...employees in a way that employees would like them to show appreciation. Most employers don’t follow the phrase. Although most of them are aware of it, but may not believe it applies to the organizations. It is a rare situation for some people to have an opportunity to work for a company that treats employees exceptionally well. It would be helpful if employers would remain loyal to employees but it doesn’t always seem to work that way. It’s a strange relationship – employer and employee. Unfortunately, most do not know how to communicate either way. As a result, there are minor issues that may surface but never addressed and sometimes grow into major issues. The loyalty in the relationship doesn’t always seem to work both ways. Texas Roadhouse uses money as a motivator for employees. In today’s economy, describe alternative methods that could be used to motivate their employees. Since today’s economy is facing financial challenges, employers have an opportunity to motivate employees in other ways such as paid time off, gift cards, flexible scheduling, and work from home options. Sometimes, employees are grateful when an employer allows an opportunity to fulfill other duties outside the workplace in exchange for money. An opportunity to have time off with pay boosts employee morale, too. Discuss the possible effectiveness of each of your alternative methods. Each alternative method can have positive effects on...
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...Wage be increased? "I think Britain can afford a higher minimum wage. I think we have worked hard to get to this point and we can start to enjoy the fruits of all that hard work." This was said by George Osborne the Chancellor of the Exchequer and Second Lord of the Treasury of the United Kingdom. George Osborne has signalled that he is willing to raise the national minimum wage from £6.31-an-hour to £7-an-hour, an above-inflation increase. The National Minimum Wage was set up in 1998 to protect low-paid workers; however increase in the UK National Minimum Wage will cause more harm to the economy, employment sector and even the society than the proposed good. Students will leave their primary aim of getting educated to go in search of jobs; employers will employ less number of people thereby increasing unemployment; the economy will suffer lack of growth that might get Britain into bigger debts and probably a recession. Researchers from the Respected Organisation for Economic Co-operation and Development said Britain has more teenage drop-outs than in most other countries. Almost one in five young people in the UK are not educated to A-level standard which is a shocking figure. Increasing the national minimum wage will encourage high school student to drop-out and go in search of jobs. What does the future hold for the upcoming generation? The society of today is looking to this upcoming generation to make the world a better place...
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...Globalisation can be described as the intertwining processes of the world. It is not only an economic process, which involves rising communication and integration of all countries’ economies through the growth in international trade and investment, but also the rapid cultural, social, technological and industrial exchange between nations (IYP, 2002, p. 11). Globalisation presents significant opportunities, as well as many challenges, for business around the globe. Many companies are currently making the decision to move production offshore to lower expenditure and increase profits. However, there are numerous environmental challenges, as well as ethical dilemmas involved with outsourcing. Throughout this essay I will show how globalisation is connected with the present issue of New Zealand’s ‘Fisher & Paykel’ (F&P) Brisbane plant outsourcing manufacturing of their whitegoods to Thailand. Shown by exploring the reasons and challenges involved both in the business environment and ethical arena. Such ethical issues under scrutiny at present are the loss of Australian jobs and the replacement of low wage employment offshore. After the analysis of various sources of information, it will be clear that the move by Fisher & Paykel, to commence production offshore, is in fact beneficial to the Australian economy. Globalisation is not a new process, but rather the result of human modernisation and advancement, and, industrial and technological development. Although the term ‘globalisation’...
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...declining economy has enslaved thousands of people in a life of hardship. The state of the economy has spurred mass furloughs, financial losses and homelessness. With no end in sight, people are becoming desperate in their attempts to support their families and maintain civility. While the government attempts to combat the depreciating economy, personal securities are increasingly declining. Society’s interconnection with the economy has led to massive personal losses. The economy has entangled governments and businesses all around the world, as if weaving its own web of destruction. The depreciation of the economy has forced business to invoke mass furloughs due to the inability to post profits. The loss of income has had a detrimental effect on society. Furloughs have caused people to sell personal items in order to support their families. People have been inhibited from obtaining savings accounts, loans, and housing. The effects of furloughs have included a rise in medical conditions. As a matter of fact, “The NIH has also documented that people under pressure to meet basic expenses are more likely to put off visits to primary care physicians for routine medical care, especially those who have lost their health insurance due to unemployment. As a result, minor health conditions can become exacerbated further increasing the overall stress level.” Businesses are forcing people to accept pay cuts and reduce their standard of living. With the employment rate...
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...effectiveness of the current fiscal policy recommendations from both the Keynesian and Classical model perspectives. To better understand what the state of the unemployment situation is in today’s current economy, it was determined that a good place to start was with the Bureau of Labor Statistics (BLS) or the U.S. Department of Labor. The first quarter tally of 2013 is not available until February 2, 2013. Therefore, we based our calculations on the data from December 2012. According to the BLS, the definition of the unemployed is, “Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the referenced week. Persons waiting to be recalled to a job from which they were laid off need not have been looking for work to be classified as unemployed” (US Department of Labor, 2012). Currently there are 12.2 million unemployed persons in the United States, with little change in December. The unemployment rate is holding steady at 7.8 percent and leveled since September 2012 (US Department of Labor, 2012). This is due to the recessive state of our economy, as jobs are scarce and the government is trying to implement stimulus to the economy to create more jobs. The unemployment outlook however, remains well above 7 percent for 2013 and projected to...
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...People make choices every day – decisions as big as choosing a career or a marriage mate and as small as selecting what to wear or what to eat. Even seemingly small decisions, however, can have far-reaching effects. In today’s virtually borderless society, the food we choose to eat affects not only ourselves but also our communities, our ecosystems and even the global economy. Therefore, we need to think globally and act locally. We need to widen our horizons and think about how what we choose to consume affects the environment and the people around us in both the short-term and the long-term. First, the global market itself has pros and cons. A global market ideally creates opportunities for more people to provide goods and services more cheaply, which in turn makes more jobs available. Additionally, it allows consumers complete access to many products that would otherwise be difficult, if not impossible, to acquire. However, in order to do any good in the long term, the system must be sustainable (Collins, 2010). That said, today, the global market is realistically not so. Decentralization, which functions by having smaller groups of people specialize in a certain niche product that is then dispersed globally, is socially unjust, creating pockets of wealth while a large majority of people work hard for less money in their local currency (Norber & Gorelick, 2013, para 5). The high demand for one specific area’s natural resources results in frequent over-farming, which...
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...ASEAN IN TODAY’S WORLD 2013 The Economic Structure and Employment of the Philippines This paper is written to accomplish the requirement of ASEAN Economics Studies of ASEAN Today’s World 2013 in Ateneo de Manila University, Philippines Lecturer: Prof. Victor S. Venida, Ph.D. Written by: Nur Isnaini Masyithoh Faculty of Economics and Business Universitas Gadjah Mada 2013 I. Background Sectorial Structures of World Economies According to World Bank, one way to determine the structure of economy is by analyzing its three main sectors; agriculture, industry, and services in the country’s total output and employment. Initially, the agriculture is the main sector of developing countries. The shift comes to industrialization and post-industrialization. Industrialization assumed to increase and replace the agriculture because modernization refers to specialization of economic function, monetization of transaction, and homogenization of goods and services (Venida, 2000). The homogenization is formed by the improvement and innovation in technology enhancing the agricultural products. As the requirement of productivity and quality in agriculture increases, the innovation and function of technology has become the obstacle of the growing industry. Source: World Bank (http://www.worldbank.org/depweb/beyond/beyondco/beg_09.pdf) As the income rises, goods become immaterial. People no longer rely on materials since needs are already satisfied. Instead, they will concern about services including...
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...A Coffee Cart and the Economy Natasha L. Professor Paul Napolitano Colorado Technical University October 22, 2010 Owning and operating your own business can be difficult, especially in today’s economic climate. However, with the proper information and a good plan, success can become a reality. With that in mind, I have created the following report to assist our client in making their push cart business the best that it can be. Luckily, our client has told us that they would like to operate their cart year-round, as well as twelve hours a day. This information will be very useful in creating a report that looks at many different aspects of an outdoor business. In addition to the client’s chosen hours of operation, our firm has narrowed down a good location for the cart to two areas. By the end of my report, we should have provided enough information to the client for them to choose the best location for their coffee push cart. To begin, we should look at the populations of these locations, as they will dictate demand for our client’s product. After all, if the want is not there, neither is a profitable business. When we look at the two cities, we see that the population of Cleveland has been dropping by nearly 50,000 people every ten years since 1990. This is leaving Cleveland with an estimated population of only about 431,369 [ (U.S. Census Bureau, 2010) ]. Houston on the other hand, has seen a growth in population of nearly 200,000 people every year since...
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...……………… 10 Labor Standards in Germany …………………………………………………………... 12 Labor Standards in China ………………………………………………………...…..... 19 Comparative Analysis ………...…………………........…………….……..……....…… 25 Conclusion ………………………......……………………………….……....………… 29 References …………………………...………..……………………………….……….. 31 Appendix A …………………………...………..……………………………...……….. 35 Appendix B …………………………...………..……………………………...……….. 36 Appendix C …………………………...………..……………………………...……….. 37 Appendix D …………………………...………..……………………………...……….. 38 Appendix E …………………………...………..……………………………...……….. 39 Executive Summary As a result of systemic changes in the economy over the last two decades, the world of work has radically changed in eastern European and Asian countries. Transition reforms have led to rapid structural shifts in the economy: China has become a focal point for much of the insecurity that globalization has produced: for the past two decades China has experienced explosive economic growth that has attracted jobs and capital from around the world (Feng, 2007). No other industrializing country has ever attracted jobs at both the high and low ends of the production chain. From basic level assembly work to the upper tiers of industry and services, China is setting the global norm for working standards around the world. Workers in rich and poor countries alike feel the effect of China as global corporations move to China to lower labor costs and use the threat of this mobility...
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...There have been so many events that have happened within our history that it has lead to current events in today’s society. Our federal government played a pivotal role in those drastic changes beginning with the Civil War on April 12, 1861 to the end of the Civil Right era in 1968. Within our history, there have been so many changes to the authority of how the political, social, and economic structures were crucial in developing our federal government in the United States. The first of the four examples that I will talk about in this paper is the Civil War and the freeing of the slaves. The Civil War was one of the most unpleasant disagreements recorded in our history. The Civil War began after Abraham Lincoln was elected to be our sixteenth president of United States. He was against slavery, and formed the Confederate States of America that consisted over fifty major battles and five thousand minor battles. When President Lincoln designed the Emancipation Proclamation, it was to help see slaves be free and have their freedom to work throughout the world. John Hope Franklin stated, “If it was a humanitarian document, it gave hope to millions of Negroes that a better day lay ahead, and it renewed the faith of thousands of crusaders who had fought long to win freedom in America." It was a social change, as the African American’s believed it could encourage full citizenship and inclusion into their country of birth as well. This was an understanding of the social issues of slavery...
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...------------------------------------------------- Top of Form Case: Texas Roadhouse Won’t Scrimp on Making Employees Happy In: Business and Management Case: Texas Roadhouse Won’t Scrimp on Making Employees Happy “If we take care of our employees, they will take care of our customers” is a common phrase. In your experience, is it actually practiced or is it just a cliché on the wall? Discuss the implications of your answer. Solution: The above phrase holds true in today’s competitive world and is actually practiced, where the focus is on the customer. The phrase is very much applicable for the service-oriented companies, where employees play a huge role in the success of the company. It is believed that employee job satisfaction is directly related to customer satisfaction. The management should take decisions and develop measures to increase the motivation of its employees to serve their customers better. An employee can increase the service quality through five important dimensions, namely, discussed as below: Reliability: The ability of the employees to deliver the promised service to the customer, in promised time and error free transactions, would increase the customer base and boost sales. Assurance: The politeness, knowledge and courtesy of the employees towards customers, in dealing with the products sales and after-sales service, builds a huge amount of trust and confidence. Tangibles: The personality and well-dressed attire of employees, attractive and simple...
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...The Criminal Justice System: Offenders, Crimes, and Correction/Detention Cost Nateshia R. Bush Dr. Mary Parker Independent Study April 16, 2013 Introduction The criminal justice system today in America has many different sides, which come together to keep the overall peace of society. The criminal justice system deals with the different offenders, classifications for crime, and types of punishment for such crimes. The system is responsible for maintaining the constitutional rights and overall freedom of citizens, which some take for granted daily. It is a fact that crime exist for different purposes; however, it is more important to know laws are required to make certain societies function in a peaceful manner. When criminals break the law, other individuals are paid to make sure justice is served within the community. Paying these public servants comes at a cost to the community through tax dollars. Police officers, Judges, Lawyers, Court Clerks, Bailiffs, Correctional officers, Wardens, and more have jobs due to the existence of crime and these people work together to provide safety within our communities as well as retribution and treatment for different offenders and their individual needs. Crimes exist on a regular basis within our communities, which employs significant cost on the general public to cover the cost of maintaining inmates in correctional and local detention facilities. Crime has a broad range in occurrence, which ranges from simple traffic...
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...could help older workers compete for scarce jobs" (Emling, 2009, p.1). After working in the same field for years many older Americans are losing their jobs and their hopes of finding a position in the same field are slim. Older Americans are facing the option of learning a new skill set in hopes of obtaining rewarding recession proof employment only to face another obstacle, the competition seems to be younger and more vibrant. Clearly, cosmetic procedures are not going to be affordable for many older Americans. Job loss combined with the devastating effects of the recession leaves countless people with very little money. However, according to McIntyre (2009), "The desperate are often willing to take chances, even those with long odds" (para. 5). For this group of unemployed older Americans the benefits outweigh the negatives. This group of older Americans believes that a refreshed look will make them think better of themselves, and may give them the advantage when looking for employment. Additional proof that older Americans are turning to cosmetic surgery to compete in today's job market? According to Payman Simoni, M.D., "Before the economy turned down, people would come in because they wanted to have more fun and enjoyment out of life," he said. "But now plastic surgery has become a necessity for some. People cannot only rely on their skills in this market. They want to look refreshed and youthful so they can compete for jobs" (Zeidler, 2009, p.1). Older Americans...
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...There is a clear relationship between the departure of factories in cities and the increasing levels of poverty among those who live there. Lacking steady incomes, families became increasingly transient as they struggled to find affordable housing and work. As transience increased, social mobility decreased as economic factors prevented them from moving to areas where they could obtain steady employment or higher wages. A combination of these factors resulted in the decline of the community. In addition to poverty’s direct effects on the community, its indirect effects, including less connected neighborhoods, parents participating less in their children’s education, and acceptance of gang culture by unemployed youth, have taken a toll on urban areas. Here, the precipitating factor that caused the erosion of social capital within urban communities seems to be changes in industrial manufacturing and the economy. In this case, the most relevant form of social capital was the bonding social capital lacking within the community, rather than the historical effects of white organizations harnessing social capital for abhorrent...
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...Some people in today’s society believe that paying $50,000 - $200,000 to have they’re name on a little piece of paper after four years isn’t worth it, and that it is better to just go into the work field after high school to start earning a living right away. Then some argue that that piece of paper is everything because in the long run you will have a good paying job. In my opinion, that piece of paper is everything. In life you can have your house, your car, and your job taken from you but your college degree will be with you wherever you go and it’s the one thing that can’t be taken from you. The benefits of having a college degree outweighs not having a college degree by far. College education is a great tool for our self enhancement. It gives us a sneak peek at the cultures and values of the world. Subjects like history, anthropology, comparative religion, international politics, and humanities can make us a much more accommodating and sympathetic to other cultures, race and religion resulting in a better bond among international communities. By learning about others values make us able to perform at our best latter in our life contributing to sound political, business related or economic decisions; it also gives us the readiness to work internationally or even locally in a diverse work force. Math and science classes in college gives us the more than just a few basic skills to run the accounting of our life. Math and its deeper studies can help us becoming good engineers...
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