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How are cost control and cost reduction schemes implemented in an organisation?
Wiki User
∙ 11y ago
Lebari samuel.
cost control is implemented by calling departmental heads on their spending
and also be mindfull of the way you allocate fund.
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∙ 11y ago
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How employees participation helps to improve productivity of the organization at all level?
The concept of employees participation originated in Japan during the years in which TQM was introduced. The essence of ensuring employees' participation lies in the belief that apart from performing physical work, employees at all levels can contribute to the organization by sharing their experience and ideas. This is sharp contrast to the Western Concept of top down management in which the employees at the lower levels are expected to only follow orders issued from the top. An effective TQM effort will require the participation of every person in an organization. Though the worth of an individual has been grossly under estimated, organizations which have implemented TQM have benefited by creating an environment in which individuals have contributed to the organizations success. There are several methods to harness the potential of every person. Quality circles, employee suggestion schemes, employee education and training, and recognition are essential elements in ensuring employee participation. Continuous communication between employees and management through regular meetings, in-house journals, bulletin boards and news letters is essential for ensuring participation of all employees. No TQM effort can be effective without employees' contribution to improving products and processes. Employee participation also ensures high morale, productivity and increased customer and employee satisfaction. In organizations implementing TQM, employee involvement is ensured through TPM, 5S activities, quality circles and suggestion schemes.
How does a company like Siemens benefit from the use of motivation theories to?
Understanding of motivation theories can play a very important role in influencing the management style and strategies of a large corporation like Siemens. These theories help companies to develop and implement effective policies and strategies for attracting right types of people needed by them to man the organization, to retain them in the organization, and to motivate them to put in their best efforts towards achievement of the organizational objectives. It determines the kind of compensation schemes the company has. It also helps companies to design its jobs that provide maximum job satisfaction to the employees. Further the scheme is used to introduce specific programs like MBO (management by objectives) quality circle to encourage employee participation for improving management and operation of the company.
What is Importance of operations research in decision making?
Operations research is a scientific discipline that managers use to make informed decisions for their operations. It draws heavily from math, statistics and science. Operations managers use this extensively to schedule and assemble their production functions. Operations research is primarily used in the manufacturing, oil, energy and telecommunication industries.HistorySignificanceOperations research was first developed in the 1940s, during and after World War II. FeaturesCompanies use operations research to devise ways and means to maximize their profits and restrict their losses and risks. The company is able to zero down on the most optimum levels of production. Also, they devise means to produce at lower costs or produce more quantities at the same costs. BenefitsThe operations manager is able to evaluate the various available routes for production and fix the most feasible and practical one. He tries to derive the maximum output with the minimum possible input. LimitationOperations research is very beneficial to the managers in deciding what to produce, the quantities, the methods of production, which employees to engage in the production processes and the marketing schemes of the produced goods.The main limitation of operations research is that it often ignores the human element in the production process. This science is technology driven and does not take into account the emotional factors and absenteeism of the employees.
What is human resource plan?
Human Resource planning can be defined as a process by which an organization ensures that it has the right number and kinds of people, at the right place, at the right time, capable of effectively and efficiently completing those tasks that will help the organization achieve its overall objectives or in other words HRP can be defined as planning for the future personnel needs of an organization, taking into account both internal activities and factors in the external environment. Need and Importance of HRP Human resource Planning translates the organization objectives and plans into the number of workers needed to meet these objectives. The need and importance of HRP is as follows: HRP helps in determining the future manpower requirements and avoids problems like over staffing or under-staffing in the organization. HRP helps in tackling with the factors like competition, technology, government policies etc. that generates changes in the job content, skill requirements and number and types of personnel required. Now a days there is a demand of exceptional intellectual skills while the existing staff becomes redundant, the HR manager has to attract and retain qualified and skilled personnel and also required to deal with issues like career development, succession planning for which he takes the help of HRP. A proper and realistic human resource plan is needed to ensure equal employment and promotional appointments to the candidates fro weaker sections, physically handicapped and socially and politically oppressed citizens. HRP provides valuable and timely information for various designing and execution of personnel functions like recruitment, selection, transfers, promotions, layoffs, training and development and performance appraisal. It helps the organization to anticipate imbalance in human resources, which in turn will facilitate reduction in personal costs. HRP facilitates planning for future needs which will help in better planning of assignments to develop managers and to ensure the organization has a steady supply of experienced and skilled employees. Factors affecting Human Resource Planning HRP is a dynamic and on going process. The process of updating is not very simple, since HRP is influenced by many factors, which are as follows: The type of organization determines the production process and number and type of staff needed. The human resource needs of an organization depend on the strategic plan adopted by it. For e.g. the growth of a business calls for hiring of additional labor, while mergers will need a plan for layoffs. Organization operates under different political, social environment and has to carefully formulate the HR policies and so the HR manager has to evolve suitable mechanism to deal with uncertainties through career developments, succession planning, retirement schemes etc. HRP also depends on the time periods and accordingly the short and long-term plans are adopted. And this time span is based on the degree of environmental uncertainties. The type and quality of information used in making forecasting is an important factor influencing HRP. Accurate and timely human resource information system helps in getting better quality personnel. HRP is required to ensure that suitable candidates should be appointed at the right kind of job. So these are some of the factors that affect the human resource planning. Limitations of Human Resource Planning It is very difficult to ascertain future manpower requirements of an organization, as future is always uncertain. It is more relevant to the countries that face the problem of scarcity of human resources. It is a time consuming and costlier process. It is beneficial in the organizations that adopt a professional approach and at the same time are conscious about the changing environment. HRP is beneficial where adequate skilled manpower is available. HRP is also made difficult in the organizations that have a very high labor turnover.
How are compensation strategy and HR strategy central to successful business strategy?
Compensation Strategy refers to the elementary directions that an organization selects compensation policy spotlights on the payment preferences help the business expand and uphold spirited benefit. Human Resource Strategy is designed to enlarge the skills, outlooks and performances in the midst of staff that will lend a hand the organization convene its goals. This consists of standards for administration the employees in the course of HR policy and put into practices. It swathes the multiplicity of areas of human resources functions such as enrollment, payment recital management, incentive and gratitude, employee relations and training. Business Strategy defines the bearing in which organization is obtainable on the subject of its atmosphere with the purpose of accomplish its objectives. Make paralleling compensation strategy with Business Strategy, Compensation systems be supposed to bring into line with the organization's business strategy. When business strategies alteration, Compensation systems be supposed to furthermore transform. Strategic Compensation Choices are: Objectives, Internal alignment, External competitiveness, Employee contributions, Management. Aligning 9 HR Strategy Compensation Strategy are: · Attract workforce · Retain successful recitalists · Support revolutionize management practice · Establish affirmative business standing · Administer compensation management to take full advantage of positive blow · Enhance purchasing supremacy of employees · Make recompense enclose straightforward · Develop human resources · Total recompense approaches that facilitate to construct the organization a enormous consign to work · Competitive disburse construction that helps to keep hold of high superiority employee · Variable compensate schemes that donates to the inspiration of the people · Performance management practice that promotes permanent enhancement · Performance running processes that make out learning needs and how they can be contented · Career relatives structure that characterizes knowledge and skills prerequisite · Total remuneration approaches that give emphasis to the consequence of pleasing to the eye the occupation environment 10 Business Strategy Compensation Strategy are: · Achieving aggressive improvement through modernization · Achieving competitive advantage through excellence · Achieving competitive benefit in the course of stumpy costs · Provide monetary encouragement/compensation and gratitude for modernism · Link recompense to eminence recital · Review all compensation practices to guarantee they supply worth for wealth
How Many poor farmers are in India?
These schemes have been implemented to alleviate the poverty of farmers.
Where can a technician change the power schemes on a laptop running Windows XP?
Start > Control Panel > Power Options
What is clinical pathology accreditation?
The CPA is a accreditation service which assess medical laboratories and external control schemes within the UK
What is meeting or business meeting?
in our organisation as we are working as branch managers to do the business along with a small team. having so many different schemes. whenever we presenting our achievements to our reporting officers we are facing lot of problems?
What impact is obesity having on New Zealand society?
It is causing all the cats in the country to hasten their schemes to take control of the world.
How did republicans gain control the southern state governments during reconstruction?
The Republicans gain control of Southern state governments during reconstruction by federal forces. This happen from the railroad schemes in the South.
How did republicans gain control of southern state governments during the reconstruction?
The Republicans gain control of Southern state governments during reconstruction by federal forces. This happen from the railroad schemes in the South.
When was Schemes of a Beauty created?
Schemes of a Beauty was created in 2010.
What is promotional schemes?
Schemes to make the inventors more money
What has the author Peter V Cooney written?
Peter V. Cooney has written: 'A study of quality control mechanisms in dental insurance schemes in Ontario'
Does modulation schemes depends on frequency?
Modulation schemes depends on frequency.
What is the aim of labor incentives schemes?
What is the aim of labour incentives schemes?
