Employee Motivation Essay Example | Topics and Well Written Essays - 1500 words

Employee Motivation - Essay Example However, in the event of a major organisational or operational change in an organisation, the administration or management should inform the staffs in advance which gives makes the employees feel more indulged and appreciated part of the organisation. Different organisations have different ways of motivating their labour force. Most frequently, rewards are given depending on the factors of operation and results. Many employees think of motivation as monetary reward. According to Jan-christoph & Koen (2005), monetary motivation does not provide the required concentration among the human resources. Taking all matters into consideration, employee motivation should be a strategy used by companies to increase the levels of production and operations. Any form of a major change in an organisation should be a cause to worry. This is because the reaction of the employees is unpredictable (Schermerhorn, James & Richard, 2004). A good number of employees do not feel comfortable when embracing change especially when it is an operational change. They perceive it to be a new internship procedure in a familiar environment. However, change in an organisation is an important factor to consider. The change is not the crucial factor of concern, but how employee will embrace the change in the organisation. In modern day business environment change is important as much as human resource is. As much implementing change is vital in an organisation the tools of operation in these case employees need to be considered (Bruno & Margit, 2002). With a proper approach it is easy to effect change in organisations. Effective discussions with the head of HR can lead to the best solution when employees are concerned. Additionally, training should be provide d to familiarise the staffs on the new operation methods. If the employees will be required to do more complicate duties and their operation level increase, the organisation must consider a proper and efficient reward system. In words of Sharlyn (2005) with an efficient training and reward system implementing change in companies should not be a difficult step as far as human resource is concerned. It is an obvious assumption that productivity levels go hand in hand with employee motivation levels. The organisation’s productivity level can be maximised if motivation levels among employees are also maximised (Aidan, 2008). Future operations structure should consider employees need. These needs include social needs, financial needs, psychological needs, safety needs, esteem needs and self actualisation. The satisfaction of these needs will lead to definite employee motivation. If the organisation is dedicated to fulfil these needs the employees will feel obligated to dedicate to flourish the productivity of the organisation. Self actualisation means the ability of an employee to reach his full potential by working and increase his abilities (Cable & Parsons, 2001). The operation structure should be in way it puts the employee full potential in activities. Additionally, the operations should not undermine the capabilities of the employee. An employee working in full potential is likely to be dedicated to his work more than employee who does not exploit his full potential. Safety need require assurance of good health and treatment in case of accident during operations (Geoff & Jan, 2000). Fulfilment

U.S. Foreign Policys Effects on Modern Turkey Essay -- Politics Polit

U.S. Foreign Policy's Effects on Modern Turkey Turkey has managed to be halfway in and halfway out across most of the burning subjects of the past century. Tod Lindberg, The Washington Times (Lindberg) This statement best describes the relationship today between the United States and modern Turkey. It is a nation that plays a crucial role in U.S. foreign policy because of its strategic location and its democratic government. However, Turkey often is overlooked in the larger picture of U.S. foreign policy. Because of this, Turkey has managed to only be partially involved in major international affairs. To put it bluntly, America uses Turkey when it needs it, but other than that, Turkey is not a major priority of U.S. foreign policy. The problem with this situation is that Turkey often suffers. It can be noted that U.S. foreign policy has aided modern Turkey in several ways. However, for the most part, U.S. foreign policy has slowed the growth and development of modern Turkey. The Gulf War of 1991 left Turkey crippled, but it gained a strong relationship with the United States. Turkey played a crucial role in the first Gulf War and in post-Gulf War activities. During the 1991 Gulf War, Turkey allowed U.S. troops to operate on its soil and allowed its border to be used to wage a northern attack on Iraq (Ciarrocca). After the war was over, U.S. fighter jets used the Turkish air base, Incirlik, to patrol the UN-mandated northern "no fly" zone in Iraq (Hedges). Without Turkey's cooperation in these international affairs the campaigns would not have been as successful as they were. However, Turkey did suffer because of its cooperation with U.S. foreign policy. Because of Turkey's role in the first Gulf war, it ... ...nd Turkey. 14 December 2003.? Greimel, Hans. (2003). ?World wary of more attacks, determined not to give in.? Associated Press (21 November). Found in Lexis-Nexis, keyword: ?U.S. Foreign Policy? and Turkey. 15 December 2003. Hedges, Stephen. (2003). ?Turkey thrust into vital gulf role; Nation leery of regionwide backlash?. Chicago Tribune (21 January). Found at Global Security 16 December 2003. http://www.globalsecurity.org/org/news/2003/030121-turk01.htm. Lindberg, Tod. (2003). ?The odd man out; Turkey forgotten in U.S. foreign policy.? The Washington Times (17 June). Found in Lexis-Nexis, keyword: ?U.S. Foreign Policy? and Turkey. 15 December 2003. Parris, Mark. (2003). ?Turkey?s Future Direction and U.S.-Turkey Relations.? Federal News Service (1 October).? Found in Lexis-Nexis, keyword: ?U.S. Foreign Policy? and Turkey. 15 December 2003.

Government business relations paper Essay

Government regulation has always been an important part of business as â€Å"regulations are essential for the proper functioning of society and the economy† (Ingram , n.d). A business is designed to generate revenue for its employees, employers and shareholders (Chindamo, Pg. 4-9, 2011). In a bid to keep increasing revenue, businesses throughout history have conducted trade using dubious, unsafe, and exploitive methods. In a bid to stem companies conducting business in an unsafe and unethical manner, the government has employed several methods to regulate this issue (Ingram, n.d). Business regulation has been highly debated in the past as there both advantages and disadvantages, but the benefits of business regulation greatly out way its costs. (Ingram, n.d) The government uses diverse methods of regulation, which include advertising, environmental protection and privacy. (Holt, n.d) The government regulates businesses in the advertising of products and services. (Holt, n.d) Laws exist by fair trading to protect consumers and keep businesses truthful about products and services. (Holt, n.d) A good example of when a business advertised falsely was in 1990 when a government investigation of GNB Australia Ltd, Pacific Dunlop secondary had falsely mislead the public through advertising that their batteries were made in Australia, when actually their batteries came from Asia and New Zealand (Holt, n.d). Government intervention made GNB confess that they had been using inappropriate signs, brands and flyers (Holt, n.d). Pacific Dunlop gave actions in February 1991 that involved an obligation to improve its compliance advertising program during five years (mainly on marketing and advertising); remedial marketing; different marketing of batteries. (Tamblyn, pg.157, 1993) Businesses can often leave carbon footprints when operating. The Environmental Protection Agency (EPA) regulates this aspect of business trading. (Holt M, n.d) They regulate laws about environmental protection through education and have done so when enforcing it through penalties to landlords in the state of Philadelphia America amounting to $14,850 and $5500 for not telling residents of lead-based paint within their properties. (Collins, 2008) These fines, proposed by the EPA on July 28, 1998, are part of the implementation of federal lead-based paint disclosure laws. (Collins, 2008) In Business practice, privacy is an ethical and potentially unlawful issue, private information is taken from workers and consumers when leasing and whilst business transactions are being conducted, privacy laws are another way governments regulate business to stop businesses from releasing this information at will. (Grossman, 2013) Information taken could be a social security number, address, name, information about health, debit card and bank numbers and private history (Holt, n.d). Many laws exist to stop businesses from releasing his information, and people can indict companies for misuse of their private information (Holt, n.d). Those laws in place are another way why governments should regulate business. (Holt, n.d) Without government regulation of the key areas of business such as advertising and marketing, companies could take unfair advantage of consumers. The environmental pollution issues which are an ethical issue would have had no stand point if not for government regulation. Privacy would also be violated which is unfair to the consumer and also an ethical issue, which must be addressed in all forms of business. Hence, government regulation of business is needed to keep trade fair and balanced for the good of the economy. References Chindamo P, (2011), ‘national CEO survey: Business Regulation’, Australian Industry Groupm, Pg. 4-9, http://www.aigroup.com.au/portal/binary/com.epicentric.contentmanagement.servlet.ContentDeliveryServlet/LIVE_CONTENT/Publications/Reports/2011/10259_ceo_survey_web.pdf Collins M. 26/03/08 â€Å"United States Environmental Protection Agency Proposes Large Fines For Residential Property Owners Who Violate Lead-Paint Disclosure Regulation† Viewed 18th February 2013 http://corporate.findlaw.com/business-operations/united-states-environmental-protection-agency-proposes-large.html) Grossman RJ. 2013. â€Å"No Federal Regulatory Relief in Sight.† HR Magazine Vol 58 (issue. 2), pg 24-2 Holt M, n.d, Five Areas of Government Regulation of Business, Viewed 18th February 2013, http://smallbusiness.chron.com/five-areas-government-regulation-business-701.html Ingram D, n.d, Government Regulation Factors in Business, Viewed 18th February 2013, http://smallbusiness.chron.com/government-regulation-factors-business-2966.html James G, 25/10/13. â€Å"Government regulation is good for business†, Viewed 29th February 2013, http://www.cbsnews.com/8301-505183_162-28552608-10391735/government-regulation-is-good-for-business/ Tamblyn J et al CH 11, Pg. 157, ‘Progress Towards a More Responsive Trade Practices Strategy’, Date published: 1993 (Australian Institute of Criminology), Viewed 29th February 2013, http://www.anu.edu.au/fellows/jbraithwaite/_documents/Manuscripts/businessreg.pdf)

Home Depot Financial Analysis - 1848 Words

HOME DEPOT INC. (Note: all $ amounts are stated in millions) PART 1 a) There are 3 years covered in the following primary comparative financial statements, namely fiscal years ended 1 February 2004, 2 February 2003 and 3 February 2002: †¢ Consolidated Statement of Earnings †¢ Statement of Stockholders Equity and Comprehensive Income †¢ Consolidated Statements of Cash Flows There are 2 years covered in the Consolidated Balance Sheet, namely fiscal years ended 1 February 2004 and 2 February 2003. All of the primary comparative financial statements were audited, namely the Consolidated Balance Sheet, the Consolidated Statement of Earnings, the Statement of Stockholders Equity and Comprehensive Income and the Consolidated†¦show more content†¦f) Interest rates Management’s assessment of risk associated with interest rates is high. Exposure to market risks results primarily from fluctuations in interest rates. Their objective is to enter into derivative instruments to primarily decrease volatility of net earnings and cash flow associated with fluctuations in interest rates. They have financial instruments that are sensitive to changes in interest rate, as well as several outstanding interest rate swap agreements. Changing prices Management’s assessment of risk associated with changing prices is low. There is no material effect on Net Sales or results of operations. Therefore, there is no material risk. Self insurance Management’s assessment of risk associated with self insurance is medium. Home Depot is self insured for certain losses related to general liability, product liability, workers’ compensation and medical claims. They believe the estimates are reasonable, however, if actual trends differ from estimates, the results of operations could be impacted. Information found in Management’s Discussion and Analysis of Results of Operations and Financial Condition. PART 2 a) Refer to workings 1 to 4 in the Annexure. 1 Feb 2004 2 Feb 2003 1. Current Ratio 1.4:1 1.5:1 2. Quick Ratio 0.4:1 0.4:1 3.Amount of working capital $3,774 $3,882 4. % change in working capital -2.8% 0.6% 5. % change in cash and cash equivalentsShow MoreRelatedHome Depot Financial Analysis1759 Words   |  8 PagesOffice Depot, Inc. (â€Å"Office Depot†), a supplier of a broad assortment of office products and business services throughout the United States and worldwide, announced on February 20, 2013 a merger agreement with OfficeMax, Inc., which will better equip them to compete in the rapidly-changing industry. In fiscal year 2012 alone, Office Depot generated $10.7 billion of revenues from its products and services, yet industry reviews of this company seem unfavorable. In this FSA Case Analysis, our teamRead MoreHome Depot Financial Analysis1835 Words   |  8 PagesHOME DEPOT INC. 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