...they found themselves without lines of credit, lack of business, and the daisy-chain collapse of their support networks. Who paid the final price? Companies cut costs through pay cuts, layoffs, and closings. While this may have saved jobs for many, the feeling of loss and vulnerability permeated corporate American in all ranks. The Great Recession was a rude awakening for those living the American Dream at the turn of the century. The 2000’s were the new 80’s, but for all. People lived off credit, borrowed time with Home Equity Lines of Credit and lived through every cent they made. As people felt corporate American tightening its belt, that belt became a noose around America’s neck. In a 2009 “ABC News/Washington Post poll, 61 percent of Americans said the economy is causing stress in their lives; a third said the stress is "serious." And those who said they've been hurt "a great deal" by the recession reported stress levels more than double those who said they were just "somewhat affected" by the recession.” (ABC World News with Diane Sawyer, 2009) People’s stress level directly correlated to the responses of businesses to the Great Recession. This was felt either through direct job loss or by knowing someone affected. People who otherwise felt comfortable and lived within their means were now feeling fearful of the future. Maslow’s hierarchy of needs was flipped around as people tumbled down...
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...economic recession that hit the world in 2007 resulted in global downsizing in many prestige organizations and its effects of workers productivity. This literature reviews focuses on affective organizational commitment among survivors of organizational restructuring and downsizing. It focused on middle level managers and employees in supervisory positions because survivors of this group are often called upon to assume expanded roles, functions and responsibilities in a post restructuring and downsizing environment. This paper also explores the impact of recession for those still in employment by looking at a key indicator of employee wellbeing, work pressure staff reductions and company reorganization both increase work pressure, as does current job insecurity. Other job changes, like large pay cuts, increases in responsibility, autonomy and monitoring also increase work pressure. Keywords: Recession, downsizing, layoffs, economic downturns, organizational behavior, commitment, motivation, loss and grief, leaders, employees, stakeholders. 2 INTRODUCTION The great recession of 2007 started on the month of December. National Bureau of Economic Research (NBER), the prestigious private research institute declared it officially. The government of US acknowledged the NBER's declaration, aware of the downfall since August 2007; the White House did not change its course on coping with the financial crisis. This was the third longest since The Great Depression. The Great recession...
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...current employees in this economic recession. LETTER OF TRANSMITTAL TO: FROM: DATE: October 17, 2012 SUBJECT: Recommendation Report Dear Ms. Mason: This report provides recommendations on employee retention in this economic recession. In an effort to prevent dissatisfaction in the workplace environment, I’ve compiled this report that will provide an in-depth analysis of the situation. Access Mortgage could potentially lose key staff based on the lack of financial compensation. In order to limit turnover and unpleased workers, this report will include the best recommendations on retaining employees. I’ve compiled data with the assistance of internal and external research, case studies, and industry specific analysis. If there are any question or concerns please reach out to me and I’ll be happy to answer any of your questions. Thank you. Farin Clementine TABLE OF CONTENTS LETTER OF TRANSMITTAL………………………………………………………ii EXECUTIVE SUMMARY…………………………………………………………………………..iv PROBLEM……………………………………………………………………………5 BACKGROUND……………………………………………………………………...5 BODY…………………………………………………………………………………6 CONCLUSIONS……………………………………………………………………....8 RECOMMENDATIONS…………………………………………………………..….9 WORKS CITED……………………………………………………………………...10 EXECUTIVE SUMMARY This report serves to recommend best policies and procedures in an effort to retain employees. This will include information ranging from health/wellness to workplace flexibility options. Access Mortgage...
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...How Work-Stress Effects the Employee Todd Smith BUS642: Business Research Methods & Tools Ruizhen Hardin October 15, 2012 Introduction It is almost inevitable to experience stress in the workplace, regardless of what organization or industry an individual works in. Through history, the presence of stress has always been a reality that once must face in the workforce. However, with the current state of economy stress in the workplace is a growing concern due to employees facing increased conditions of overwork, decreased levels of job satisfaction, harsh work environments, job insecurity, and lack of self-sufficiency. In many organizations, employees as well as management are not completely clear about what their roles are in the organization, which ultimately leads to increased levels of stress. There have also been research and studies conducted that indicates that even with high levels of stress in the workplace, it actually exerts better performance in employees. In addition these studies also indicate that stress is actually needed in the workplace to increase levels of performance. Considering the implications of these studies, it is important to explore a hypothesis on how causes of work stress has an effect on motivation and job performance. This hypothesis is crucial in confirming that stress in the workplace has more of a negative impact on employees. Contributes to much health related issues. General Causes of Stress ...
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...crisis and the transition in methods of motivation: The need for an innovate benefits package 9 3.1 Impacts of the economic crisis on employees and employers 9 3.2 The transition in methods of motivation: The need for an innovative benefits package 12 3.3 The traditional benefits package and its motivating effectiveness 14 4 The flexible approach to benefits provision in a gloomy economy 16 4.1 Effectiveness of the flexible benefits schemes in motivation 17 4.2 Factors affecting the motivating effectiveness of the flexible benefits schemes 18 4.3 Current issues influencing the adoption of the flexible benefits schemes 20 5 Conclusion 21 APPENDIX - Changes in the British WorkForce 22 REFERENCES 23 FURTHER READING 27 * EXECUTIVE SUMMARY In recent years, in the UK, both employees and employers have to bear negative impacts from the recession, especially employees with their financial difficulties and diverse needs. It is more important than ever for motivation. However, employee motivation is getting harder and harder in the face of economic crisis. In times of gloomy pay awards, employers are finding ways motivate their workers through benefits. Benefits than can address the financial concerns and the diverse needs of employees would work effectively as motivational factors. The traditional benefits package is likely to be ineffective during recession,...
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...OB in Action Case Study: Companies Are Trying to Improve Employee Attitudes during the Recession Introduction “Creating an effective and productive workplace takes a firm commitment from management even in the best of times” (Ballard, 2012). When the recession hit full force, many companies had to make some difficult decisions. “In a 2009 survey conducted by the American Psychological Association, 68 percent of employed Americans reported that their employers had taken steps such as putting a freeze on hiring or wages, laying off staff, reducing work hours, benefits or pay, requiring unpaid days off or increasing work hours because of the weak economy” (Ballard, 2012). During a period of recession, managers need to understand the relationship between employee well-being and the performance of the company. There are several means managers can use to improve employee performance. Some of these methods include: the utilization of Schwartz’s 10 Values, adapting attitudes and behaviors, increasing employee involvement through incentives, and the utilization of Azjen’s theory of planned behavior to shape the intentions and behaviors of employees. In order to form During a period of recession, managers need to understand the relationship between employee well-being and the performance of the company. There are several means managers can use to improve employee performance. Some of these methods include: the utilization of Schwartz’s 10 Values, adapting attitudes and...
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...industrialized economy that makes up over a quarter of the world economy. The main causes were a large unified market, a supportive political-legal system, vast areas of highly productive farmlands, vast natural resources (especially timber, coal and oil), an entrepreneurial spirit, a commitment to investing in material and human capital, and at times a willingness to exploit labor. In addition, the U.S. was able to utilize these resources due to a unique set of institutions designed to encourage utilization and extraction. The economy has maintained high wages, attracting immigrants by the millions from all over the world. In the 19th century, recessions frequently coincided with financial crises. Because of the great changes in the economy over the centuries, it is difficult to compare past recessions to early recessions. After the Great Depression, ideas about the best tools for stabilizing the economy changed substantially between the 1930s and the 1980s. From the New Deal era that began in 1933,...
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...Running head: SOFT SKILLS IN WORKPLACE VOLUNTEERING AND INTERNSHIPS Soft Skills in Workplace Volunteering and Internships Daniella Solati MGT300 – Principles of Management Colorado State University – Global Campus Melinda Curley February 19, 2016 !1 SOFT SKILLS IN WORKPLACE VOLUNTEERING AND INTERNSHIPS !2 Soft Skills in Workplace Volunteering and Internships Stepping into a leadership role requires more than just knowing the ins and outs of an organization on a day to day basis. Effective leadership can require a great deal of sacrifice, desire and most of all; a multitude of essential skill sets that will guide you throughout your career. Effective leaders often take advantage of the opportunities readily available within their workplace. With that said, effective leadership requires commitment and understanding. Being apart of something bigger than yourself, can give you an intrinsic perspective to your well being. Working together with others on projects can create a sense of unity and provide you with the necessary experience and skill set to successfully lead others on your team. Being involved in your organization or community by volunteering your time; shows that you are well rounded and committed to building on an array of essential job skills. Whether you are volunteering at a local soup kitchen or volunteering to be a co-chair of your organization’s Ethics Awareness Committee; the ability to go beyond the essential job functions will certainly not go unnoticed...
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...Unemployment is a major issue in today’s society. Do you know what causes unemployment? Do you know who it affects? I do, let me tell you. Unemployment effects everyone, whether it be directly or indirectly. Even if you are employed, the unemployment of people in your community can hit home. As a public relations specialist I work with people on a daily basis to try to get them the assistance they need so that they can get better jobs. There are several causes of unemployment such as recessions, disability, attitude towards employers, willingness to work, employee values, and discriminating factors in the place of work such as age, class, ethnicity, and race. All of these factors and more play a role in the unemployment in today’s society. When you see the downward spiral of joblessness if you are a business owner hire someone to help, if you have connections to great companies let someone know so that we can help decrease the unemployment rate. I hope to supply you with the causes and effects unemployment has on individuals and their families. Discriminating factors in the work place causes unemployment are very much present; it may come in many different ways. They may terminate you from your job because of your age, a lot of employers think that because you have gotten older you may not be able to perform your job as good as you did back when you where younger so they hire a younger individual to keep the work environment young and hip. Another discriminating factor...
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...Library of Congress Cataloging-in-Publication Data ISBN 978-0-916152-17-8 This report is published by the Ethics Resource Center (ERC). All content contained in this report is for informational purposes only. The Ethics Resource Center cannot accept responsibility for any errors or omissions or any liability resulting from the use or misuse of any information presented in this report. ©2012 Ethics Resource Center. All rights reserved. Printed in the United States of America. Additional copies of this report and more information about permission and licensing may be obtained by calling 703-647-2185, or by visiting www.ethics.org/nbes. The Ethics Resource Center (ERC) is America’s oldest nonprofit organization devoted to independent research and the advancement of high ethical standards and practices in public and private institutions. Since 1922, ERC has been a resource for public and private institutions committed to a strong ethical culture. ERC’s expertise informs the public dialogue on ethics and ethical behavior. ERC researchers analyze current and emerging issues and produce new ideas and benchmarks that matter — for the public trust. For more information, please contact: Ethics Resource Center 2345 Crystal Drive, Suite 201 Arlington, VA 22202 USA Telephone: 703.647.2185 FAX: 703.647.2180 Website: http://www.ethics.org Email: ethics@ethics.org NBES Sponsors The 2011 National Business Ethics Survey® was conducted with the generous support of: Principal Sponsors ...
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...ACKNOWLEDGMENT http://www.termpaperwarehouse.com/essay-on/Stress-Management-Among-College-Students/52332 Executive summery This gives us a detailed idea of what is stress and also the definition of stress is been defined. For more detailed study the types of the stress is also defined. By looking at the starting of the project you will find: * Introduction and definition of stress * Stress in biological terms * What is stress? * Coping with stress at work place. * Reducing of stress. After the theoretical part I have include the research part. My research work include two questionnaires * Burn out test * Stress analysis questionnaire My research includes the research methodology which contains the information as follows: * Research objectives * Sampling(types and methods of sampling) * Research instrument * Time consideration * Limitation of survey * Advantages and dis advantages of written questionnaire * Finding INDEX Conceptual Framework 1.Introduction 1.1. Introduction to stress 1.2.what is stress? 1.3.Types of stress 1.4.Coping with stress at workplace 1.5. Stress Management 1.6.Workplace stress 1.7. Reduce your stress 2.Research Methodology 2.1Research objective 2.2Sampling 2.3Research instrument 2.4Data analysis and interpretation 2.5.Causes of stress 2.6.youngstres opinion about how to reduce stress 2.7.Research flowchart 2.8.Time consideration 2...
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...INSURANCE ADVISORS EFFECTIVENESS FOR PUBLIC AND PRIVATE INSURER: A DEMOGRAPHIC STUDY Krishan Kumar Pandey*Manisha Pandey** Manish Kerwar***Ashutosh Khare**** Dharmendra Singh***** Abstract : Few years back insurance was an arcane word for all of us. Insurance is no longer an unexciting business and the insurance advisor an apologetic salesman. New entries have actually changed the rules of the game in the insurance industry. One such change that has made a huge positive impact in the minds of Indian consumers is the product innovation by the insurance companies. New products are being launched; new distribution channels opened and thousands of sales advisers and managers are being recruited every month. This rapid change is demanding new regulations, new methods of management, new methods of operation and ofcourse considerable development in knowledge, attitude and skills of the workforce. Such times demand business/ output focused people who think widely, are confident about taking risks and decisions and prioritise their own and others’ actions to achieve the business need. Without these attributes the growth pattern that has begun will not be sustained. So are these attributes being developed in people? People know what they should do but they do not necessarily know how to do it. This study is well ahead to evaluate the effectiveness of Insurance Advisors. *, * * Faculty in Prestige Institute of Management, Gwalior * * * , * * * * , * * * * * Alumni, Prestige Institute...
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...When one thinks of famous and iconic presidents, many come to mind. Washington, Lincoln, Kennedy, Teddy Roosevelt, and Franklin D. Roosevelt. But Why? FDR got America through one of its most trying times and through one of its greatest wars. There were trials and tribulations, but America and Roosevelt stuck through. Though Roosevelt did not achieve his primary goal, ending the Great Depression, his commitment to the American people, his New Deals, and his leadership, in both the depression and war, all prove admirable and give him a well-earned score of 8 out of 10. It was like Roosevelt was sitting in your living room when you heard his regular Fireside Chats. Through his inspirational chats he found a way to connect with Americans on an informal level like no president had ever done...
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...Knoll Workplace Research Five Trends that Are Dramatically Changing Work and the Workplace By Joe Aki Ouye, Ph.D. Co-Founder and Partner New Ways of Working, LLC The Changing Nature of Work My wife, a manager at Hewlett-Packard, usually has a two minute commute—a thirty foot walk from the kitchen up to her office. She goes “to the central office” about once every other week, more to keep in touch socially rather than to formally collaborate. Although she only meets face-to-face with her globally-based team members about once per year, she has an audio conference with them weekly. As HP’s work force grows and becomes more global, she is a highly sought after manager. She has learned how to work with her distributed team, setting clear directions, communicating often and clearly, and, most importantly, creating activities to engender team trust and cohesion. Most workers today do not work like my wife; most still commute to and from traditional, centralized offices and work with teams in close proximity. Nevertheless, more and more of us are—or will be—working in both non-traditional ways and places, ranging from relying on adaptable furniture and hoteling desks at the central office, to satellite offices, offshore offices, and telework from home. According to a recent benchmarking study by our research consortium, The New Ways of Working, many organizations are formalizing “Alternative Workplace” programs that combine nontraditional work practices, settings...
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...Knoll Workplace Research Five Trends that Are Dramatically Changing Work and the Workplace By Joe Aki Ouye, Ph.D. Co-Founder and Partner New Ways of Working, LLC The Changing Nature of Work My wife, a manager at Hewlett-Packard, usually has a two minute commute—a thirty foot walk from the kitchen up to her office. She goes “to the central office” about once every other week, more to keep in touch socially rather than to formally collaborate. Although she only meets face-to-face with her globally-based team members about once per year, she has an audio conference with them weekly. As HP’s work force grows and becomes more global, she is a highly sought after manager. She has learned how to work with her distributed team, setting clear directions, communicating often and clearly, and, most importantly, creating activities to engender team trust and cohesion. Most workers today do not work like my wife; most still commute to and from traditional, centralized offices and work with teams in close proximity. Nevertheless, more and more of us are—or will be—working in both non-traditional ways and places, ranging from relying on adaptable furniture and hoteling desks at the central office, to satellite offices, offshore offices, and telework from home. According to a recent benchmarking study by our research consortium, The New Ways of Working, many organizations are formalizing “Alternative Workplace” programs that combine nontraditional work practices, settings and locations.1...
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