Human Resource Management Group Project

Analysis Many people have criticized the move by the government to treat agency workers as permanent employees. New rules that came into force recently said that agency workers in Britain needed additional rights, as well as benefits. Majumder (2012) argues that this will lead to additional costs that could amount to two billion pounds.Advertising We will write a custom case study sample on Human Resource Management Group Project specifically for you for only $16.05 $11/page Learn More He further adds that the government should not spend that immense amount of money on agency workers, especially at a time when civil servants’ salaries have been frozen. He says that the government spends money unnecessarily when it should concentrate on development projects. Armstrong (2006) says that Britain’s public sector is currently experiencing redundancy when it comes to large scale. Economically, such spending cannot be said to be sustainable especia lly at a time when the government wants to implement mass redundancy. Shrinking of governmental headcount has also been noted. Spending money on agency workers may not be encouraged given the state of the economy. The government needs to reduce its spending in order to save. Britain has also been talking of reduced jobs as a way to increase on government savings. The critics, however, need to understand that the economy cannot do without agency workers. These workers help in filling the gaps brought about by a shortage of labor in various sectors of the economy. Research shows that agency workers help in improving performance of a company. However, this poses a challenge to permanent employees who receive lower wages than that received by the agency employee. NIESR notes that hiring many agency workers can reduce the wages paid to permanent employees for the same roles. Permanent employees also are affected when their salaries may take time before being increased. Agency employees h elp the employers to save on costs, which leads to increased profitability. Many employers share this profit with the permanent workers within the company (Booth, Dolado Frank, 2005). Permanent employees do not get job satisfaction when the company they work for employs several agency workers. This also leads to job anxiety for fear that the temporary employees might be hired permanently, which could make them lose their jobs. Permanent employees also find such organizations as highly cost conscious; hence not comfortable working in those companies. Currently, it would be hard for the government to employ permanent nurses.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Research shows that, in a day, the government needs at least 20,000 agent nurses. The critics need to understand that hospitals cannot operate without these agents. This would mean serious shortage leading to deaths of several innocent patients. The agencies look for competent people with various qualifications. Britain does not hire people who do not possess the necessary minimum qualifications. Critics believe that schools have registered an increase in the supply of teachers. Demand for education has necessitated demand for more teachers, and because the government cannot afford to employee many permanent teachers, the option remains hiring agency teachers. As mentioned earlier, the government agencies hire qualified, temporary, employees. The government gives minimum qualifications, which must be met by the candidates. On the issue of teaching poor lessons in schools, the critics need to understand that agency workers mainly come from the minority groups in Britain, which include Asians, Africans, and other minority groups. Discrimination against race remains an issue in Britain. Britain citizens need to understand that the agency teachers can deliver as much as a permanent teacher can delive r. This is the only way people are going to appreciate the agent teachers. Some other critics assert that students and patient do not like seeing different faces each day, which comes due to organizations making use of temporary worker (Armstrong, 2006). Clients need to understand that only one person cannot serve them. Even without having agency workers, permanent workers also work in shifts. Therefore, the excuse of seeing different faces should not be used. Once again, the clients, as well as the critics should appreciate employees keep on changing places, and this. Permanent employees also go for leave, and their vacancies must be filled, not by permanent employees, but by temporary agencies. Most agency workers benefit from this form of employment. These people would have remained jobless if agency jobs did not exist. Most of these workers appreciate the fact that they are hired on a contract basis. Some permanent employees admit that they got their permanent jobs after working as temporary employees (Majumder, 2012). Some critics argue that the government needs to employ permanent employees rather than depending on agency workers. They base their argument on the fact that, recently, the government came up with a policy whereby the agency workers would benefit from increased salaries, as well as other benefits, which permanent employees enjoy.Advertising We will write a custom case study sample on Human Resource Management Group Project specifically for you for only $16.05 $11/page Learn More This means that agency employees will be receiving similar benefits to those received by other employees. This is why critics do not find it sensible. Instead, the government should employ these agency employees on permanent basis. The critics fail to understand that agency workers are competent people who need respect. The government has also promised to be hiring qualified employees as it has previously done. The fact that agency emplo yees belong to the minority groups in Britain should not make these employees less effective as compared to permanent employees. These people need appreciation, and stern action ought to be taken against whoever fails to respect them. Organizations also need to allocate equal duties to both permanent and temporary employees in order to ensure equality; hence job satisfaction. References Armstrong, M. (2006). Human Resource Management Practice. Web. Booth, A. L., Dolado, J. J., Frank, J. (2005). Symposium on temporary work – introduction, The Economic Journal, 112(2), 181-8. Web. Majumder, T. H. (2012). Human Resource Management Practices and Employees’ Satisfaction. International Review of Management and Marketing, 2(1), 52-58. Web. This case study on Human Resource Management Group Project was written and submitted by user Kason Holland to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

DECLARATION OF FITNESS TO SIT EXAMINATION Essays - Investment

DECLARATION OF FITNESS TO SIT EXAMINATION Essays - Investment PLEASE DETACH AND HAND IN THIS PAGE SEPARATELY DECLARATION OF FITNESS TO SIT EXAMINATION Students must complete the information below. Please refer to the front of your examination paper for further information. School (please tick one)Business SchoolLaw School ProgrammeBSc Business Management ExaminationPortfolio Management Date01/05/2015 NameQadeer Niazi I am not aware of any medical or other extenuating circumstances that would impair my performance in this examinationSignature Q.Niazi .. This sheet will be collected by an invigilator during the examination. Please do not leave your desk until it has been collected Table of Contents Q2.3 Q.34 3b. M&S October Long Call4 M&S October Long Put4 References5 THIS IS MONEY5 CRINAGE, S.5 FINANCIAL TIMES5 WEALTHADVISER.CO5 Q2. As the elections are getting close, in the preliminary voting period, it can be said that most of the ambiguity will cause an affect in the foreign exchange market and of course the Sterling, as the clock ticks the value is said to be the most subtle tool for quantifying investors sentiment. Speaking of the reactions of bond markets and equity, it could be said that its unresponsive. Guy Ellison, head of UK equity research at Investec Wealth & Investment, says: Clearly the outcome of the election is uncertain, and markets dont like uncertainty. The bond investors value certainty, but there are high chances for them being disappointed due to the results. There will be improbability about the configuration of the potential referendums and the government, which may tend to cause an increase in the term premium causing a result of rise in the gilt yields. The elections could also cause instability in the interest rates. If for instance the interest rate tends to rise, the prices of bond would subsequently fall causing a simultaneous effect on the GDP, which would lead to a fall in all equity prices. In addition to that, it is expected that there may be a result of fall in new investments due to the instability which could bring pauses in investment plans and cause companies to delay financial investment strategies. Investors will tend to pull back and show lack of interest causing and effect to the stock prices that simultaneously cause uncertainty in the stock market. The Equity market is determined on global developments similar to the bonds, exclusively as a few three quarter of the FTSE 1100 earnings and revenues are spawned from overseas In order to confront such scenarios or at least play safe, a few strategies need to be revised by the investment team/investment managers. The investment managers should broaden the investment in bond markets as is it can be considered as a good option, the managers are recommended to diversify the investment of customers as much as possible. The managers should invest in markets or sectors with a correlation between -1 up to about 0, which shall minimise the risk of making a loss. Q.3 Explain the difference to an investor between holding a long European Call and holding a short European Put position on a companys shares. In a long European call one get the options to purchase shares at the fixed strike on a certain date, however, in the short put option the investor is obliged to buy the share at the fixed rate in the future. The short put is relatively a better option as it gives a higher premium compared to the long call holding. 3b. M&S October Long Call Values Strike price 440equilibrium 430 share 10 If the investor buys M&S long call option, the likely chances of making a loss would be of 0.10 per share which is the premium free of purchasing the long call. M&S October Long Put Value 425.7 strike price Share 10 Equilibrium For the M&S long put share options the investor will be expecting the price of the underlying security will go considerably below the strike price before the expiry date. References THIS IS MONEY Should investors worry about the election outcome? In-text: (This is Money, 2015) Bibliography: This is Money, (2015). Should investors worry about the election outcome?. [online] Available at: thisismoney.co.uk/money/investing/article-3057669/Should-investors-worry-election-outcome.html [Accessed 30 April 2015]. CRINAGE, S. Investment, uncertainty and the 2015 UK General Election [for use with your clients] In-text: (Crinage, 2015) Bibliography: Crinage, S. (2015). Investment, uncertainty and the 2015 UK General Election [for use with your clients]. [online] Commentary & analysis. Available at: http://insights.jpmorgan.co.uk/adviser/commentary-and-analysis/investment-uncertainty-and-the-2015-uk-general-election/ [Accessed 30 April 2015]. FINANCIAL TIMES UK election risk hovers on horizon for markets - FT.com In-text: (Financial Times, 2015) Bibliography: Financial Times, (2015).

Evolution of Business Theories Essay Example | Topics and Well Written Essays - 1000 words

Evolution of Business Theories - Essay Example Interaction of Business Environments The term business environment can be simply defined as a set of economical, social, political, legal, and institutional conditions which are unmanageable in nature, and influence the day to day performance of an organization. The framework of business environment has two major components including internal environment and external environment. According to Daft and Marcic (2010), internal environment comprises of man, material, money, machinery, and management and it is usually within the control of business; whereas, external environment represents factors which are beyond the control of the organization (pp.47-48). The external environment is again subcategorized into two, such as macro environment and micro environment. Suppliers, customers, market intermediaries, competitors, and public constitute micro environment while macro environment includes economic, socio-cultural, technological, demographic, and international environments. Generally, external environments of organizations, particularly that of multinational corporations, relate to each other regardless of their industrial differences. According to Bird and Stevens, â€Å"increasingly, an identifiable and homogeneous group is emerging at least within the world business community† (cited in Samovar, Porter, and McDaniel, 2009, p.11). Researchers argue that cross cultural differences may or may not influence the interaction of business environments, because cultural elements largely deviate from region to region. Nowadays, a high level interaction is observed among business environments. Industrialization and urbanization together with the emergence of information technology provide infinite opportunities for business houses; and therefore, modern firms tend to expand internationally. Consequently, a number of international business models developed including import/export businesses, franchisee models, joint ventures, foreign direct investments, and mergers and acquisitions. Each of these models necessitates interaction of business environments. As Maznevski, Steger, and Amann (2007) comment, modern business management is a much complex task; and diversity, frequent market trend changes, and ambiguity are the major drivers of this complexity. This complexity in turn leads to uncertainty regarding future. Many management experts are of the view that global interdependence can have a great role in reducing modern business complexity. Hence, a number of organizations have recently adopted an interactive business style where its external environments communicate with each other. This increased interaction of business environments assists organizations to effectively predict future trends and immediately respond to unforeseen contingencies. In addition, business environments’ interactions have greatly aided firms to avoid unhealthy market competition and thereby to trim down unnecessary operational expenses. Furthermore, this policy would help companies to easily reach global customers and increase the geographical coverage of the business. Thus evidently, interaction of all business environments has led to the evolution of a globalized business environment, which offers infinite opportunities for modern organizations. Business Theories While analyzing the modern business era, the old paradigm of business practices seems unsuccessful because market and market trends have been notably changed over the past few decades. Nowadays