic. It is a good option if you do not have another resource. The early pension to which employees could aspire, the employer would provide the board, it is important to know that only people who are 55 years or more can acquire this benefit. Many employers try to make early retirement seem more attractive for those who are on the layoff list, by constructing some incentives. The incentives offered depend on the type of pension of work you acquired. There are two types: defined contribution and defined benefit. Incentives come to include: a single payment of the defined contribution pension to increase the value of the fund or pension benefits that work as if he had worked for the normal retirement age (if you are in a defined benefit plan). There are two problems: those who do not participate...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Bottom of Form * Home Page » * Business and Management Evolution of Strategy at Procter & Gamble In: Business and Management Evolution of Strategy at Procter & Gamble Global Issues in Business Week 5 Case Analysis DeVry University Federal Way, Washington Summary In the case study “,” it discusses the history of Procter & Gamble’s foreign business strategy and some of the problems they incurred along the way. It also covers some of their business strategy changes the company introduced in order to become more profitable in a changing world economy along with a more globalized less restrictive trade and business environment. It’s summarized with a detailed discussion regarding P & G reorganization and complete restructuring of the company to control its costs by having European plant closures and layoffs. Questions 3 a, b, c a. What strategy was Procter & Gamble pursuing when it first entered foreign markets in the period up until the 1980s? Procter & Gamble clearly used an international strategy for their expansion into foreign markets throughout a large portion of the 20th century. Not until they began to experience slower growth, profits and sales in the in the early 1990’s did they take a serious look...
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...Employment Termination What Every Manager Should Know Introduction Termination is one of the most difficult tasks a manager will have to perform. A manager needs to have a good understand of everything that is involved in an employee exiting the company. This paper is designed to do just that by giving a broad overview of the topic and highlighting the most important parts. By reading this paper a manager should be much more prepared and less likely to commit a mistake during the termination of an employee. The manager should also be able to make the termination a smoother transition and therefore an easier task to complete. Definitions Definitions of some of the important terms are given to give a manager a better understanding of some of the main ideas involved in employment termination. There are basic ideas that go along with each definition to give a better idea of why the term is important to the topic. Termination from Employment Termination from employment occurs when an employee’s job ends. Termination can be voluntary or involuntary. Voluntary Termination Voluntary termination is when an employee voluntarily ends his or her employment at an organization. This would include resignation or retirement. Another common reason for voluntary termination is a new or better job, typically one that offers higher remuneration or improved career prospects [ (Heathfield, Termination) ]. Involuntary Termination Employment can also be involuntary, meaning that the employee...
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...The company that many of us grew up with that offered disposable diapers and training pants found itself in an ever changing and competitive market. With European markets opening up to more organizations, Kimberly-Clark needed a new strategy to overhaul its business and remain competitive. Some of the factors that brought on the need for restructure as seen in Hitt (2013), was a difficult merger between Kimberly-Clark and Scott Paper, lack of growth in developed countries and loosing market shares to competition. Kimberly-Clark came up with a unique restructuring strategy that would place products into categories based upon their selling strength (Grow, Sustain, or Fix). This strategy was not well received by shareholders and the stock market. Kimberly-Clark then choose to revise this strategy into a more acceptable one. Products would be placed into three categories. Personal care, washroom products, and emerging markets. IDENTIFYING PROBLEMS The obstacle that Kimberly-Clark faced during this restructuring phase would include the reorganization of production equipment and personal. By categorizing products into new categories management and production would have to be reorganized. The original restructuring plan would have products utilizing the same type of equipment being moved elsewhere due to its sales performance. Another disadvantage of this restructuring would be the cost. For example, an article seen in USA Today (2013), Kimberly-Clark anticipated restructuring...
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...Amie Jo Prieskorn Organization Overview J C Penney Company, Inc. was founded in 1902 and has grown to be a major retailer, operating department stores in 49 states and Puerto Rico. In addition to department store sales, J C Penney offers a thriving internet sales site at jcp.com. Retail sales include fashion apparel, footwear, jewelry, cosmetics and home furnishings as well as in store services of styling salons, optical, photography and interior design. According to the J C Penney SWOT Analysis, J C Penney “is headquartered in Plano, Texas and employed approximately 116,000 people, including part-time employees, as of February 2, 2013.”(p.3) these figures do not include the recent sources which indicate future store closings and layoffs. J C Penney’s “key competitors include Kohl's Corporation, Macy's, Target Corporation and Wal-Mart Stores. Some of these companies have substantially larger resources, offer frequent promotions and reduce their selling prices.”(p.8) It is because of these facts that J C Penney finds itself in the predicament it is in. J C Penney sacrificed its customer’s loyalty by taking away its promotions and sales prices in favor of a more streamlined selling experience. There will be no need for sales or coupons because they will sell their products at the lowest possible price every day. In theory this is a good idea, but only if it works, and it didn’t. Consumers want sales, they thrive on them, and J C Penney now knows this and seeks to regain...
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...How To Make Restructuring Work for Your Company Published: | October 1, 2001 | Author: | Stuart C. Gilson | Executive Summary: A bungled corporate restructuring can turn a good idea into disaster. In an excerpt from his new book, HBS professor Stuart Gilson outlines the keys for a successful corporate makeover. Plus: Gilson Q&A. About Faculty in this Article: Stuart Gilson is the Steven R. Fenster Professor of Business Administration at Harvard Business School. * More Working Knowledge from Stuart C. Gilson * Stuart C. Gilson - Faculty Research Page Editor's Note: The following excerpt is taken from the "Lessons of Restructuring" section of Gilson's introduction to Creating Value through Corporate Restructuring. Although the case studies in this book span a wide range of companies, industries, and contexts, some common issues and themes emerge. Taken together, they suggest there are three critical hurdles or challenges that management faces in any restructuring program: 1. Design. What type of restructuring is appropriate for dealing with the specific challenge, problem, or opportunity that the company faces? 2. Execution. How should the restructuring process be managed and the many barriers to restructuring overcome so that as much value is created as possible? 3. Marketing. How should the restructuring be explained and portrayed to investors so that value created inside the company is fully credited to its stock price? Failure to address any one of...
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...HRM 3100 - Managing Conflict and Change Assignment for Course: HRM 3100 - Managing Conflict and Change CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I have added quotes whenever I used more than three consecutive words from another writer. I also certify that this paper was prepared by me specifically for this course. Student’s Signature: Instructor’s Grade on Assignment: Instructor’s Comments: Running Head: Work Stress and Conflict Work Place Elements of Conflict and Stress Submitted by: Managing Conflict and Change HRM 3100 December 01, 2008 Table of Contents Introduction () 4 Globalization () 7 Work-Life Balance ( 10 Coping with Downsizing and Restructuring 13 Work Conditions () 16 Summary () 20 References 22 Introduction Conflict and stress are an intricate part of everyone’s life. The level and domination of these two highly recognizable emotions vary throughout maturity and become greatly enhanced and more complex when one joins the workforce. Work-related stress is the response people may have when presented with work demands and pressures that are not matched to their knowledge and abilities. Work stress...
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...Date: Business Studies Seminar, Final Assignment (Paper) Bekir Gündelik #10481745 23-10-2013 1 Introduction The term “talent” dates back to the ancient world (from Greek talanton; Latin talenta) where it was used to denote a unit of weight or money (Talent, n.d.-a; Tansley, 2011). Subsequently, the meaning of talent underwent a considerable change, standing for an inclination, disposition, will, or desire by the 13th century (Talent, n.d.-a). In the 14th century, talent then adopted the meaning of a special natural ability or aptitude, which was probably based on figurative interpretations of the Parable of the Talents (Matthew 25:14–30) (Talent, n.d.-a). The subtext of this parable conveys that talents—whether they are interpreted as monetary units or natural abilities—are valuable and should not be wasted, and this moral still applies today. This paper set out to identify current developments in global talent management and leadership and the current position of ING Bank (ING) as an employer and facilitator of global talent management programs and leadership programs. The next generation of global talent management practices and solutions will largely be driven by economic evolution, demographic changes, and technology advancements. These factors are dramatically influencing the way people work, the way companies are organized, and the way global talent is managed (Meyers, van Woerkom & Dries, 2013). The aim of this paper is not to provide an empiric study nor based on full...
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...Employment Conflict Management Worksheet Musa Aydemir University of phoenix Employment Conflict Management Concepts Worksheet Concept Application of Concept in Scenario Citation of Concept in Reading Personal Experience in your Organization Imbalanced power County government is shaken by a major reorganization as recently-elected County Clerk of Court Stan Accord follows through on a campaign promise of ‘efficiency and accountability’ by eliminating 15 jobs in the office of County Clerk of Court. Accord has eliminated all the jobs associated with data records management and computer systems, replacing them with contracted services from a competitive bid. One of the more controversial layoffs is Deputy Clerk of Court Dennis Munger, who has had a strained relationship with County Clerk Accord since Accord beat Munger in last November’s election. Accord says that Munger’s position, like all county employees, is an “at will” job with no job protection, and that he has violated no statutes or employee rights in eliminating the jobs, including Munger‘s. "In most relationships, there are times when the participants become aware of discrepancies in their relative power with one another. If one party has more power than the other, the conflict is unbalanced; many of the choices the parties then make are attempts to alter these imbalances. Keep in mind that who has power is always a relative judgment—each party has sources of power even during times of power imbalance...
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...National University of Ireland, Dublin Bachelor of Science (MARKETING) Bsc20 (A) Module: Human Resource Management TOPIC: STRATEGIC HUMAN RESOURCE MANAGEMENT Submitted by: Low Yun Sheng Winston Student Number: 13208652 Lecturer: Mr Dipan K Mehta Submission Date: 15 NOVEMBER 2013 Word Count: 1329 TABLE OF CONTENTS i. ii. iii. iv. v. vi. Introduction Advantages Challenges Evaluation Conclusion Referencing Pg 1. Pg 2. Pg 3. Pg 4. Pg 5. Pg 6. ! i. Introduction Starting off as an administrative function processing paperwork primarily, Human Resource Management (HRM) has reinvented and developed throughout these years to implement strategic changes in both policies and practices, in the hopes of achieving excellence within the organization (George F. Dreher, 2001). Now, HRM has taken a step forward in ensuring its functions and purpose, aligns with the missions and vision of an organization, making sure that its HR practices lead to intrinsic value and tangible results. Beyond that, their level of engagement now places more emphasis on the contributions and well-being of its people. This, in turn, largely motivates and inspires the workforce. Efficient HRM implementation creates a valuable competitive advantage by recruiting and retaining the top talents and rewarding its employees while ensuring the organization complies with the federal rules and regulations. 1! ! ii. Advantages 1. Training and development Developing and implementing training programs...
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...information within the paper will discuss and analyze the collapsing foundation of the economic structure in the United States. The widespread knowledge of economical stresses has become more apparent in recent years. These stresses include many different aspects such as; unemployment rates, expectations, consumer income, and interest rates which have been severely weakened in the United States` once prosperous economy. The issues can no longer be ignored nor overlooked as it is imperative that the nation acts accordingly, in order to preserve what is left our nation’s financial strength. A substantial part of these struggles are a result of an abnormal amount of government spending by the officials appointed in charge of the nation’s spending habits. A reorganization of government spending is essential for the strengthening of the economy. For example, the National Conference of State Legislators stated “Top state fiscal issues generally fall into two categories: the must-address issues and the ones lawmakers (including governors) would like to address. Must-address issues such as Medicaid and education arise every year because they account for $1 out of every $2 of general fund spending.” Naturally, it is extremely important to address educational and medical needs that should be met by residents of towns and citizens of this United States. Unfortunately, it has become apparent that some of the most economically important occupations are receiving pay cuts, layoffs, and further damaging...
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...Economic Downturn page 9 6) Summary page 10 7) Conclusion page 11 Bibliography page 12 8) 1. Introduction This paper briefly examines the current state of the pharmaceutical industry, as well as the economic characteristics, performance, and the impact of the global recession. The industry is made up of several enterprises engaging in the research, development, manufacture and marketing of medicines, vaccines, medical devices, and nutritional products for humans and animals. Though, this multi-billion dollar industry includes large ethical drug multi-nationals (often referred to as Big Pharma), mid-sized specialty pharmaceutical companies, manufacturers of generics, small biotechnology and biopharmaceutical firms, and service companies, 1 for the purpose of this paper, the emphasis will be mainly on drug makers. 2. History/Overview of the Industry The pharmaceutical industry of today is a far cry from its humble beginnings in the nineteenth century of physicians mainly prescribing plant extracts to being technology intensive, dominated by a few large companies with significant research and development (R&D) budgets, and significant government oversight. Over the past five years, the industry has been characterized by mega-mergers and acquisitions, company reorganizations, regulatory reform, expiring patent protection, and the growth of generics. Figure 1. Big Pharma Top 10 for 2010 The United States is the largest...
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