How Treating Employees Well Impacts Profits and Sales Research Paper

How Treating Employees Well Impacts Profits and Sales - Research Paper Example In light of this, this paper will investigate the rationale behind treating employees well to benefit an organization. Although there are several other factors to consider for an organization to maximize profits, people responsible for the management of organizational matters hold the highest value in moving towards the fulfillment of organizational goals. The rationale for Treating Employees Well There are several reasons stating why better treatment of employees results in improving job performances, as well as in maximizing profits and sales. In fact, a study conducted by Leblebici (2012) on the impact of workplace quality on employee productivity documented that an organization that treats employees well tends to have a creative workforce that not only contributes to the formation of strong organizational culture but also produces top results. For example, if managers of a company develop and implement an attractive compensation plan for employees, the result will be very positiv e for the company as employees will tend to work hard to achieve rewards and benefits included in the compensation plan. This will result in improved employee productivity, as well as increased sales and profits for the company. While talking about the reasons that make positive employee treatment productive for the achievement of organizational goals and objectives, let us talk about employee satisfaction which is one of the main factors having links with positive employee treatment and improved organizational performance. It is a fact that every employee wants to in an organization that understands the needs of employees and take effective measures to meet those needs. The level of employee productivity is usually high in organizations which respect the needs of employees and provide them with safe and flexible workplace environment. Employees highly contribute to the development of the organization as long as they feel satisfaction with the workplace environment provided to them by their managers (Leblebici, 2012). For example, in organizations where employee safety and benefits are considered critical for the development of organization, the level of employee performance goes high because employees become able to concentrate more towards work instead of worrying about their professional life and safety. Treating employees well not only increases organizational performance in terms of increased sales and profits but also draws more employees into an organization. For example, an organization that treats its employees well stands a chance of creating an organizational culture that creates a good picture of the organization. When this happens, employees and other stakeholders spread the word, and this encourages other potential employees to apply for positions available within the organization. It is a fact that employees do not like to work for an organization that has poor of its culture because of improper employee treatment, such as, lack of compensation plans and job insecurity (Leblebici, 2012). Employees do not apply for jobs within such organizations and try their luck with the organizations that are known for their employee friendly culture.  

Terminal Design Concept Essay Example | Topics and Well Written Essays - 250 words

Terminal Design Concept - Essay Example d namely; pier satellite design, pier finger design, remote satellite design, transporter design, semicircular (curvilinear) design and linear design. Having analyzed the concepts mentioned above, the most appropriate and efficient design was a hybrid of linear and pier satellite design configurations. By description, the linear design concept involves a configuration with one building hosting both the ticketing and waiting area especially for small aircraft airports. The pier satellite terminal includes the same design as linear only that it involves more concourses connected to this main building thus creating several satellite structures. Considerations of best practices in modern airports influenced the hybrid selection decision. The need for short walking distances, for example, for passengers was assured by incorporating linear design to counter the excessive walking distances created by the rotunda-like pier satellite concept. A linear design concept guarantees a precise orientation where aircrafts park nose-in with respect to the terminal building. However, the orientation occasioned by the rotunda-like layout in the pier satellite design configuration is not a straight forward one. Simple construction of the main linear terminal building and the piers influenced the selection of the hybrid design configuration. The layout is simple and enables passengers to park their vehicles even right in front of the terminals before they enter through for boarding the aircraft. Adequate curb length is made possible by the pier satellite system since it is dependent on dwell time called so to mean the time has taken to remove passengers and their baggage. Thanks to the piers for decentralizing the clearing area and the no hub volume type of airport under consideration. In this case, there was enough area for terminal curb for through vehicles, baggage, and the passengers’ pickup. Small baggage system costs using decentralized system helps achieve pier satellite

Topic on Discrimination - 'Critically analyse pay related gender Essay

Topic on Discrimination - 'Critically analyse pay related gender inequalities between men and women in the workplace under the E - Essay Example Management of gender diversity has a great importance in modern workplaces. Since the Industrial Revolution, women have suffered a lot due to gender bias and have not been able to receive their rightful share. Their suffering has come both in terms of discriminatory behaviour and through unjust pay scales. It was only a matter of time for this issue of inequality to be given attention at higher levels i.e. the Government.1 Forces were set in motion in the early 2000s when pay audits were rendered obligatory for the public sector employers while they remained voluntary for the private sector employers.2 The involvement of public sector has been somewhat fortuitous as there have been many developments in equal pay litigations. The UK Parliament passed a law called Equal Pay Act 1970 according to which men and women were not to be treated in a less favourable manner in terms of pay and work conditions. This Act was merged in the Equality Act 2010. Despite the enactment of a law and othe r obligations, there continue to be some significant gender pay gaps. In 2010, the Office for National Statistics recorded that the difference between the median hourly pay of full-time males and females was 10.2 percent while the gap for all employees was 19.8 per cent. An even wider gap was observed in the private sector where it was 19.8 percent for the median hourly pay of full-time males and females and 27.5 percent for all employees3. It is unfair to hold the employers responsible for this gap entirely. There are also certain other factors that contribute to the generation of this gap. There are particular social structures in which there is an automatic occupational segregation, the work of women is undervalued and the family responsibilities are divided unequally. Yet, these factors are only a partial explanation of this gap. There continues to be a significant amount of discriminatory behaviour by the employers which is why the law is continuing to evolve through case law. While focussing on equal pay, it is to be kept in mind that ‘equal pay’ does not address any grievances that arise among the members of similar sex. It addresses all the terms and conditions of the contract of employment. It is not just that men and women, who hold similar positions in a workplace, must be paid equally; it further delves deeper to ensure that men and women are paid equally for the similar amount of work. Equality Act 2010 was brought in force in 2010 and it replaced Sex Discrimination Act 1975, Race Relations Act 1976, Disability Discrimination Act 1995, Employment Equality (Religion or Belief) Regulations 2003, Employment Equality (Sexual Orientation) Regulations 2003 and the Employment Equality (Age) Regulations 20064. This law has been achieved by following a series of steps. There have been a number of cases of direct discrimination that lead to the formulation of principles regarding discrimination. In order to determine whether a woman’s te rms of employment are not less favourable than a man’s, the courts consider three requirements: i. Like Work This concept has a very wide view. It is defined as ‘work of the same or a broadly similar nature’. This concept is there so that the courts and Employment Tribunals take good care to determine that the work done by men and women has an overall similarity for which they are being paid equally.

Generally Accepted Accounting Principles Essay Example | Topics and Well Written Essays - 500 words

Generally Accepted Accounting Principles - Essay Example The preparation of financial statements and accounts in accordance with the GAAP helps the capital markets to operate efficiently (Everingham,  Kleynhans and  Posthumus, 2007). Fidelity Investments Company is a well known mutual fund that offers portfolio of investments to their clients. The portfolio solutions are provided by the Fidelity Investments Company by selecting stocks of companies listed in the New York Stock Exchange as well as in other stock exchanges in the worldwide markets. For this, the company invests billions of dollars in various stocks listed in the well known stock exchanges. The investments in these companies by Fidelity Investment Company are done after analysis of the risk and return on investments by their analysts. Thus the Fidelity Investment Analysts undertake analysis of the financial statements of the companies listed in various stock exchanges including New York for formation of the investment portfolio. As the accounting standards in different countries are different and are influenced by a several factors like the capital market environment, financial reporting requirements, form of business ownerships, corporate culture, etc; it is important for the Fidelity Investment Analysts that the accounting and financial information presented in the consolidated statements of the chosen companies adhere to the accounting standards as mentioned in GAAP. The preparation of financial statements of companies according to GAAP and audited by independent and certified public accountants guarantees true and fair financial information of the companies that are comparable across all jurisdictions. This is important for the Fidelity Investment Analysts as they would able to compare the projected financials of the company in the international context and calculate the risk and return of the portfolio of investments in an accurate manner (Gibson, 2010). This would enhance the abilities of Fidelity Investment Company in maximizing the

Abu Dhabi Polymers Company Limited Essay Example | Topics and Well Written Essays - 750 words

Abu Dhabi Polymers Company Limited - Essay Example Borouge currently has headquarters located in both the United Arab Emirates and Singapore. Worldwide, Borouge has a workforce of 1,600 people, who represent over 40 nationalities and serve customers in more than 50 countries throughout the Middle East, the Asia-Pacific region, the Indian sub-continent, and Africa (Company Facts, 2010, p. 5). The company’s vision is simply shaping the future with plastics, while its mission statement is value creation through innovation (Company Facts, 2010, p. 2). Borouge has divided business responsibilities into three departments: Executive Team – Borouge’s Marketing Company, Executive Team – Borouge’s Production Company, and Support Functions. The Chief Executive Officer for Borouge’s Marketing Company is Wim Roels, who is based in Singapore and was only recently handed the role in July of 2011. On the other hand, the Chief Executive Officer for Borouge’s Production Company is Abdulaziz Alhajri, a U AE national who was appointed in the role back in 2007 (Executive Biography, 2008). Borouge has developed four key strategies to help drive the company forward: respect, exceed, create, and focus. Respect is all about caring for the environment and all the people that live in it. The value of exceed promises to go the extra mile and leading by example. The third value, create, demands continuous improvement through encouraging openness and allowing new ideas to flourish. Lastly, focus helps build partnerships with customers by anticipating their requirements and operating the business with strong ethical principles. Social Responsibility As of today, over a billion people can’t drink clean water, and more than twice that number do not have suitable sanitation facilities. Because of this fact, the United Nations set a Millennium Development Goal to cut in half the number of people who do not have access to clean drinking water before the year 2015 (Company Facts, 2010, p. 4). The strategy of this plan was to better manage and preserve the water resources that are already available. In response to this, Borouge created the Water for the Worldâ„ ¢ initiative in 2007. This global programme aims to use local expertise in conjunction with Borouge professionals to help provide suitable solutions for accessing safe water and sanitation facilities. Borouge plans to make a difference through implementing its new technological skills with the home country’s leadership. Products Borouge has developed a wide variety of distinctive products that include water, gas, and industrial pipe systems, medical devices, and automotive components (Bourouge, 2011). In order to give itself a competitive advantage over its rivals, Borouge utilizes Borstar technology to produce high-value plastic products at its modern petrochemical complex, which is situated in Ruwais, Abu Dhabi. This Borstar technology is the key to Borouge’s success because it enables the constr uction of high-performance products that are crucial in today’s modern living (Borouge, 2011). The four key products that are marketed to consumers are energy and communication cables, pipe systems, automotive components, and advanced packaging (Company Facts, 2010, p. 3). For the first line of products, Borouge supplies insulation, semi-conductive, and jacketing to the wire and cable industries. In terms of communication cables, Borouge has the solutions for low, medium, and high voltage energy transmission and distribution cables, data and communication cables, and building and automotive wires (Borealis AG, 2011). The next set of products that Borouge supplies are pipe systems. These systems are used in water and gas

Contract Law - the Rules of Offer and Acceptance Case Study

Contract Law - the Rules of Offer and Acceptance - Case Study Example According to Chen-Wishart, a contract is a â€Å"promise (or agreement) which is enforced (recognized by the law†. Bhana, Bonthuys, and Nortje state that â€Å"Contracts are agreements between parties who have the intention to create legal rights and duties between them and which are legally binding upon the parties.†   Therefore, in order for a contract to exist it is necessary for the involved parties to have the intention to enter into contractual relations with the other party and express that intention in a legal manner.   A contract consists of the following elements: An Offer; an Acceptance in strict compliance with the terms of the offer; Legal Purpose/Objective; Mutuality of Obligation – also known as the â€Å"meeting of the minds†; Consideration and Competent Parties. Considering the case under analysis, the author shall focus on the first two elements: offer and acceptance. - â€Å"The first requisite of any contract is an agreement.†   An agreement is formed of offer and acceptance. Therefore, in order for the parties to reach an agreement, there must be an offer and acceptance. - â€Å"An offer is an undertaking by the offeror made with the intention that it will bind the offeror as soon as it is accepted by the offeree (the person to whom it is addressed†Ã‚   The binding force of an offer in case of its acceptance is confirmed by the definitions given by other authors, such as Bhana, Bonthuys and Nortje (2009, 25), who specify that a valid offer is â€Å"an invitation by one party to create obligations with another party, which obligations will become legally binding upon the acceptance by the other party†. An offer can be made whether orally, in writing or by conduct. An offer contains the following: - â€Å"a proposal of the terms of the exchange; - an intimation of willingness to be bound as soon as the offeree manifests acceptance. An offer puts the offeror on risk: it confers a power on the offeree to bind the offeror at the precise moment of acceptance; thereafter, the offeror loses his ability to withdraw from or further negotiate the arrangement.†

George Walker Bush Leadership Style Essay Example for Free

George Walker Bush Leadership Style Essay Barbara and George H. W. Bush are the parents of the 43rd president of the United Sates, George W. Bush. The two were married on January 6th, 1945 and it was said that they experienced love at first sight when meeting. George Bush Sr. was 17 when married, and Barbara was 16. The two have lived in 29 homes located in 17 cities, and is the first presidential couple to reach 60 years of marriage. Barbara’s background includes working a summer job sorting nuts and bolts during World War II as well as working at the Yale Coup while her husband was attending the college, and until her first child was born. She is the second woman in history to have both a son and husband serve as president of the United States. George H. W. Bush served as the 41st president, as well as numerous other positions within our government. Some of these include vice-president to Ronald Reagan, director of the CIA, congressman, ambassador to the United Nations, and chairman of the Republican National Committee. Besides these governmental positions he was also a pilot in the navy as well as an oil businessman in Texas. George Walker Bush was born on July 6, 1946 in New Haven, Connecticut. He was the oldest of his five other siblings: Pauline (Robin), John Ellis (Jeb), Neil, Marvin, and Dorothy (Doro). George’s sister Robin died at the age of three from leukemia when George was only seven years old. His brother Jeb would also go on to become the 43rd governor of Florida. In 1948, George Sr. and Barbara moved the family to Midland, Texas, where H. W. would make his fortune in the oil business. George attended private school in Massachusetts where he was a great athlete in baseball, football, and basketball. He was good in school, but was also known for being a bit of a troublemaker. He went on to be accepted to Yale University where he was the president of the Delta Kappa Epsilon fraternity, played rugby, and was a member of the secretive Skull and Bones society. Two weeks before graduation George enlisted in the Texas National Guard. Although there is a lot of speculation as to whether or not he completely fulfilled his duty, he was honorably discharged in 1974. In 1977, Bush met Laura Welch and married her after only three months. The couple has two children together, twins Jenna and Barbara. Family is huge to George, and he attributes Laura for stabilizing his life and helping him to give up alcohol in 1986. As for George W. Bush’s leadership style, many things through his life have affected how he chooses to lead. In 1978 he lost in an election for a House of Representatives seat in Texas, which helped him to humble himself and realize that things would not be given to him just because of his father. He helped with his father’s presidential campaign in the year 1988, and this helped him to learn the ins and outs of campaigns as well as doing the dirty work required of such a position. After this, George bought a share of the Texas Rangers baseball team and served as managing general partner for five years, where he learned how a business works and runs. He became governor of Texas in 1995 and served until 2000, when he won the presidential election on the republican ticket. He served two terms as president, and dealt with disasters such as Hurricane Katrina and September 11th. George has been quoted speaking about Katrina saying, â€Å"Throughout the area hit by the hurricane, we will do what it takes, we will stay as long as it takes, go help citizens rebuild their communities and their lives†. George W. Bush’s leadership style can be described as problem solver, delegator, decisive, visionary, and composed. He was a problem solver because he believed that getting problems solved right when they needed to be was key, and did not push them off until the next person came around to fix it. As for delegator, Bush was good at knowing when it was his place to get something done, or when he should let someone else take over the job for him. George was a decisive leader in that he made tough decisions throughout his presidency, but always did what he believed was best for our country. Visionary is one way to describe his leadership style seeing as he had a clear vision set out at the beginning of his presidency for how he wanted our country to run, and this is something that he is known quite well for. Lastly, during Bush’s presidency he had to lead our country through two terrible incidents. Through all of this, he was able to maintain his composure and remain an effective leader through tough times, which shows his composure as a leader. One of the things that George W. Bush is most well known for would be his speech that he gave at the sight of ground zero a few days after 9/11. I can hear you; the rest of the world hears you. And the people who knocked down these buildings will hear all of us soon. † I believe that this quote from him helps to show all of the different leadership styles that he exhibited throughout his stint as governor of Texas as well as president of the United States. Nowadays, you can find George spending time with his wife Barbara on his ranch in Texas. He recently wrote his book, â€Å"Decision Points† and had a library put up in his name on the Southern Methodist University in the great state of Texas.