Changing Role of Hr Management Essay Example for Free

Changing Role of Hr Management Essay The Changing Role of Human Resources Management The ever-changing roles within human resources management (HRM), in response to trends, are from a dynamic environment and the importance of HRM. Every changing organization has a need for a HRM to respond and implement changes. The organizations driven by e-business and technology need to be ready to respond and adapt to the environmental changes and should focus on satisfying the company’s customer needs. In this role, the HRM contributes proactively to the development of global strategic plans and objectives. This essay will explain the changing roles in human resources management to the trends of: (a) globalization, (b) technology, (d) diversity, (e) e-business, and (f) ethics. Globalization The globalization of a business is the major challenge in human resources within the management of the business, new competitive aspects, and the cultural diversities are adding frequently (Gale Group, 1999). To reach the demands, the HRM is developing new business procedures and practices to adopt the shifting patterns of business. The human resources must deal with numerous challenges like maintaining proper coordination from the business activities in multiple locations around the globe. Human resources must prepare and have an understanding of the increase in global competition. The human resources departments are gaining awareness globally for the development of the human resources teams with activities dealing with the multicultural diversity. Technology The performance of HRM relies largely on the technological aspects. With the introduction and use of advanced technologies, the abilities and performances of the human resources are in need of required output. Businesses are incorporating advance technologies for meeting the demand of the consumers. This development has the human resources beginning to train continuously on the newer technologies in an effort to create processes, which are more effective. HRM is requiring changes in its practices to accommodate the advance computerized technologies and information systems (Frantzreb, 1998). All work done manually by the department must change to a more technical form to maintain and control the processes and data for a business to be more effective and productive. The technological skills within the human resources require coordination with the advance technology-based processes. Diversity The multicultural practices in business are making the environment within a business more diversified. In business environment today, a human resources professional come from multiple cultures and are working side-by-side in the same company meeting the same goals. For these professionals, it is paramount in maintaining a complete and thorough understanding of the morals, ethics, and values of the multiple cultures. The human resources professionals are developing innovative ways of managing the knowledge to deal with the diversity of the cultures. In addition, business environments that have diverse cultures are educating the HRM to perform the activities to the local consumer driven demands. Fast implementations in cultures are because of advancing technologies, which are causing the human resources to change its practices (Collins Clark, 2003). E-Business In an effort to eliminate the work burden, businesses are transforming normal operations to the e-business technological form. Business in the electronic form is causing the HRM to transform and develop newer procedures and practices. The human resources of companies have to maintain new skills and change the understanding from the brick and mortar style of business to the more advanced technological business environment, which is in a computerized form. To advance the performance levels, the HRM is starting to incorporate training in information technology to the human resources professionals in an effort to maximize the adaptation to the rapid changes to the practices for the e-business model (Mitchell, 2001). The human resources professional is requiring the computer and Internet-based business technologies to follow the accounting and marketing practices. Ethics In addition to being competitive, business professionals must maintain an even balance with the organizations ethics (Vickers, 2005). The HRM must create a business environment that is suitable with the company’s ethics policies. The HRM must maintain the interests of the stakeholders to an equal level without any discrimination. The first priority must be to the consumers’ best interest. To accomplish and maintain a balance between maximizing profits and maintaining consumers’ satisfaction, the HRM must make the business’s practices in such a manner. Conclusion Human resources management must be a major section within the business’s environment, which must adapt its roles to accommodate the ever-changing trends of the global practices. The HRM roles must not change for only a single aspect, but simultaneously alters according to all the factors. The most important aspect is in globalization. Other aspects like technology, as with e-business, makes the need for the knowledge of professionals within the HRM to be more technologically advanced. The ethics and diversities in business demand the management to maintain the vision of its employees to an equal level.

Changing Role of Hr Management Essay Example for Free

Changing Role of Hr Management Essay The Changing Role of Human Resources Management The ever-changing roles within human resources management (HRM), in response to trends, are from a dynamic environment and the importance of HRM. Every changing organization has a need for a HRM to respond and implement changes. The organizations driven by e-business and technology need to be ready to respond and adapt to the environmental changes and should focus on satisfying the company’s customer needs. In this role, the HRM contributes proactively to the development of global strategic plans and objectives. This essay will explain the changing roles in human resources management to the trends of: (a) globalization, (b) technology, (d) diversity, (e) e-business, and (f) ethics. Globalization The globalization of a business is the major challenge in human resources within the management of the business, new competitive aspects, and the cultural diversities are adding frequently (Gale Group, 1999). To reach the demands, the HRM is developing new business procedures and practices to adopt the shifting patterns of business. The human resources must deal with numerous challenges like maintaining proper coordination from the business activities in multiple locations around the globe. Human resources must prepare and have an understanding of the increase in global competition. The human resources departments are gaining awareness globally for the development of the human resources teams with activities dealing with the multicultural diversity. Technology The performance of HRM relies largely on the technological aspects. With the introduction and use of advanced technologies, the abilities and performances of the human resources are in need of required output. Businesses are incorporating advance technologies for meeting the demand of the consumers. This development has the human resources beginning to train continuously on the newer technologies in an effort to create processes, which are more effective. HRM is requiring changes in its practices to accommodate the advance computerized technologies and information systems (Frantzreb, 1998). All work done manually by the department must change to a more technical form to maintain and control the processes and data for a business to be more effective and productive. The technological skills within the human resources require coordination with the advance technology-based processes. Diversity The multicultural practices in business are making the environment within a business more diversified. In business environment today, a human resources professional come from multiple cultures and are working side-by-side in the same company meeting the same goals. For these professionals, it is paramount in maintaining a complete and thorough understanding of the morals, ethics, and values of the multiple cultures. The human resources professionals are developing innovative ways of managing the knowledge to deal with the diversity of the cultures. In addition, business environments that have diverse cultures are educating the HRM to perform the activities to the local consumer driven demands. Fast implementations in cultures are because of advancing technologies, which are causing the human resources to change its practices (Collins Clark, 2003). E-Business In an effort to eliminate the work burden, businesses are transforming normal operations to the e-business technological form. Business in the electronic form is causing the HRM to transform and develop newer procedures and practices. The human resources of companies have to maintain new skills and change the understanding from the brick and mortar style of business to the more advanced technological business environment, which is in a computerized form. To advance the performance levels, the HRM is starting to incorporate training in information technology to the human resources professionals in an effort to maximize the adaptation to the rapid changes to the practices for the e-business model (Mitchell, 2001). The human resources professional is requiring the computer and Internet-based business technologies to follow the accounting and marketing practices. Ethics In addition to being competitive, business professionals must maintain an even balance with the organizations ethics (Vickers, 2005). The HRM must create a business environment that is suitable with the company’s ethics policies. The HRM must maintain the interests of the stakeholders to an equal level without any discrimination. The first priority must be to the consumers’ best interest. To accomplish and maintain a balance between maximizing profits and maintaining consumers’ satisfaction, the HRM must make the business’s practices in such a manner. Conclusion Human resources management must be a major section within the business’s environment, which must adapt its roles to accommodate the ever-changing trends of the global practices. The HRM roles must not change for only a single aspect, but simultaneously alters according to all the factors. The most important aspect is in globalization. Other aspects like technology, as with e-business, makes the need for the knowledge of professionals within the HRM to be more technologically advanced. The ethics and diversities in business demand the management to maintain the vision of its employees to an equal level.

Impact of Government Expenditures on Private Consumption

Impact of Government Expenditures on Private Consumption Discuss the implications of a rise in government expenditures on private consumption behaviour. Introduction The following paper will analyse the impact that government expenditure has on the household’s consumption behaviour. Prior to starting the discussion it is imperative to highlight that government expenditure is either in the form of building roads, railways etc. or by changing the level of taxes charged to the individuals in an economy. It is an undisputed fact that the primary economic objective at the micro level is to ensure that resources are efficiently allocated and on the macro level the objectives are mainly to ensure high and sustained levels of economic growth; maintaining low levels of inflation and unemployment and, finally, maintaining a stable level of exchange rate regimes. Government expenditure is one of the tools of the fiscal policy which is used to bring the economy to its full employment level or the equilibrium level. The key indicator for growth in the economy is the Gross Domestic Product or more commonly known as GDP. GDP measures the domestic output in the economy, in other words the production of goods and services in the economy. There are have been various debates centred around the fact whether GDP should be considered a good indicator of growth or not; besides the area of measurement, many development economists also argue that the concept of growth does not take into account the human development side of the economy. In fact all GDP/ GNP (Gross National Product) are concerned about is the level of output. Fiscal policy measures were proposed and Keynes’ to bring the economy out of the recessionary phase and help the economy achieve its macroeconomic objectives and stabilise the economy. However, in the 70s with the presence of stagflation, characterised by periods of stagnation and high levels of inflation, was not cured by fiscal policies as a result of which monetarism emerged and gained popularity. The idea behind increasing government expenditure is to stimulate growth in the economy. Growth will only happen when there is sufficient demand for goods and services. Demand would only exist when people have the income to spend on the goods and services. Hence many a times in order to stimulate demand, government tends to increase create demand by engaging in activities which employs the under utilised resources. Recession is the result of negative or low economic growth. When there is a negative or low level of growth then the firms are forced to cut down on production, reducing levels of production then results in redundancies which lead to an increase in unemployment, therefore taking the economy away from its equilibrium level. Therefore, government expenditure increases the spending power of the households, when the income of the household increases they demand more goods and services. Greater demand creates a ripple effect of firms employing labour to meet the increasing level of demand, this leads to an increase in the production of goods and services, which fur ther results in the rise in the economic growth levels. Governments could increase the income by cutting the taxes charged. Prior to developing this point it is important to highlight that the consumption function which is generally the 45Â ° line was suggested by Keynes. The following diagram depicts the consumption function. Thus Keynes identified various factors on which a household’s consumption would depend, namely: Income, whether current level or anticipated level of income Amount of assets held Taxation – if the people anticipated that the taxes would decrease then the current spending would increase. This would also vary with the fact whether the anticipated decrease in taxes is going to be a long-term change or only for a short period. Consumer tastes and preferences – if the goods in the market do not appeal to the household’s preferences then their consumption levels will decline however and the opposite would be true if goods in the market would be as per the requirements of the consumers. In the event that domestic production of goods and services does not meet the requirements of the consumers or the level of income increases up to a certain extent then the households would be more inclined to import goods. In this scenario the balance of payments situation could be in danger. Increase in import levels would mean that the budget deficit would increase therefore driving the domestic production of goods and services down. This would then result in the opposite which is economic growth would fall as import levels increase. Conclusion From the preceding paragraphs it can be concluded that a rise in government expenditure increases the spending power of the households and it therefore results in a rise in the growth levels. It has also been highlighted that the government has to ensure that in the light of increasing the growth levels it does it at the cost of achieving the opposite which is reduced levels of growth. For instance whilst higher levels of income increases consumer spending it also can have the negative effect of an increase in budget deficit thus the domestic economy would suffer. Moreover, the governments in the light of measuring economic growth should not simply stick to GDP as an indicator, primarily because it tends to ignore many other factors like the social costs, externalities like pollution and environmental affects and besides it may even widen the gap between the rich and the poor. The government thus has a major role to play in maintaining the balance between economic growth by increasin g its expenditure levels. Thus in conclusion it can be said an increase in government expenditure stimulates economic growth in the economy by providing a higher level of income to the private households. BIBLIOGRAPHY Gwartney, James D., Stroup, Richard L., and Sobel, Russell S., Economics Private and Public Choice, (2000), Ninth Edition, The Dryden Press. Lumsden, K, Economics, (2003) Pearson Education Taylor, John B., Principles of Economics, (1998), Second Edition, Houghton Mifflin Company Todaro, M.P. and Smith, S.C., Economic Development, Eight Edition, Pearson Addison-Wiley (2003),

The Facts About Plastic and Cosmetic Surgery Essay -- celebrity, surge

We see those girls walking, we see those celebrity that looks very perfect in every way we want them to be, we see those big breast in the bathing suit and we see those perfect shapes and appearance. Plastic and cosmetic surgery have become a â€Å"consumer good† and people are buying them mostly non-stop. The people that plan to get plastic and cosmetic surgeries are the one that should really think about it and also people that can’t even afford it. It’s because they don’t know what the outcomes are. I believe people are using plastic and cosmetic surgery for wrong reasons because people are getting it for their birthday, graduation or just as a present. It is important that the people that really needs it, can get it. If there’s no defect or disorder, it shouldn’t be needed. For example, â€Å"24 year old Amanda, an optician in suburban Michigan, is getting the gift of a tummy tuck† (Dana 13). We should care because too much money are being spend on getting the plastic and cosmetic surgery. Instead of using that money to get the surgery that aren’t really needed, they can use that to donate to kids or people that are more in needs. We should be caring because we don’t know what kind of afterward results we’ll have if we get the surgeries. We should care because people often die from one mistake of getting in plastic and cosmetic surgery. We should care because those plastic and cosmetic surgery doesn’t really last forever, the majority will last you like about maybe a decade only. Many people is being affected by getting plastic or cosmetic surgeries. One example of was a girl name Annan she didn’t have very good self-esteem â€Å"I felt like it didn’t complement my face very well† (Krishnan 1). Teens girls are always looking to be goo... ...Web. 1 Apr. 2014. . Lee, M. and Nancy Sprauge. â€Å"Cosmetic Surgery: An Overview.† Points of View: Cosmetic Surgery 2013: 1. Points of View Reference Center. Web. 7 Feb. 2014. . Margonelli, Lisa. "GAMBLING ON Beauty." Health (Time Inc. Health) 15.9 2001: 122. Health Source - Consumer Edition. Web. 10 Apr. 2014. . Morgan, Peggy. "Is A Facelift In Your Future?" Prevention 50.1 1998: 106. Health Source - Consumer Edition. Web. 24 Apr. 2014. . Nowak, Rachel. "When Looks Can Kill." New Scientist 192.2574 2006: 18. MAS Ultra – School Edition. Web. 8 Apr. 2014. . Shute, Nancy. "Makeover Nation. (Cover Story)." U.S. News & World Report 136.19 2004: 52. Middle Search Plus. Web. 3 Apr. 2014. .

Reuven Malters Development In The Chosen :: essays research papers

Malter's Development in The Chosen One of the most emotional scenes from Chaim Potok’s The Chosen is when Reuven goes with Danny Saunders to talk to his father. Danny has a great mind and wants to use it to study psychology, not become a Hasidic tzaddik. The two go into Reb Saunders’ study to explain to him what is going to happen, and before Danny can bring it up, his father does. Reb Saunders explains to the two friends that he already known that Reuven is going to go for his smicha and Danny, who is in line to become the next tzaddik of his people, will not. This relates to the motif of â€Å"Individuality† and the theme of â€Å"Danny’s choice of going with the family dynasty or to what his heart leads him.† The most developing character from the novel is Reuven Malter. One of the ways that he developes in the novel is in hus understanding of friendship. His friendship with Dfanny Saunders is encouraged by his father, but he is wary of it at first because Danny is a Hasid, and regards regular Orthodox Jews as apikorsim because of the teachings of his father. Reuven goes from not being able to have a civil conversation with Danny to becoming his best friend with whom he spens all of his free time, studies Talmud and goes to college. Reuven truly grows because he leans, as his father says, what it is to be a friend. Another way that Reuven grows is that he learns to appreciate different people and their ideas. He starts out hating Hasidim because it’s the â€Å"pious† thing to do, even though his father (who I see as the Atticus Finch of this novel) keeps telling him that it’s okay to disagree with ideas, but hating a person because of them is intolerable. Through his friendship with Danny, studies with Reb Saunders, brief crush on Danny’s sister (who was never given a name), and time spent in the Hasidic community, he learns that Hasids are people too with their own ideas and beliefs that are as valuable as his. He learns why they think, act, speak, and dress the way that they do and comes to grips with the fact that he doesn’t have a monopoly on virtue. A third way in which Reuven grows, though the book doesn’t really talk about it a great deal, is in his appreciation of life, or cha’im in Hebrew. He almost loses his vision, his father nearly works himself to death, six million Jews are butchered in Europe, and Danny’s brother’s poor health threatens Danny’s

The Splendid Little War :: essays papers

The Splendid Little War February 15th, 1898, all is quiet in Havana Harbor. The crew of the USS Maine is sound asleep less a few solitary watchmen. The brackish sea air and the calm ocean breeze are soothing and peaceful. This would hardly suggest the terror about to erupt on this â€Å"peaceful† visit to the Spanish-controlled Cuban harbor. At 9:45PM, a violent explosion rips the Maine apart sending it plummeting down to the muddy sea floor and killing nearly all of her crew. All of the Spanish boats in the harbor rushed to the aid of the American vessel and its survivors: the commander, Captain Charles D. Sigsbee, and a few lucky crewmembers. Even though Captain Sigsbee, a favorite of the Naval Department, urged President McKinley not to react in an aggressive manner toward Spain, the media, namely New York newspaper editors Pulitzer and Hearst, already inflating current issues relating to the Cuban revolution, spin the incident out of control. The American public goes mad with suspicion of Spanish fowl play and the sinking of the USS Maine serves as the immediate catalyst to the Spanish-American war. This â€Å"Splendid Little War† is deeply rooted in Spain’s rule over Cuba as a colony infringing upon American interests in Cuban agriculture and goods. The first episodes of war-like acts between the U.S. and Spain began with the explosion of the USS Maine in 1898. After the catastrophe, many attempts to solve the mystery behind the explosion and withhold peace took place, including the ambassadors of England, Germany, France, Italy, Austria, Russia, and the Pope appealing to president McKinley for peace. Despite numerous efforts against it, McKinley asks congress for war April 11, 1898 and U.S. troops mobilized on April 16. The Teller amendment passes through Congress stating that the U.S. would not annex Cuba. Congress declares Cuba independent on April 19. Shortly after the United States Navy blockades Cuba the first Spanish ship was taken. By April 25, both Spain and the U.S. declare war. The Spanish-American War was an extremely quick war, highlighted in history by Theodore Roosevelt and his Rough Riders in the battle of San Juan Hill. Spain was completely stomped. On the way to capture the Philippine Islands, Spain’s most worthwhile colony U.S. Naval forces also capture Guam. Closer to home, the U.

Reasons for inefficiency in monopolies Essay

1 Reasons for inefficiency in monopolies 1. 1 Monopolies and pricing A monopoly prices its products where marginal costs meet marginal revenues to maximise profits. Due to the fact that this price is higher than the market price in perfect competition, many consumers are not able or willing to buy at the higher price. This deadweight loss is an allocative inefficiency. Figure 1: Pricing in monopolies and perfect competition The consumer surplus in perfect competition is 1+2+4, and the producer surplus is 3+5. The consumer surplus in a monopoly is 1, the producer surplus is 2+3, and the deadweight loss is 4+5. 1. 2 Monopolies and productive efficiency In theory, a monopoly does not have to be less (productive) efficient than perfect competition. In reality, however, almost all monopolies tend to be inefficient. This may be for the following reasons: 1. 2. 1 Pressure for productive efficiency In perfect competition the price within an industry is determined by the market, or in other words, by demand and supply. Profit maximisation is achieved where the marginal cost curve intersects the demand curve (see figure 1). This means that in perfect competition, the company maximises its profit at the minimum point of its average cost curve. A company in a perfectly competitive environment tries, therefore, to be as efficient as possible in order to meet the minimum average cost. This causes a lot of pressure to achieve productive efficiency. A company in a monopolistic environment is able to change not only its cost, but also its prices. There is far less pressure for productive efficiency. 1. 2. 2 Diseconomies of scale A monopoly may increase its output to the point where it exceeds the minimum point of cost on its long-run average total cost curve. In this case, diseconomies of scale occur. 1. 2. 3 X-inefficiency. In perfect competition, X-inefficiency of one market participant will have almost no influence on the market and the market price. X-inefficiencies in a monopoly increase cost and, therefore, price. X-inefficiencies are more likely in monopolies because there is no benchmark to monitor the performance of management and less pressure from shareholders and markets. 1. 2. 4 Principal Agent There are no benchmarks and most shareholders and regulators do not have the insight into the company to evaluate management. 1. 2. 5 Case study: Deutsche Post AG (DPAG), Germany. The privatisation of most regulatory monopolies during the last few decades shows that competition decreases costs: Figure 2: Deutsche Post AG: Postal items delivered and employees (FTE) 1999-2005 The Deutsche Post AG lost its monopoly on the delivery of letters over 100 grams in 1998 and on the delivery of letters between 50-100 grams in 2005. From 1999- 2005, employees were reduced by 16% despite the fact that the total number of items delivered increased by over 3%. This means that during the monopoly the DPAG had a lower productive efficiency, delivering fewer items with more people and higher costs.