A Study Case about New Employee Orientation: The Benefits of Role Information
Abstract: The process through which an employee learns and adapts to a new position in an organization is often referred to as organizational socialization. Failure to provide employees with adequate socialization has been linked to negative behaviors, unmet expectations and higher levels of turnover. One of the most common ways to socialize new employees is through socialization training programs that provide a wealth of information about the job, work environment, and broader organization.
Despite the documented importance of socialization, and the widespread use of socialization training programs, the effectiveness of socialization training has received relatively little research attention. The current study attempts to answer calls to integrate previous research to propose a more effective socialization training program. Using a sample of college-age, part-time workers at a university childcare center, half of the center’s new employees received the center’s standard orientation program consisting of organization and task information. The other half received additional training that provided role information as well as other job-relevant socialization material. keep reading…
After implementing the Allegiance Engage solution, Zions Bank noticed an upswing in employee complaints submitted through the Allegiance system. Monthly Employee Pulse surveys revealed that satisfaction with employee benefits consistently ranked below average. Employee Voice also flagged a relationship between tenure and satisfaction. Armed with the data from Employee Voice and Employee Pulse, as well as other sources, Zions Bank restructured aspects of their employee benefits packages to improve morale and reduce turnover. After launching the new initiatives, Employee satisfaction scores quickly improved.
Zions First National Bank, a subsidiary of Zions Bancorporation, manages more than $15 billion in assets and employs more than 2,300 people at 135 full-service branches and 185 ATMs throughout Utah and Idaho. Zions offers a comprehensive array of investment, mortgage, and insurance services, as well as a network of loan origination offices for small businesses nationwide. Read more…
A Case Study about Canadian Plastics Sector Council
Introduction: The Canadian Plastics Sector Council – Conseil canadien sectoriel des plastiques (CPSC) has identified worker retention/turnover and knowledge transfer as issues critical to the sector’s efforts to meet its anticipated skill needs. The ability of employers to address employment growth as well as replacement of turnover and retirements pose increasing human resource challenges. The CPSC has identified a strong demand, within CPSC and other sector councils, for research which consolidates available ‘best practices’ and solutions for dealing with these issues.
When a business loses employees, it loses skills, experience and “corporate memory”. The magnitude and nature of these losses is a critical management issue, affecting productivity, profitability, and product and service quality. For employees, high turnover can negatively affect employment relationships, morale and workplace safety. The cost of replacing workers can be high, the problems associated with finding and training new employees can be considerable, and the specific workplace-acquired skills and knowledge people walk away with can take years to replace. keep reading…
A Case Study about Entrepreneurial Competence in Micro-Enterprises
Abstract: This study aimed to understand the implications of the entrepreneurial competence in microenterprises. Literature on micro-enterprises and entrepreneurial competence has been reviewed; the research design opted the analysis of entrepreneurial competence in micro-enterprises in a multi-case study way. By the research findings were divided by the construct implication of entrepreneurial competence in the abilities of six constructs in two levels for data analysis. Finally, this article proposed the practical implications of micro-enterprises management and recommendations for future research.
Introduction: Micro-enterprises are important to Taiwan’s economic development to a certain extent. About 70% of all enterprises, the micro-enterprises that employ less than 5 persons also contribute to 10% of the total turnover and the employment of about 600 thousand persons. The issue of micro entrepreneurship should not be taken lightly, because for the entrepreneurs the exercise of entrepreneurship is a matter concerning survival. What many do is injecting all they have accumulated in it such that the success or not of the new business not only concerns employment but may lead them to indebtedness. “Entrepreneurial competence” has been intensively explored by many since it, as a concept, was introduced to the field of strategy management. Research in competency approach tends to increase too. Keep reading…
Case Study about Material Requirements Planning (MRP)
Background: Originally a pattern maker, B&D has become the largestsupplier of fabricated pipe assembliesto Rolls-Royce Aerospace. The assemblies can be found in most of Rolls’ commercial, military, marine and power generation jet engines. Every month the company manufactures around 500 different kits and assemblies. Their turnover is approx £750,000 per month and they employ 120 staff.
Problem : Each assembly involves: purchased tube, bar and some detailed components; manufacture of detailed components;CNCpipe bending and in-houseX-ray testing of pipe assemblies. Clearly, there was a need for an integrated system which could handle complex BOMs, PurchaseOrdering, and Production procedures, to keep track of the entire process.
Overview: Producing tens of millions of cases of ‘big brand’ beverages every year is heavy work that requires a reliable plant – but with visionary entrepreneur John Halewood at the helm – the UK’s largest independent drinks manufacturing and distributing company is growing from strength to strength.
With a turnover in excess of £250 million, over 1500 employees worldwide, and a focus on New Product Development, Halewood International boasts an impressive portfolio of favourite alcoholic drinks including Lambrini, Red Square Vodka, Lamb’s Navy Rum, and Crabbie’s Original Alcoholic Ginger Beer.
Arc Energy Resources Ltd is an engineering company specialising in supplying weld overlay clad products and fabrications to the oil and gas, water and defence industries. Global economic uncertainties prompted the company to approach the Manufacturing Advisory Service (MAS) for help to become more efficient and expand its operations by diversifying into new markets. The Manufacturing Challenge Arc Energy’s turnover had been growing year on year but widespread economic decline prompted the directors to review all areas of the business and look at ways to expand into new markets.
MAS Action: Marksbury first called on MAS to help at an operational level to introduce best practice and to create an efficient manufacturing environment within the restrictive and difficult conditions of its original premises. Support from MAS also proved highly beneficial when, six years into running the business, Marksbury secured a contract with Mulberry. Marksbury was required to meet the demands and high quality standards of an internationally famous brand, at a time when economic pressure and recession could impact on delivering the high turnover expected.
Launched more than a decade ago, this company is a transportation-outsourcing company that provides services to manufacturing and retail companies in India. A proprietorship concern, headed by Mr. A, who leads a team of 35 employees, includes a Team of 10 senior level managers. The Challenge
Mr. A wanted to take the company to the next level. Even though the revenue was good, the sales people were not generating enough new business and hence the business was plateaued.
The challenge was in increasing revenue by hiring new productive employees and retaining them. There was a continuous turnover of sales people which was not only inhibiting sales but also proving to be costly. Too much of the management time was being spent on recurring operational and client issues. Being an MBA from one of the B-Schools, Mr. A was reluctant to look at any external help for training and developing his sales team. He thought he could do it himself. However the need for going to the next level was greater and hence when an LMI Associate called on him for an appointment, he reluctantly agreed to meet after 4 months of consistent follow-up…click here to refer ahead
Financial distress and corporate bankruptcy has been a common occurrence back into the century and of late has witnessed a multiplier effect in the global market; firms are running short of cash flows. To meet up not only with their debt financing, but also with the cost of daily operations. This study examine some financial ratios using financial reports of groups of Swedish bankrupt and active companies for the period 1996 to 2003 with the aim to determine most significant and reliable ratios for predicting bankruptcy.
Cross sectional analysis has been used to compare similar financial ratios for the two groups of companies with the aim to explain the association between the explanatory variables and business failure. Statistical models were also used to test the predictive power of the financial ratios. The empirical results indicate that the ratios of credit sales-total sales and total sales-total assets are not related to financial distress.
Four most significant single bankruptcy indicators ratios includes; net profit-total assets, operating profit-turnover, quick ratio and long term debt-total equity. Read more…