Sample Essay on:
ANALYZING EMPLOYEES DURING THE FINANCIAL CRISIS

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Essay / Research Paper Abstract

This 5-page paper discusses why employees might resign from their jobs during the recent economic downturn. Bibliography lists 4 sources.

Page Count:

5 pages (~225 words per page)

File: AS43_MTanlyempl.doc

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Unformatted sample text from the term paper:

up experiencing their own problems, ranging from major budget cuts and layoffs to having to do more with less personnel. This, in turn, led to increased stress and low morale for remaining employees. In one such company, remaining executives have realized the need to reorganize the jobs and duties of the company, and to reassign and redistribute responsibilities. Yet every time the executives attempt to implement changes, another batch of employees resigns. The question we need to ask ourselves here is why? Why are the employees resigning and what must the executive leaders do to prevent more resignations? Its difficult to understand, without knowing how this firm operates, what is going on. If this company operates like a typical firm, its likely that layoffs are based on salary rather than skill, and that employees arent notified of layoffs until they actually happen. These two layoff methods are wrong for several reasons. Cutting workers based on salaries might work to lower costs in the short run (Galagan, 2010). Certainly not having to pay a high salary can save some bucks. But it also means the skilled employees who know what theyre doing are no longer around (Guthridge et al, 2009). Their work needs to be done, though, and many times, this work falls to employees who are unfamiliar with it, and who dont know what to do or how to operate. Furthermore, this puts the company in a bad position when the economy turns around (Galagan, 2010). Without its more-skilled employees, the company may not be in a very strong competitive position when the economy begins its upward climb. And it will do that. ...

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