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Why does giving employees trainig in listening often lead to increased productivity and profits?
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What is the primary goal of office management?
To efficiently manage employees in order to maximise profits.
What are main function of hr managenent?
Human Resource Management functions may be briefly described as: 1. Manpower Planning: The HR considers the actual requirement of the staff for the organization. Because the overstaffing is wasteful and expensive, and understaffing leads to loses of the organization economics and profits. 2. Employee selection: Selection of employees for the suitable job. 3. Employees motivating: Motivating employees and encourage them to give their best in work productivity. Providing financial rewards to the staff. 4. Employees’ relation: Keeping a healthy relationship with the employees and their problems are redressed. 5. Payroll module: Payment of salaries and wages to the workers at the proper time.
How the manager to maintain the equilibrium between the needs of the organization and the needs of its employees?
In many ways the needs of an organization are the same as the needs of its employees. The ability to earn a profit as example is a need of the organization and helps fit the needs of employees to be paid properly. Thus profits and pay to employees are tied together. As an additional example, an organization needs to attract and retain employees to work in the organization. To do this, the organization must pay fairly and have good benefits to satisfy employee needs.
Why do internal stakeholders have an interest?
Internal stakeholders have a vested interest in the companies that employ them because they have a share in the company's profits (and losses). They have invested within that company, therefore it is in their best interests to ensure the company performs well. This is why many companies offer shares to all their employees.
What causes conflict between employees and stakeholders?
As you probably know, stakeholders are the owners of the company. The employees work for the company and are compensated as such. Ideally, everyone gets along--employees feel appreciated through their pay and work, and stakeholders reap profits. Conflicts occur when the trust breaks down. Specifically, a shareholder may want to take money out of the company (in a dividend, for example), and the employees may feel a bonus for employees would be a better use of the money. The most common example I can think of is company expenses: stakeholders want a lean-and-mean company, and employees would enjoy more money be spent for their sake--higher benefits, award programs, etc. If these problems continue, both sides lose. A company without decent employees will not make money for the stakeholders, and eventually they will have to lay off employees because there is not enough money to pay them. That equals no money for stakeholders and no jobs/money for employees. A smart company will find a way to align the stakeholders and employees desires. Give employees some ownership in the company, or at least give them bonuses for running a tight ship. One thing to remember is that Shareholders and Stakeholders are not the same thing. They both have different meanings and different purposes
How could a stress management program increase a company's profits?
A stress management program can increase a company's profits by reducing absenteeism, improving employee morale and engagement, boosting productivity, and decreasing healthcare costs associated with stress-related illnesses. Employees who are less stressed are more likely to perform better, leading to increased efficiency and ultimately higher profits for the company.
What principle guided John E. Gherty's relations with employees?
Gherty maintained that offering work and life benefits to employees never comprised profits, claiming that employees enriched by a balanced life delivered the same productivity without sacrificing quality
How can you get your employees to better relate their work place productivity to the department's budget?
Could try performance related half yearly/annual related bonuses based on company profits
Why did ray Kroc's restaurants switch to frozen fries?
The use of frozen fries increased profits- APEX
What is the most direct benefit of greater productivity?
Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.
What has the author K A White written?
K. A. White has written: 'People, productivity and profits'
Define industrial productivity?
The industrial sector includes manufacturing, mining, and utilities and industrial productivity mean success and profits being made in these industries.
What were the positive and negative results of the cotton boom?
Positive would be: increased profits for raw goods. Negative would be: increased costs for making profits as in slave ownership
What is most likely to lead to an increase in the price of a company's stock?
It's profits are increased.
Describe an occasion where your visual flare has increased selling opportunities and profits What were the keys to your success?
Describe an occasion where your visual flare has increased selling opportunities and profits. What were the keys to your success?
Why did businesses pay employees low wages and make employees work long hours?
To make more profits for themselves.
Does executive leadership training have a measurable effect on company profits?
Your leadership affects how motivated your employees are and how well they perform. If this fails your profits will fall and conversely good leadership will increase profits.
