...cross-cultural researchers. Our empirical results indicate that while government policy has urged movement to a universally derived system of HRM processes, few sport organisations have adopted a formal HRM strategy and HR practices are widely variable across organisations http://www.inderscience.com/search/index.php?action=record&rec_id=7124 While at HRPA 2011, Canada’s conference and trade show focusing on HR issues and trends, I stopped in to check out Howard Wallack’s session, 10 Global HR Trends for 2011 and What You Need to Know to Manage Them. Wallack is the Director of Global Member Programs for Society for Human Resource Management, and in his discussion at HRPA 2011, he drew from several studies and surveys (EIU’s Global Firms in 2020, IBM’s Working Beyond Borders, BCG/WFPMA’s Creating People Advantage 2010, and more) and gathered input from SHRM’s Global Expertise panel to determine the 10 most prevalent global HR trends for the rest of 2011. The business world is becoming increasingly global, yet as Wallack mentioned in his presentation,...
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... Attracting,&retaining&and&engaging&star&performers& & What&HR&practices,&policies&and&programs&can&be&implemented&to&attract&and&retain&a& diverse&pool&of&qualified&STEM&employees?&Consider&also&addressing&potential&obstacles& and&barriers&to&effective&implementation&of&such&programs&and&how&these&might&be& managed.& & & ! ! Bolanos,!Eugenia! ! & & & th March&30 ,&2016& Human!Resources!Management!–!Final!Paper! Introduction& Science,! technology,! engineering! and! mathematics! (STEM)! workers! drive! innovation! and! competitiveness! by! generating! new! ideas,! new! companies! and! new! industries.! However,! businesses!frequently!voice!concerns!over!the!supply!and!availability!of!STEM!workers.!In!the! past!15!years,!the!demand!for!STEMJqualified!talented!employees!has!increased!while!the!offer! has! been! stable,! this! is! creating! a! serious! shortfall! of! talent! that! has! implications! for! an! increasingly!global!economy!of!innovation.!This!labor!market!behavior!brought!a!sever!challenge! to! human! resources! departments! of! all! STEMJrelated! companies.! The! challenge! starts! in! the! recruiting!process!where!there!are!a!number!of!factors!that!are!inhibiting!new!entrants!to!STEM! fields!and!attracting!existing!participants!away!to!other!areas.!Then,!the!candidates!go!through! the!application!process!and!are!often!driven!away!if!the!career!growth!prospects!do!not!match! their!expectations.!Finally,!retaining!successful!STEM...
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...the workforce. The 21st century workforce will consist of multi-generational team and a mix of minorities. With a more diverse and complex workforce, the challenges facing the HR managers also expands. There are several issues faced by contemporary business leaders. First is globalization-which is the present flow of capital, goods, services, ideas, people, and information virtually. Second is talent acquisition and talent management issues- HR Administrations are still struggling with managing their talent efficiently. Most corporate employment and talent meanings are reactive and hardly are they future focused. Third is fruitful human capital administration-the explanation to handling your multi-generational staff. As we move towards 2020 there will be four generations working side by side, how can we accomplish knowledge transfer and maintain good team work when there exists intergenerational problems due to generational differences in values. To maintain a productive workforce requires a HR organization that understands the talent pool of a business and can review and implement needs for the business. Talent management processes like performance cycles and compensation interact flawlessly with benefits and payroll (Lussier, Robert & John 48). The major challenges facing leaders and managers *...
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...More Globalization To Solve Japan's Prolonged Economic Stagnation: 2020 Tokyo Olympic, Establishment of Foreign Companies and Cultural Reform/Cultural Ramification Before Japan was globalized it was secluded from the rest of the world for nearly two centuries from1603 to 1868. This time period was called the Tokugawa Period. Even though Japan closed its ports to foreign trade, it was self sustainable and independent. This self sustainable society was maintained through its unique producer-consumer relationship and the "reuse recycle" practice in commerce due to the island's limited resources. Repair merchants such as tinker, ceramics repairers and truss hoop repairers supported a society where nothing was thrown away but instead carefully repaired and reused until the products were truly un-amendable. For example, tinkers used special techniques and charcoal heat to weld holes in pots and kettles with other metals; ceramic repairers glue broken ceramic pieces together with sticky rice and applied heat; paper makers buy used papers and blend them to make a variety of paper from writing paper to toilet paper (Staff). The Tokugawa Period served as a model of a flourishing sustainable society to the Japanese. After Japan was introduced to globalization during the Second World War, the nation benefited from becoming a export driven economy, business policies such as the lifetime employment policy promoted the efficiency of the company, and the cultural influences on business management...
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...Introduction The world Tourism Organization announced a 10 year average growth rate of 4.5% of the global tourism industry. The Department of Tourism of the Philippines posted a growth rate of 10% in 2007 and the forecast in the next 5 years is even brighter. There were 903 million international tourist who travelled in 2007. By 2020, the figure is estimated at 1.6 billion. The number of tourism and hospitality workers is expected to grow proportionately. Tourism plays an extremely important role in a countries economy. According to data from the Department of Tourism, tourist arrival on Boracay Island which was earlier named as the world’s top island destination by the prestigious travel and leisure magazine alone reached 1,023; 429 from January to October this year 2012. The 10- month data for this year already surpassed the 908,574 tourist recorded last year. Not only has the number of tourist increased rapidly, the profile of foreign tourist coming to the Philippines has also changed. The influx of Asian travellers like Koreans, Taiwanese, Chinese, Americans and Australians has specifically rated the dynamic growth of the tourism market. To sustain this phenomenal growth in the hospitality and tourism industry, the need to provide quality service and product is at most importance. As kusluvan(2000) pointed out skilled, enthusiastic and committed workforce is vital to the success of firms in this industry. This service industry logicies frequent and intense face to face...
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...Knudson (2013) also states that the average nursing vacancies in hospitals are projected to reach 800,000 by the year 2020. In the 2016 National Healthcare and Registered Nurse Retention Report states that the national nurse turnover rate was up to 17.1%, which is up from 16.4% in 2014 with cost to the institution averaging 37,000 to 58,400 per registered nurse (Fisher, Jabara, Poudrier, Williams, & Wallen, 2016). The nursing shortage will be of continued importance with the continued rise in the aging population of nurses turning to retirement and the aging population that will need medical care. The increase in burnout and unsafe work environments are a few of the leading causes of job dissatisfaction among nurses. Iglesias and Vallejo (2013) states that stressful experiences may lead to work related problems such as staff conflicts, absenteeism, lower morale...
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...as an asset to organization has changed the way organizations describe people-human resource. The Human Resource Management (HRM) function includes a variety of activities, such as job analysis, human resource planning, employee recruitment, selection, motivation and orientation, performance evaluation and compensation, training and development, labor relations and employee safety and health. However, recently, the phrase "talent management" is being used to describe human resource and it does refer to the activities that attract, develop and retain employees. Some people and organizations use the phrase to refer especially to talented and/or high-potential employees. Talent Management can be defining as "developing, redeploying and retaining top employees" serves as a general definition of talent management. Synonymous with Human Capital Management, talent management is an umbrella phrase which includes employee...
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...will be brought forth to the governance body to support strong nurse leadership. There is a direct correlation between effective nursing leadership and nursing retention (Force, 2005). In addition, Force (2005, p. 336) concludes that the “Two key issues that are affecting healthcare organizations are nursing retention and recruitment." Therefore, nurse managers are an essential part of recruiting and retaining staff. At a time when the economy is bad and nursing cost the hospitals a great deal of time, effort and money it is important to try to retain nurses. In the operating room, it takes about six months to a year to train a nurse, whether it is a new graduate nurse or a nurse from the floors. According to Grohar-Murray and Langan (2011) “One of the most serious of the issues facing healthcare delivery is in nursing shortage. There are some signs this problem is abating, but currently the United States is experiencing a critical nursing shortage that is expected to intensify it is estimated the current shortage of registered nurses will be 340,000 by the year 2020” (p. 10). The cost of training a newly hire nurse or training a nurse on another unit runs into the thousands of dollars, not to mention that while the nurse is in training the unit for all intents and purpose is down one nurse. It costs approximately $42,000 to replace a medical/surgical nurse and about $64,000 for an intensive care unit nurse (Force, 2005). There are different kinds of nursing leaders...
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...Annual Report Analysis of J.C. Penney Company, Incorporated Sarah Gray & Jade Vinson Hampton University Abstract This paper is going to provide an analysis of the J.C. Penny Company, Incorporated (JCP) and its financial statements. We begin by giving a background of the company and an overview of the company’s commodities for brief understanding; and then proceed to discuss the financial state of JCP. We review and analyze the company by calculating ratios necessary to conclude JCP’s current financial health. We then provide a section showing the company’s current pro forma financial statements. Next, there is a pro forma projection for the year 2020. Lastly, there will be a regression analysis comparing the stock prices of JCP to the S&P 500 Index. Keywords: ratio, projection Annual Report Analysis of J.C. Penney Company, Incorporated In 1898, James Cash Penney entered into business with Guy Johnson and Thomas Callahan for their dry goods stores called Golden Rule located in Wyoming and Colorado. The following year, Penney was sent to Wyoming to open a new store with the owners using his savings and the help of a small business loan. After the opening of the first store on April 14, 1902 he opened two more. In 1907, Johnson and Callahan ended their partnership and Penney bought full interest at all three locations. By 1912, there were 34 stores open and in the following year the company became incorporated under J.C. Penny Company and William Henry McManus...
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...over the coming years. Mittelman (2010) reports that we will have a short fall of at least one million nurses by the year 2020. The implications of this shortage are widespread. Consequently much attention about the nursing shortage (beside to administrative leaders) has captured the attention of health organizations, policy makers, researchers, academic institutions, and the profession itself (Kirschling, Colgan, & Andrews, 2011). A significant amount of attention targets hospitals since they employ the largest percentage of nurses. Importantly, challenges that stem from the nursing shortage must be addressed in a proactive manner to support endeavors of providing excellent patient care for patients, families, and communities served. Furthermore, healthier environments would help prevent burnout among nurses producing poor morale. Retention of current nurses and attracting new individuals to the profession is paramount if we are to sustain adequate numbers of qualified professionals. Healthcare organizations are the cornerstone of nursing employment. These institutions have difficulty hiring new staff as well as keeping current professional nurses. Halfer (2011) reported that hospital leaders must support nursing job satisfaction as well as professional practice development. In effect, this will result in an increased probability of retaining staff that are incredibly expensive to replace monetarily and time-wise from the perspective of developing a well functioning...
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...Introduction Utilities are the companies involved in the production, delivery and service of natural assets. The increasing demand for utility services, particularly for electricity, is leading to the growth of the sector. The utilities sector is highly regulated as the essential supplies cater to basic human needs, and governments try to ensure the prices of these supplies stay within reasonable limits. The utilities try to increase prices through the filing of rate cases. The investments and costs incurred for the modernization and maintenance of reliable services are recovered through these rate cases. As per a recent U.S. Energy Information Administration report, global energy use will increase to 770 quadrillion Btu in 2035 from 505 quadrillion Btu in 2008. The majority of this usage is expected to come from countries outside the Organization for Economic Cooperation and Development. The energy market of non-OECD nations has a larger scope for improvement compared to the more mature OECD nations. Utilities can be broken down into three main industries: ← Electric Utilities The EIA reports that electricity consumption in the U.S. will increase from 3,841 billion kilowatt hours in 2011 to 4,930 billion kilowatt hours in 2040, increasing at an average annual rate of 0.9%. For the fuel type in energy generation, renewables and natural gas will play an increasing role while coal and nuclear power will gradually fall out of favor. Natural gas-fired...
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...Institute of Medicine (IOM) report: "The Future of Nursing: Leading Change, Advancing Health,": Transforming Practice, Transforming Education, and Transforming Leadership. Debra New Grand Cannon University September 6, 2015 The Future of Nursing: Leading Change, Advancing Health to understand how the 2010 Institute of Medicine (IOM) report impacts nursing we must first understand what it is. The IOM report is the result of a two-year project that was launched by the Robert Wood Johnson Foundation (RWJF) along with the Institute of Medicine. The report presents recommendations for an action plan for the future of nursing (Institute of Medicine, 2010 p.119). The report titled the “Future of Nursing” contained research that supported a formation for the envision on the way nursing will become. The central idea was to make sure the public would receive quality, affordable care where they would feel protected. The report was designed for nurses, policy makers, government officials, insurance companies and the public, all of which have a vested interested to ensure quality, safe, cost effective health care (Holzemer, 2010 p.119). The recommended changes in these areas of nursing serve as a fundamental part of attaining the goals set forth by the Affordable Care Act(2010)...
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...size relating to Omanization to become obtained having half a dozen elements of the specific special industry. Have hard drive along with advertising and also product sales marketing communications: 60% Dollars, coverage along with real estate property: 45% Business oriented: 35% Lodges along with dining places: 30% Under below wholesale as well as store trading: 20% Being corrupted having: 15% Many of the federal government ministries have got previously attained 100% Omanization. Impacts on the Performance of the Private in Oman On the list of common locates associated with Oman's coordinating imaginative and prescient vision 2020 is usually to showcase, support as well as develop the position on the non-public part in the crucial creating power on the nationwide financial state. Together with Oman's imaginative and prescient vision 2020 personal convention located inside Muscat inside summer 1995, His Majesty's tackle about the place definitely emphasized the importance on the non-public part to utilize the exciting situation from your advancement on the personal course of action and also...
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...The New Growth Path: Miracle or Mirage? pg. 1 The New Growth Path: Miracle or Mirage? The South African government has embarked on a series of economic programmes to achieve job growth and redistribution goals. The New Growth Path is the latest: it sets an ambitious target of creating five million jobs by 2020. The Path contains some good dimensions, but remains largely a set of slogans: “green economy;” “knowledge based economy.” It raises some scepticism as far as its workability unless some targeted policies are identified, prioritized and followed through including coordinated monetary and fiscal policies, skilled workforce development, and targeted sector development. Precisely how important the various elements are is not detailed. South Africa: the Unemployment, Inequality and Poverty Challenge South Africa’s unemployment rate is one of the highest in the world: according to the International Labour Organization, which adopts a narrow definition of unemployment being “decent work”, in 2006 South Africa’s unemployment rate was over 25%, close to double the highest unemployment rate of middle income economies which is Poland (13.8%) and much higher than many of its Latin American comparators such as Chile, Mexico and Argentina (ILO, 2008). Also noteworthy is that these unemployment rates differ greatly by age: the unemployment rate of African youth (15-34 years) stood at 52.7% in 2010 (Dimant et al., 2010). South Africa also registered an increase of income inequality...
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...Scarce Resources-Nursing shortages Nursing shortages has become a global issue facing many countries. The scarcity of nurses is expected to increase as demands for health care services increase. Scarcity of resources in health care is a multi-faced problem with multiple causes ranging from nurses leaving the profession because of job dissatisfaction, retiring baby boomers, increasing health demands with decreasing number of those entering the profession, shortage of nurse educators and nursing school, and lack of nursing program funding (Buchan & Aiken, 2008). Nursing shortage is not only a shortage of individuals with nursing qualification but also a shortage of qualified individuals who unwilling to work under current conditions. The American health care system is on a time bomb waiting to explode. The Nursing Shortage Influencing Factors Nurses leaving the profession because of job dissatisfaction Inappropriate distribution of nursing resources through inadequate career support, in appropriate skill mix and utilization, and poor retention incentives lead nurse’s job dissatisfaction (Buchan & Aiken, 2008). Inability of nurses to advocate for patients’ safety causes job dissatisfaction leading to poor job performance and negative patient outcomes. Therefore, nurses will leave the profession because of guilt and dissatisfaction for inability to perform to their best abilities. Aging Registered Nurses (RN) Workforce The fewer RN population entering the profession,...
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