...w mandate Human Resource Management Summary and Critical Review of A New Mandate for Human Resources Submitted by Group 4 Maruth Kumar M (2007PGP070C) M Mohan Rao (2007PGP074C) Phani Koundinya N (2007PGP077C) Naik Chetan Bhimrao (2007PGP080C) Nalin Rana (2007PGP081C) Navneet Singh Arya (2007PGP082C) Nikhil Kumar (2007PGP085C) Nitin Gupta (2007PGP086C) Santosh Kumar V S Matala (2007PGP137C) Sulakshana Ramakrishnan (2007PGP159C) A New Mandate for Human Resources The article starts with analyzing whether we really need HR in today’s business scenario. Currently, HR’s basic function is to handle policy making and all the paperwork involved in hiring and firing, manage the bureaucratic aspects of benefits, administer compensation decisions, oversee recruitment, and manage training and development programs and design initiatives to increase workplace diversity. But there are still doubts over the contribution of HR to organizational performance. Often, it is found uneconomical and inefficient. Author has identified 5 factors that make an HR department necessary: • Globalization - Expansion of global markets have made it important for managers to have knowledge about global trade issues and also meet local needs. Therefore, it has become necessary for the organization to learn and collaborate and to manage diversity, complexity and ambiguity. • Profitability through growth - Companies now feel a drive for revenue growth...
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...A New Mandate for Human Resources Article Summary and Critique Human Resource Management Article Summary: A New Mandate for Human Resources HR’s role in an organization has been perceived as peripheral at best, and value sapping at its worst. In today’s world, when most of the processes & systems can be copied thus rendering no sustainable advantage in long term, companies can majorly differentiate themselves only by building its intellectual capital (employee competence) & organizational excellence (organizational capabilities) – which are very hard to copy. HR’s contribution to achieve this is vital. It is in this light that HR’s role & responsibilities needs to be relooked & redefined to extract meaningful contribution from HR. To achieve this, both, senior management’s & Line manager’s expectations from HR, and HR’s expectations from itself,...
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...Article Summary and Critical Review Human Resource Management A New Mandate for Human Resources By Dave Ulrich 1 Summary In recent times HR has been perceived as ineffective, incompetent and costly. A need has been felt for creating a new role and agenda to focus on the outcomes and deliverables enrichinhg the organisations value to customers, investors and employees. The four ways which should be adopted by the HR are ← It should partener with the management in executing the strategy ← Develop an expertise in organizing and executing administrative work efficiently. ← Become a medium of transferring employes concerns to the management and develop means to increase employee contribution. ← It should become a change agent, shaping processes and cultures for facilitating change in the organization. The primary role of transforming the HR role lies on the CEO and all line managers who have the main responsibility of achieving the business goals. Thus the line and the HR should form a partnership to make it focused on outcomes rather than activities. 1 Reasons for increase in importance of HR HR can play leadership role in meeting the following competitive challenges Globalisation – The HR must develop understanding and skills in ways of international customers, commerece and competition. It should facilitate the organization in increasing its...
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...and the Controversial Preventative Maintenance Mandate When I first opened up assignment #2, I noticed the topic was CMS and that was a good thing because I currently work for a medical delivery company that deals with the CMS on a daily basis. This research into their organization would allow me to understand them a little further than what I already know. CMS stand for the Centers for Medicare and Medicaid Services which covers a very large portion of the United States. It covers not only people, but organizations, businesses, etc. Through Medicare, Medicaid, the Children’s Health Insurance Program and the Health Insurance Marketplace, it covers approximately 100 million people! (CMS, 2014) The CMS is a federal agency that lies within the Department of Health and Human Services and their main focus is to administer the Medicare program as well as work with state agencies to administer the Medicaid and State Children’s Health Insurance Program. Considering the magnitude of what CMS covers, almost every healthcare facility in the country falls under the CMS wing if they accept Medicare or Medicaid as a payment for their services. Because of this, CMS has the “right” to pass any mandate o requirements as they see fit. Because the CMS is responsible for over 100 million people’s Medicare, Medicaid, etc. accounts, they can provide mandates and memos to various departments within healthcare organizations to follow a new order if they think it is necessary. CMS deems...
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...cover 32 million uninsured Americans and to assure their access to high-quality care. The nation's medical schools and teaching hospitals have expressed their full support for this bill to President Obama, and now stand ready to work with the administration and Congress to carry out these significant changes to our health care delivery system." (AAMC, 2010) The health care reform bill creates a shared responsibility for health care among individuals, employers and the government to ensure that all Americans have affordable essential health benefits. Two of the key components, and possibly the most debated or criticized of the Affordable Health Care for America Act are the individual mandates and the health insurance exchange subsidy programs. The individual health insurance mandates under the new health care reform, will require most U.S. citizens and legal residents to have health insurance. There will be a subsidy program that will be implemented along with a state...
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...cover 32 million uninsured Americans and to assure their access to high-quality care. The nation's medical schools and teaching hospitals have expressed their full support for this bill to President Obama, and now stand ready to work with the administration and Congress to carry out these significant changes to our health care delivery system." (AAMC, 2010) The health care reform bill creates a shared responsibility for health care among individuals, employers and the government to ensure that all Americans have affordable essential health benefits. Two of the key components, and possibly the most debated or criticized of the Affordable Health Care for America Act are the individual mandates and the health insurance exchange subsidy programs. The individual health insurance mandates under the new health care reform, will require most U.S. citizens and legal residents to have health insurance. There will be a subsidy program that will be...
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...individual mandate provision of the Affordable Care Act, known as “Obamacare” an appropriate policy to promote personal and social responsibility? Obamacare is for those small organizations that pay for their insurance. Obamacare, which is also well known as the Affordable Care Act (ACA), is a law passed which guarantees that all Americans can have health insurance which is affordable. This is executed by providing Americans tax credit, or discounts, on health insurance plans provided by the government. Someone can only gain tax credit to help offset your health insurance costs only if your household income between one to four times the Federal Poverty Level, which is used to determine the lowest cost for basic necessities. It is also executed by enlarging Medicaid programs to include Americans who cannot pay for their health insurance. Of course with a new law come new rules. The Affordable Care Act now has rules which companies are required to follow. One of the rules now allows for someone who has had any history of a preexisting medical condition, such as cancer, to not be rejected for any reason, and to have costs low. Whereas before if someone with a history of a preexisting medical condition went to buy health insurance they would be turned down. One of the most important segments of Obamacare is the individual mandate. It is a part of the shared responsibly provision and it also includes a responsibility fee. One of the things the individual mandate provision...
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...were only seeking new territory, however, they soon became involved with building a home for the Jews within part of the territory that would come under their control via the Balfour declaration. However, only after the war when the League of Nations was created did this mission become official. The League of Nations issued...
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...| The World Bank (IBRD) and The International Monetary Fund (IMF) | | | | | Appendix CDF Comprehensive Development Framework IBRD International Bank for Reconstruction and Development IMF International Monetary Fund LIC low-income countries SDR special drawing right Executive Summary The second half of the twentieth century was one of unprecedented economic achievement. Rapid growth in the world economy, fueled by expanding international trade and advancing technology, brought more rapid increases in living standards to more of the world's people than ever before in history. And yet, despite these significant gains, we live in a world with severe deprivation and inequality. Over one billion people one fifth of the world's population live on less than a dollar a day, and per capita incomes in some countries have been declining for decades. In the next two decades, world population will grow by another two billion people. Nearly all of them will be born in developing countries. Without action by the international community, the global divide will worsen. We live in one world, and poverty is a threat to global security and welfare. The purpose of IMF & World Bank (IBRD) is to help all our member countries develop their human potential and productive resources, thereby building the foundations for sustainable economic growth. Recent history shows that countries that pursue the right policies, operating in a growing world economy, and with...
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... i. Affordable Care Act b. Analysis of Obamacare ii. CBO iii. Political Climate c. Pros and Cons II. Economic Growth d. Employers Response e. Small Business Survival f. GDP Growth III. Patient Protection Act g. Summary of Provisions h. Patient Bill of Rights IV. Conclusion Is Obamacare the solution to the real world problem of affordable healthcare? The purpose of this research paper is to understand whether Obamacare will be a solution to our growth or a long-term economic downfall. Does it make healthcare insurance less expensive? How will employers respond to Obamacare mandates? Can small businesses survive Obamacare? How reasonable are the projections? Obamacare also known as the Affordable Health Care Act is a new United States law designed to reform the American health care system. The main focus is on providing more Americans with access to affordable health insurance by improving the quality of health care, reducing health care spending, and regulating the health insurance industry (ObamaCare, 2014). Analysis Studies indicate that Obamacare has increased the underlying cost of individually purchased health insurance in the average state by 41 percent (Roy, 2014). This is an estimate average however, much research indicates that many different counties have increased premiums in excess of 200 percent rates. According to the Congressional Budget Office (CBO) it doesn’t...
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...• Question #8 on page 486 at the end of chapter 16 Artie, Bella, and Carmen are Medicare Part D recipients. Artie currently has $1000 in prescription drug costs each year. Bella and Carmen have $3000 and $6000, respectively. Each has a mild case of insomnia and a new drug. Has just been introduced to treat their condition. It will cost $1000 per year. Which of the three is most likely to take the new drug? It is indicated that Medicare part D would cover 75% of the cost of the drug. Therefore, for Artie since adding the new drug would increase his expenditures from $1000 to $2000. The drug would therefore cost him an additional $250 out of pocket each year. Bella would have to pay a full $1000 out of pocket for the drug, since she is in the donut hole of coverage between $2500 and $5100 per year. Furthermore, Carmen is above the donut hole and would have to pay only $50 (5% of $1000) for the drug. Therefore, then Carmen would be the most likely to take it, than Artie or Bella. Carmen would most likely take the newer drug because it would be the cheapest option for her. Medicare would help cover the costs and she would have to pay $50. •...
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...health insurance. Consistent with this pattern, 29 percent of non-elderly adult workers at firms with fewer than 25 employees were uninsured in 2007. In that same year, just 10 percent of workers in firms with 500 or more employees were uninsured. Workers at small firms that do offer health insurance also tend to have less generous plans than workers at large firms. • The fraction of small firms offering health insurance has been declining in recent years. From 2002 to 2008, the fraction of firms with 3 to 9 employees offering health insurance to their workers declined from 58 to 49 percent. References: 1. Roy, Avik (February 7, 2012). "The Tortuous History of Conservatives and the Individual Mandate". Forbes Magazine. 2. Cohn, Jonathan (April 9, 2010). "Common Sense". The New Republic. 3. Cooper, Michael (February 14, 2012). "Conservatives Sowed Idea of Health Care...
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...unemployment and poverty – causing the Chinese to lose confidence in their Emperor. All these factors ultimately led to the Emperor’s loss of power – the Emperor ultimately losing the mandate from heaven. The Qing dynasty could not resolve its many problems, and the 2000 year old imperial...
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...Health Policy Brief Statement of the Issue: Becoming sick without health insurance can be physically and financially devastating. The working class people and those who have been recently terminated from their employment unfortunately cannot buy health insurance due to its expensive nature. Self-employed workers and small business owners also lack the resources to buy this provision. In order to help the 41 million uninsured Americans, Congress passed the Health Care Reform Bill called the Patient Protection and Affordable Care Act (PPACA). Supporting Data and Information The issue of health care reform is not a novelty in the United States. One of the earliest health care reform proposals at the federal level was the 1854 Bill for the Benefit of the Indigent Insane, proposed by Dorothea Dix but was eventually vetoed by president Franklin Pierce. The bill was intended to establish asylums for the insane, blind, deaf, and dumb through land grants given by the government to the individual states. In 1965, President Lyndon Johnson created Medicare and Medicaid, insurance programs that provided health insurance to people aged 65 and over and that partially funded a program for those with low income respectively. In 2010, President Barack Obama enacted the Patient Protection and Affordable Care Act. Through the PPACA, the government will be able to provide a system of mandated health insurance over four years and eliminate “some of the worst practices of insurance companies”...
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