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Essay / Research Paper Abstract
This 15 page paper considers the case of a firm which has suffered several rounds of cost cutting including job losses, discusses the problems that the firm may be facing and presents plan to increase trust and motivation within the workforce, including increasing teamwork. The bibliography cites 15 sources.
Page Count:
15 pages (~225 words per page)
File: TS14_TEcoXjobl.rtf
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Unformatted sample text from the term paper:
product and increased competition. In order to survive there have been several cost cutting measures, first 100 employees were laid off, then the 150 of the employees that remained
took a pay cut, but this was still insufficient and a further 65 job losses followed within a period of a month. The long term result of these
changes and layoffs has been a negative impact on morale. For a firm seeking to recover the value that is created by the employee input, in terms of creative thinking,
innovation and high productivity levels may be the difference between success and failure. However, with employees that have seen three waves of cost cutting with colleagues loosing jobs and pay
cuts, it is understandable that they may be fearful of more cuts. Furthermore, it does not appear that there were any policies or strategies out in placer to protect the
employees that remained, or even appreciation given to the impact that the losses and cuts may have had on the surviving employees. In order to improve employee performance there
is a need to protect the present employees and help deal with the stressful environment, to increase motivation levels, to create teams and develop a high trust environment. The first
stage is to assess the potential problems that exist to ensure that the remedies that are out into place will address the required issues, the current issues and concerns need
to be dealt with before the organization can move forward. 2. The Problems from the Lay Offs The firm has seen the loss of 165 employees of two phases of
job losses, effectively the firm has down sized. It may have been assumed that the employees who remained were simply pleased to still have their jobs, especially in an environment
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