The Work Life Balance In Nestl International Management Essay

The Work Life Balance In Nestl International Management Essay Work/life balance is a very broader term and often referred to finding the right equilibrium between the different aspects and roles in a life of a person. Although there are different views and concepts about work/life balance but it is generally coupled with maintaining an overall balance in different aspects of life. During the last decade technological revolution has stormed all aspects of life and there were different debates about the future of work. Different scenarios predicted a rising trend in un-employment and economic insecurity. Industrial restructuring and emergence of latest technology no only affected the importance of workforce but it was also felt that employees will be treated as superfluous overheads. In this study of work/life balance the main objective will be to examin the ability of employees to handle concurrently the versatile demands of life at Nestle International. Work/life balance demands the right balance and equal amount of time devoted to official as well as personal life. The theory of this concept is not that simple and requires many developments and additional components to be incorporated. There are three different levels of equilibrium that affect the work/life balance. CHAPTER 1 Introduction History of Work/Life Balance: During the 1960s and 1970s, the concept of work/life balance was a new one and was basically used for those working mothers who usually struggle to cop up the requirements of their jobs as well as raising their children. However during the 1980s the importance of work life balance acknowledged all over the world and many multinational companies introduced the policies and measures to secure the rights of the workers and tried to maintain a right balance in their culture. By the end of the decade, work-life balance was seen as more than just a womens issue and male workers also raised their voices. By the mid of the 1990s work-life balance became a fundamental issue for individuals and it became a necessary part of the strategies of all the organizations all over the world. This growing awareness of the central importance of the issue resulted in major growth in attempted work-life solutions during this decade and many new studies and ideas emerged. As for today the situation has changed drastically and many changes have been made in labour law regarding the protection of rights of the workers and these changes in laws also have a significant affect on HRM policies and strategies of the organizations. Why Work/life Balance so Important? Over the past few decades, there has been substantial increase in work which is felt due to a very stiff competition in global markets and ever increasing pressure and demands from the organizations that expects more and more from their employees yet offers a very little security and compensations in return. For many employees today including both male and female their lives are becoming more complex and difficult with an increased burden of family and other personal responsibilities and interests. Therefore, in an effort to retain employees and maximize their performance, it is increasingly important for organizations to recognize this balance. This increased pressure has affected the life of worker at Nestle International in many ways. It is not only harming the social norms but also causing many physical and psychological diseases such as heart problem, weak immune system, stiff muscles, exhaustion and jumpiness etc. Increased working hours means there will be very less time to be spend with family and community. If an employee is not mentally satisfied or balanced, he will not be able to perform his duties with due diligence and care. Now, however, things have taken altogether a different turn. Employees quality of work-life is becoming a burning issue all over the world. For a growing number of employers, human resource challenges are their biggest concern. Leading employers are recognizing that positive work-life outcomes for employees from achieving work-life balance to the satisfactions of challenging work and career development are key ingredients of a successful business strategy. In practice, improving the quality of work life remains a tough challenge. Naturally, many managers see the important links between the quality of work life and organizational performance. Yet they face barriers to progress. So it is necessary to update the case for taking action to improve the quality of jobs and work environments. A happy and well balanced employee will not only perform his daily operation with utmost care but will also be able to avoid different complex social problems. Work/life programs will not only help to boost employees morale, reduce absenteeism, preventing the outflow of valuable information of the organization in difficult economic situations but will also reduce the cost and affect the overall performance of the company. It is very important for the human resource professional to understand the critical issues of work/life balance. Be it employees whose family members and/or friends are called to serve their country, single mothers who are trying to raise their children and make a living. Objectives of the Research To understand the concept of work/life balance. To understand the importance of a good and happy relationship between employer and employee. To evaluate the importance of work/life balance from the perspective of both the employer and employees. To explore the work/life balance at Nestle International. To evaluate the strategies of management at Nestle International and their role in maintaining work/life balance. To find out the solutions of different problems faced by the Nestle management in maintaining work/life balance within the organization. Importance of Work/life Balance from the Perspective of Employer: A balanced culture/environment in any organization will not only be helpful for employees in different ways but it will also provide many tangible benefits to the business. Implementing work/life balance provides an excellent opportunity to consult with staff to review the job design and develop innovative and supportive work practices. This sort of consultation will ensure the needs of individuals are met and a more agile workplace is achieved. It will also lead to a greater level of employee commitment to the success of the business. By minimizing the employees turnover in organization you will not only boost your repute as a good employer but it will also help to achieve the quality standard of products out prevent the outflow of valuable inside information to other organizations because if a skilled worker will leave the organization it will take a hell lot of time any money to replace him with some other suitable person. Importance of Work/life Balance from the Perspective of Employee: The For human being, home is a shadow of heaven on earth where he goes and takes rest but due to imbalance structure between work and life it has become an additional place of work with plenty of office tasks and assignment. Any human being will be able to perform his duties and tasks deliberately only when he/she has a right balance in between his/her official and personal life. A balanced and happy employee is more likely to perform better at work and can provide many tangible benefits for a business. There are new ways to make work work that benefit both employers and employees. In fact, research shows that flexibility is a critical component of workplace effectiveness and that employees who work in flexible and effective work places are more likely to: Be engaged in their jobs and committed to helping the company succeed. Plan on staying with their employers. Be satisfied with their job, which translates to good customer service. Exhibit better mental health and wellbeing. CHAPTER 2 Literature Review Introduction: Nestle is a Switzerland based company, founded by Henri Nestle in 1866. The success story of transforming a single mans idea into a giant corporation started from developing a milk food formula for infants by Mr. Henri in 1866. Soon the Nestle products became a success and more and more businesses wanted to merge or start a partnership with Nestle. In 1905 Henri Nestle joined hands with a Swiss milk company and the companys name became Nestlà © Anglo-Swiss Condensed Milk Co. Then in 1929, Peter-Cailler-Kohler Chocolats Suisses S.A. merged with the company. The name was then changed to Nestlà © Anglo-Swiss Holding Co. Ltd. In December 1947, company acquired all the shares capital of the Alimentana S.A. Company in exchange for fifteen Nestlà © shares and fifteen Unilac shares for each of Alimentana S.A. share, and the name was Nestlà © Alimentana S.A. And then finally, the last name change that the company would endure was in 1977, where it adopted the name Nestlà © SA (www.nest le.com). Today Nestle is one of the biggest giants in the food and beverage market of the world and it is marketing its products in almost 130 countries of the world. The company is manufacturing roundabout 10,000 different products and employing over 250,000 people all over the world. The company is selling almost a billion products everyday. The headquarters of Nestle are situated Vevey, Switzerland, but the operational facilities of the company are spread all over the world. The company not only increasing its size year by year but also increasing its product varieties. Nestlà ©s Greatest Asset are its Workers The slogan of Nestle that its people are their greatest asset is very much true as they care a lot about their people and encourage them to bring out the best in them. At Nestle it is made sure that people benefit maximum from their work at Nestle. What binds together the over 250,000 people across the world is a universal culture and a high degree of loyalty to the Company and to each other. The employees are encouraged to contribute in the company success by introducing new and innovative ideas. Above all, Nestlà © is genuinely international. One simple example is that around 80 different nationalities are represented among the 1,600 people in our Head Office. Each year a thousand people from all over the world come to our Training Centre in Switzerland. The corporate values of Nestle are: Trust Respect Involvement Pride The Concept of Work/life Balance at Nestle International Nestle is following the United Nations Global Compacts (UNGC) guiding principles that insures the human and labour rights and aim to provide an example of good human rights and labour practices throughout our business activities. At Nestlà © it is truly believed that there must be a good and healthy balance between the private and professional life of an employee. This thing not only increases the reputation of Nestle as a good employer but also helps to retain the most valuable people of the organization and reconciles economical essential with welfare. Employees who wish to take part in community welfare programs voluntarily are supported at Nestlà ©. In the same character, Nestlà © encourages flexible and friendly working conditions so that stress factor can be reduced up to the minimum level. Everyone has to find their own balance between work and other activities, but as a company we encourage all our employees to pursue interests outside the workplace. As football is the natural favourite Sports in European region so most Nestlà © units sponsor at least one football team. Nestle supports many cultural activities and home study programs in countries all over the world. One of the biggest evidence of good work/life balance at Nestle is that it enjoys one of the highest percentages of employees retention among the top multinationals of the world. Pre-retirement classes and facilities for retiree activities are available in many countries. Nestle also supports one of the largest retiree club with more than 1,000 members actively participating in events ranging from climbing, skiing and cycling to foreign travel, fitness and computer classes at its headquarters at verve, Switzerland. In addition, several of them take part in local volunteer projects such as delivering meals to other Nestlà © retirees in the region. Role and Strategies of Management in Maintaining Work/life Balance at Nestle One of the greatest debate is who bears the biggest responsibility in maintain equilibrium between official and personal life of a person? But according to the given circumstances the major burden definitely falls on the employer and those who are the part of senior management because these are the people who demand as much as work from their employees and tries to minimize the cost on the verge of a limited work force. Things have changed a lot now because different research works have showed the physical and mental health effects of heavy work load which ultimately affects the productivity and profitability of the company in the long run. At Nestle it is made sure by the management that an appropriate work-life balance exists in organizational culture which means employee will be at less risk for many serious health conditions that result from overwork and stress. Overworked employees not only exposed to many serious physical and mental diseases but also face many problems and issues in their social and family lives. This is a very alarming situation because those employees who spent the most of their time at work are usually error prone. On the other hand those employees who spend most of their time at off-work activities will usually be un-productive and not reliable. Such individuals are found in every office and they are major concern for the management. So it is the responsibility of the Nestle management to address the problems of these individuals. Management should encourage these individual to contribute more towards productivity. If an employee spend four hours working at home and solves more problems by working at home than at office , he should be encouraged by the Nestle management. At Nestle International top management offer different workshops and informative seminars to employees about work-life balance, and should make sure that the policies regarding these issues must be followed strictly. Different technologies have been introduced to employees, which help them in creating the right balance between their lives. Here are some of the strategies used by the Nestle management to enhance work/life balance in organizational culture. Employee Assistance Program (EAP) At Nestle International the introduction of Employee Assistance Programs (EAP) provide easy, free and confidential access to professionally trained counsellors to help the employees to overcome a large variety of professional and personal problems. Conveniences at Work Employees at Nestle International are offered different features in order to make their work convenient and easy such as: Fitness center Mothers lounge On site parking Bonuses at all levels Day care Cafeteria Parental Leave Parental Leaves are available for female and male workers to help them to see off their social responsibilities. Benefits Package Nestlà © offers medical and other visionary benefits packages to meet the health needs of not only their employees but also their families and domestic partners. Benefits of Maintaining Work/life Balance at Nestle International Talented and highly valued employees are the most important corporate resource of any company and it is not very difficult to get such talented employees so in order to retain them a flexible and balanced environment must exist within organization and organizational culture at Nestle fully demonstrate such features. If the employees will be satisfied they will be more focused and confident towards their work and by providing a right balance between the personal and professional lives Nestle ultimately enjoys a constant product quality and customer satisfaction. A balanced employee not only enjoy a happy personal life, avoids different risks relating to physical and mental heath but also add up to the reputation of Nestle as a good employer. By employee retention Nestle not only saves the outflow of very valuable information of the organization but also minimizes the additional cost required to train the new employee to bring him up to the level of expertises of the existing employee. CHAPTER 3 Methodology The main objective of this research is to create an understanding of the importance of work/life balance in the lives of employees as well as in the progress of the organization. General method to collect information for the purpose of conduct a Research Following are some of the method to collect information in order to carry on research. Questionnaire It is a method used to collect the information directly from people. It is consider as a realistic source of information which provide an opportunity for analysis. Moreover it provides more current information as compare to other source. it is considered to be the primary source of information. It also contain different options Interview Interview is another way of collecting data for conduction research. We can conduct different kinds of interview to find out the reasons of any problem. it is a direct face to face communication through which one can receive direct feedback on any issue under consideration. It is also one of the realistic sources of information. Studying the different documents and Survey Reports It is also an effective way to develop an understanding of different topic related documents and surveys which enable us to carry the research in an effective manner. These surveys enable us to develop an understanding on that specific issue in wide scope. Observation Observation is also an effective tool to collect information regarding customer expectations and factors which boost up customer expectation. Observation also helps to collect information regarding customer taste, marketing trends and rival competitive policies Discussion with expertise Carrying on discussions with those who have a vast expertise of understanding customer behaviours and mental situations. Through this we can extract very important information for the real purpose. Case Studies Studying different kind of case study is also enable us to enhance our understanding with the real topic and provide us very valuable information and clears the idea of main concept. The data collected through a questionnaire circulated and interview conducted at Nestle will form the base of this research work. The above mentioned questionnaire will consist of different questions relating to the work/life balance and it will target a group of 20 workers selected through random sampling representing the population as a whole. For the purpose of reference and other historical information different books, journals, articles and websites will be consulted. Time frame for completion of research is as under: No. Task Description Start Date Completion Date 1 Proposal Submission 2 Literature Review 3 Questionnaire Designing 4 Data Collection (Primary Secondary) 5 Data Analysis 6 Drafting Composing 7 Proof Reading 8 Submission

Building Community within Organizations

It is already given that the one constant thing in life that nobody can stop is change. This proven fact is applicable much more in the world of running a business organization. In order for the company to strive and compete in the industry it is involved in, there is the necessity for it to instill, from time to time, alteration in company policies, in the framework of its organization and almost in all of the aspect of its whole structure.When situation like this happens, the changes in the policies of the company — be it retrenchment or simple adaptation of new operational procedures or even technology – the most affected by this change is the frontline of the operation. These people are those who belong to the rank-and-file officers and staff members of the firm. Moreover, if the change in policy is a major one that affects the whole member of the organization, intelligent skills and knowledge is a necessary tool so that everyone can cope up with it.The question tha t underlies this statement is: â€Å"What are the effective actions that the employees and leaders alike should do so to counteract the negative side effects of the change and also to parry the blows to their personal and organization’s well-being. † Members of the organization would surely experience the change while it takes place and this call for an intelligent and effective style of leadership and communication on the part of the management.From the vantage point of the employee who is affected through loss or change in the policy of the company, he should have coping mechanism to avert the negative impact of the change. And from the vantage point of the management, good leadership is needed so as not to alienate the workforce and make the changes have a slight impact in them. Ways of Coping from the Vantage Point of Employee Since it is inevitable that a company or an organization will apply changes in its company policies mainly to keep abreast with the stiff co mpetition in the market, every employee of any firm should have a coping mechanism in the light of this.It is them best to follow the advice of the team of Sparks, Baret and Lehndorff (2000) who said in order to bring out the best in anything or everybody, one must know more than the work required of him. Using this advice to avert any catastrophic effect of any change happening in an organization, the employee will have something to fall back on to if ever the alternation in the company policy will deem his position and role in the organization is no longer needed.To go more deeply in this very effective mechanism of averting and coping with the changes happening in a company, the employee, if he knows more than the work he is performing for the company, will have a place to go to if ever his position will be deemed no longer needed by the firm. A good example of this is when an order delivery boy knows how to cook or function in the kitchen of the restaurant he is working for. Bes ides knowing how to drive a delivery van this employee may also participate in the kitchen in preparing food for example during the lull moments when there is no delivery.If ever the times comes when the company will phase out its delivery service and this means the driver will no longer be in need by the company, that employee, because of his experience in working in the kitchen, can be absorbed by the kitchen department so as to lessen the impact of the change in the policy of the firm. Thus saying, this means that an employee should make it to himself to know more about the company that he works in. By knowing different kinds of work in a particular organization, the problem of being absorbed by different department will be not a hassle or a problem.This also avert the point where in the employee can lose his job and part with the organization. Furthermore, if the employee knows many things or have various experiences in various kinds of work, the event of losing an organization or his job will, in a way, not a problem for him. As they say a man of jack of all trades is better than being just a master of one. In an event that an employee is retrenched because of organizational policy, he will not have any trouble finding another work even if the new job is not related to the previous job that he used to perform.Using the set example above, a driver of a delivery van for example may be retrenched for any possible organizational or policy change happening in his company. But since he knows also how to be a mechanic or a helper in the company he used to work with, he may find another job in another firm as a mechanic or even just a helper in the kitchen. Giving this example, it is thus cannot be over emphasized the need for an employee to know more than what he does in his particular organization.Even though this knowledge regarding another line of work is not related to his present job, the use of this may come in the future considering that his tenure in the company is not permanent or changing according to the policies of the management. Transition from Job Loss Wilson (2004) said that when someone is faced by a major loss like being fired or terminated, that person will experience an expected series of sequence of emotions known as Kubler-Ross stages.These grieving emotions will start at denial, bargaining, anger, despair and finally, acceptance. A person who suffered a job loss does not usually experience these emotions in this sequence. They may come in different variation, yet understanding the sequence of this emotional stage can help the person bounce back from the traumatic experience of losing his job. Nevertheless, this is not just the whole picture of the situation that the person must know to pull himself back from a major loss.It is also important to know the four truths as Wilson (2004) enumerated them: †¢ Most people who experience career losses feel like you do †¢ There will be predicable stages in your career transition †¢ As an adult, you will continue to grow and change †¢ There really is a best way to approach finding a new job Wilson (2004) added that by exploring these four truth about a job loss will help create for a person a more realistic expectation.And by doing so, there is likely that the person will slide in the â€Å"paralyzing isolation, frustration, or depression† which usually comes after a major set back like a job loss. Doing and understanding these four truths then will be a capital for that person to create a tremendous opportunity in finding a new job or a career. Leadership During the time of change in company policy and transition from the old process of working to the new one, leaders act as catalysts of change. They are necessary member of the organization since they shoulder the strength of the company in general.Leaders have the ability to set and influence the point of view and opinions of their subordinates. As Philips & Schmidt (2004) said it is therefore not at all surprising that for a long time every organization and corporation are spending big amount of money just to enhance their worker’s skills on leadership. In this light, in an event when a company has set it organizational system it is therefore important that there is a leader, characterized as having transformational skills, to support these changes.This quality of leadership is necessary if not crucial for the company itself since the skills of these people have the capacity to help motivate the working spirit of the employees affected by the change. Moreover, transformational leaders help the organization shift from the old system to the new system when a major change takes place. One of the advantages of having a transformational leader when a change takes place in an organization is the given sensitivity he already has for those who either will be affected by the change or to those who will lose their jobs.Considering that this kind of leader n o longer has control over the retrenched workers or employees, his quality of being aware to the effects of the changes will greatly help those who are left behind to continue their work. Awareness about the effects what happened to the organization will be the ground on which this leader will lead his subordinates to continue being motivated doing their jobs. The good thing about this kind of leader is that he is aware that many, if not most, of the employees will surely lose their enthusiasm to work for the company.Knowing this, the leader then can initiate open communication with his subordinates about what is the real goal of the change and therefore erase the doubts in the mind of the employees that the organization is not really there for them. What is even more effective about this kind of leader is that he knows that he is there to stand before his employees and workers as somebody to be emulated upon. Whatever his actions and attitude towards change will surely be the gener al sentiments of those who fall under him.In this light, changes may take place inside the organization yet the transformational leader will always lessen their impact on the working ethics and habits and also motivation of the workers. References Philips, J. and Schmidt, L. , (2004). The Leadership Scorecard. Elsevier Butterworth-Heinemann, UK. Sparks, L. , Baret, C. & Lehmdorff, S. (2000) Flexible Working in Food Retailing: A Comparison Between France, Germany, Great Britain and Japan. London: Routledge. Wilson, D. G. (2004). Back in Control: How to Stay Sane, Productive, and Inspired in Your. Sentient Publications, US

Slavery in America Free Essay Example, 2250 words

In many societies the slaves were treated and regarded as the servants by many of the wealthy households and the slaves were forced to work in the mines and also in the fields. Slavery began and started to change with the increase in the plantation of sugar (Joel, 2011). According to the researcher (Fields) in his research paper has highlighted on the fact that the Europeans has engaged this slave for the production of sugar in the eastern part of the Mediterranean since the period of 1100s. Then in the period of 1400s and 1500s, the Portuguese and the Spanish has introduced the plantation of sugar on the islands that is situated in the eastern Atlantic region and for the plantation of this sugar they bought the slaves from Africa and the Portuguese and the Spanish has introduced there colonies in America and along with them they bought the concept of sugar plantation in America. Therefore they for the first time tried to engage the native of America for the plantation but the Nativ e Americans could not perform and many of them died due to overwork and many suffered from diseases therefore they started trading the slaves from Africa. We will write a custom essay sample on Slavery in America or any topic specifically for you Only $17.96 $11.86/pageorder now The main reason for engaging the slaves from Africa is that they are more immune to diseases, they work with lower pay, the Africans do not have any friends or relatives in America and they have the experience in working on farms in their respective native lands in Africa (Fields, 2014). Trade of Slave in America In America debtor and prisoners of war were forced to become slaves. Slowly this practice started to grow more. The rich Americans started purchasing those people for keeping them as their slaves. African people were brought to American. They were sold in American market. Throughout 17th and 18th century slave trade was practiced in America. This business became so much popular that in early 18th century export of slaves grew to 36000 and in late 18th century it increased to 80,000 in a year. For this slave trade large numbers of Africans were shipped to America. Population of slaves increased day by day for this trade. Price of slaves is fixed by their capacity follow orders of their masters and does every kind of difficult tasks. Maintaining large number of slaves became a status for American people. Slave trade was predominant among influential and wealthy people of the country. Day by day with increase of slavery trade the torture on slaves also increased. For this system slave s were brutally tortured by Americans.

President Truman The Reasoning for Dropping the Atomic Bomb

Harry S. Truman was the 33rd president of the United States of America. He became president because Franklin D. Roosevelt died during his term; Truman was Roosevelt’s Vice President at the time. Truman found himself facing some of the greatest challenges met by any 20th-century president. He discovered in July 1945 that some scientists working for the United States government had successfully tested an atomic bomb in New Mexico. President Truman wanted to use the atomic bomb to end the war in the Pacific, but with fewest U.S. catastrophes. This decision was one of the most momentous decisions of the 20th century and extremely perplexing when analyzed. Harry S. Truman became the 33rd president by the death of Franklin D. Roosevelt.†¦show more content†¦Truman agreed and stated that if the weapon was achievable it will certainly have a clobber on those Russians. The war with Japan dragged on and it appeared too much as if the Japanese should never surrender. On July 16, the team of scientists at the Alamogordo, New Mexico, research station denoted the first atomic bomb. Truman gave Stimson the handwritten order to release it, when ready, but not sooner than August 2 on July 31, 1945 (Truman is briefed on Manhattan Project). President Truman received news of the successful test while he was in Potsdam. Stalin had Soviet spies monitoring the Manhattan Project for some time, so he was not surprised when Truman told him about a new weapon. Groves estimated that one blast would wipe out enemy lines over a 2,000 foot area, making a way for any advancing United States force. President Truman told the aim will be for military use only and they will publish a warning statement asking the Japanese to surrender and save lives. By the determination made on August 6, at 2:45 that morning, the Enola Gay took off from its airstrip on Tinian to Hiroshima (Kross 45). The U-235 core, the explosive fuel for the bomb developed at the Oak Ridge laboratories, was ca rried in a bucket. The core would be located inside â€Å"Little Boy† and dropped on Hiroshima. The almost complicated topic to be addressed in making of anShow MoreRelatedThe Atomic Bombs910 Words   |  4 Pagesspecifically the year 1945, the United States of America had two atomic bombs that the commander and chief, and president at the time, Harry Truman, knew about. President Truman plan was to drop the bombs on two of Japans cities, Hiroshima first and then Nagasaki. Truman’s plans went accordingly, which to this day leads to a very controversial topic on whether or not dropping the atomic bombs was a good or bad thing. There is evidence and reasoning to back up both claims, in which everyone is entitled toRead MoreWhy the Atomic Bomb Was the Wrong Choice Essay example1340 Words   |  6 Pagesof the conversation. 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Auditing Profession - Example - 1610 Words

Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria (Arens, Elder, Beasley, 2010). Auditing should be done by a competent, independent person. Accounting is the recording, classifying, and summarizing of economic events in a logical manner for the purpose of providing financial information for decision making (Arens, Elder, Beasley, 2010). Many people confuse auditing with accounting because auditing is usually concerned with accounting information, and many auditors have a considerable amount of experience in the accounting profession. This confusion results from the certified public accountant title given to†¦show more content†¦Internal audit experience can be used to fulfill the experience requirement for becoming a CPA (Arens, Elder, Beasley, 2010). The AICPA is the organization that sets professional requirements for CPAs. The AICPA also conducts research and publishes materials on many different subjects related to accounting, auditing, management advisory services, and taxes (Arens, Elder, Beasley, 2010). The organization also prepares and grades the CPA examinations, provides continuing education to its members, and develops specialty designations to help market and assure the quality of services in specialized practice areas (Arens, Elder, Beasley, 2010). The Public Company Accounting Oversight Board provides oversight for auditors of public companies, including establishing auditing and quality control standards for public company audits, and performing inspections of the quality controls at audit firms performing those audits (Arens, Elder, Beasley, 2010). The PCAOB has responsibility for establishing auditing standards for public companies, while the Auditing Standards Board (ASB) of the AICPA establishes auditing standards for private companies. The ASB previously had responsibility for establishing auditing standards for both public and private companies (Arens, Elder, Beasley, 2010). Existing auditing standards were adopted by the PCAOB as interim auditing standards for public company audits (Arens, Elder, Beasley, 2010). Generally Accepted Auditing StandardsShow MoreRelatedNature of Auditing and the Public Accounting Profession1163 Words   |  5 Pages Nature of Auditing and the Public Accounting Profession 1. Auditing neither creates goods nor adds utility to existing goods and therefore does not add value to business. Auditing exists only because it has been legally mandated. Auditing exists because it is needed by the company. It is beneficial to users who need assurance if their financial statements reflect economic conditions that occurred in a period. Without reliable information, companies might make less effective decisions whichRead MoreAdelphi Accounting Scandal Case Study1511 Words   |  6 Pagesclimate in the auditing profession, a consequence of the apparent role that auditors played in some of the scandals. SOX mandated that auditors cannot audit the same companies for which they provide consulting services, as this link was perceived to result in audit teams being pressured to perform lax audits in order to secure more consulting business from the clients. There were other provisions in SOX that increased the regulatory burden on the auditing profession in response to lax auditing practicesRead MoreThe Effect Of Sarbanes Oxley On Accounting Essay1253 Words   |  6 Pagespublic company boards, management and public accounting firms. After Sarbanes Oxley law came out, the effects on the whole business market has changed a lot. Also, the law took a big challenge on the governance, tax, implementation and accounting profession. Problem before Sarbanes Oxley The financial report during the late 1990s and early 2000s had less public confidence in the auditor’s performance. The first issues are on the rise of non- audit, consulting and service. At that time, clients wereRead MoreChallenges Faced By Big Data945 Words   |  4 PagesChallenges Although the opportunities for Big Data in auditing are plentiful, there are also challenges that arise. One of the biggest challenges for Big Data is how it may affect the quality of auditors’ judgements. When dealing with large amounts of Big Data, auditors must maintain the standards of independence and professional skepticism. They must not let company’s Big Data findings significantly influence their audit opinion to the point where they succumb to audit risk and issue the wrongRead MoreBig Data And Business Innovation1665 Words   |  7 Pagesways. It has become important primarily for business decision making. One aspect of business that Big Data is now affecting is the auditing profession. Many opportunities exist for Big Data to improve the standard auditing procedure. However, certain challenges may prevent it from assisting in its full potential. In addition to challenges in the auditing profession, Big Data also has its own ethical implications. In this report, all of these facets of Big Data will be discussed in detail. DefinitionsRead MoreAudit Expectations Gap1349 Words   |  6 PagesIntroduction Within the current crisis of confidence in the public accounting profession after the Enron debacle and series of high profile failures of financial services firms, the issues about ‘audit expectation gap’ have never been more important. Though it would take an enormous amount of effort to address these issues, I will argue that tremendous amounts could be done in order to close the gap down. In this essay I will discuss some of these issues and in particular the strategies to reduceRead MoreAudit Planning And The Audit1215 Words   |  5 Pages(International Auditing and Assurance Standards Board)reveals characteristic similarities and differences, which have an overall impact on the performance of the audit. Audit planning is carried in accordance with the guidelines of the specific accounting body. Therefore, in doing so, the Auditor need to identify the jurisdiction under which a firm falls under to establish which standards to adopt. According to PCAOB, an audit planning should be done in accordance to PCAOB standards (Auditing StandardRead MoreInternational Standard On Auditing Standards1745 Words   |  7 Pagesaccounting and auditing standards is desirable. In this essay, I am going to evaluate the challenge of convergence, why it is necessary and the benefit it brings back for an economy. 1. Background International Standard on Auditing (ISAs) is defined as â€Å"professional standards that deal with the independent auditor’s responsibilities when conducting an audit of financial statements†. All these standards are issued by International Federation of Accountants (IFAC) through the International Auditing and AssuranceRead MoreProfessional Skepticism Throughout A Winter Quarter Auditing Internship1437 Words   |  6 Pagesprofessional skepticism throughout a winter quarter auditing internship. Third, as described in PCAOB Audit Staff Practice Alert No. 10, the PCAOB plans to explore meaningful ways to enhance auditor’s professional skepticism. Therefore, contained in section three is a proposal which provides justification for an implementation that may enhance the application of professional skepticism throughout the auditing profession. In culmination of discussing these examples, professional skepticism should stand outRead MoreGenerally Accepted Auditi ng Principles1187 Words   |  5 PagesGenerally Accepted Auditing Principles Generally Accepted Auditing Principles There are many different types of audits including financial statements audit, the operational audit and the compliance audit. Either an internal auditor or an external auditor from another firm can conduct these various audits. â€Å"The American Accounting Association defines auditing as a systematic process of objectively obtaining and evaluating the accounts of financial records of a governmental, business,

Hhgh Free Essays

string(136) " considered when it is fair and transparent, since favouritism might occur; while external channel of recruitment base on the contrary\." Free Human Resources Literature Review richard | October 20, 2011 4 0 Rate This Article Table of Contents [show] LITERATURE REVIEW 1. 1 Human Resource Management In a rapid competitive business environment, the procedures of outlining the role, function and process of Human Resource Management (HRM) within a dynamic and uncertain environment are ongoing for many decades. In the early 1980s numerous books and articles were published by American Business Schools professors to support the widely recognition of HRM concept, and the environmental volatility in today’s contemporary business that specifically identify conflict and heterogeneity (Soderlund and Bredin, 2005). We will write a custom essay sample on Hhgh or any similar topic only for you Order Now Due to its diverse origins and many influences, HRM covers essential aspects of central concern in organisations such as individual, practice, educational theory, social and organisational psychology, sociology, industrial relations, and organisational theory (Soderlund and Bredin, 2005).. To date there is no widely acceptable definition for HRM and what it entirely involves in our daily business world (Brewster and Larsen, 2000). Fewer satisfactory definitions have been propounded by different writer such as (Soderlund and Bredin, 2005), whom perceived HRM as 1) an ‘executive personnel responsibility’, that mainly concern with management activities; 2) classified HRM as management philosophy that concerns with people treatment and, finally 3) discerned HRM as interaction management between the firm and its people. Due the conflicting theoretical conception and hypothetical disagreement about the general acceptance of the definition, Price (2007) definition would be used to in this literature because it better explained and cover huge areas of the study. According to Price (2007): â€Å"A philosophy of people management based on the belief that human resources are uniquely important to sustained business success. An organization gains competitive advantage by using its people effectively, drawing on their expertise and ingenuity to meet clearly defined objectives. Human resource management is aimed at recruiting capable, flexible and committed people, managing and rewarding their performance and developing key competencies†. The dynamic and uncertainty in HR contemporary organisations are tremendously moving towards a radical dimension (Analoui, 2007). Recent debate by many researchers have laid more emphasis about matching and incorporating the HR-department with other strategic functioning departments within organisation (Soderlund and Bredin, (2005); Analoui, (2007); Price, (2007). 1. 2 HR IN A CONTEMPORARY ORGANISATION HR is essentially crucial in today’s contemporary organisations because it induce high-performance management through the use of employees; by enhancing their levels of customer’s service, productivity, growth, profits and quality control (Armstrong, 2000). Lado and Wilson (1994, p 701) outlined a separate interconnected activities, roles, processes and other aspects that are aimed to attracting, maintaining, and developing the firm HR activities in contemporary organisations, such as: 1) planning; 2) recruitment and selection 3) training; 4) performance management; 5) benefits and rewards; 6) compensation; 7) and 8) career development (Banhegyi et al. , (2008) and (Robbins Coulter, (2002). 1. 2. 1 Planning Planning in Human Resource has been discussed in different HRM contexts for many years (Wren, 1994). HR planning was initially an important aspect of ob analyses and was often used as bases for determining strengths and weaknesses among the employees and to develop the skills and competences they needed (Gallagher, 2000). As individual career plans started to gain more popularity, companies gradually started to pay more attention to the certain skills and competences among individual employees as a way of aligning and dealing with t he companies’ succession planning (Kuratko and Morris (2002). As this aspect been scrutinised rigorously by many researchers, HR planning is still a complicating and complex issue of debate within the HR practices (Schuler, 1986). In 1978, McBeath addressed his view of HR planning by highlighting a set of issues that he regarded as being important with respect to the HR planning. These were; An estimation of how many people the organization needed for the future A determination of what ability, skills, and knowledge requires to compete An evaluation of employees ability, skills and existing knowledge A determination of how the company could fill the identified competence gaps Storey (1995) argues that HR planning today is a very important task of every contemporary organization’s HR department. According to him, HR planning mainly involves the identification of skills and competence within the organization, the filling of identified competence gaps, and the facilitation of movements of employees within the organisation. An essential part of the HR planning is the succession planning which aims to ensure the supply of individuals and filling of gaps on senior key positions when they become vacant and replenish competences to areas where they are most valued (Wolfe, 1996). 1. 2. 2 Recruitment and selection In organization the system that responsible for placing diversifies talents throughout is refers to as recruitment and selection processes. The process of recruitment and selection is an ethical approach by a firm to seek and attract the most competent and suitable applicant for a vacant position (Analoui, 2007). Price (2007) inferred that recruitment strategies can be divided in three significant approaches: suitability – the most qualified applicant for the position, malleability – moulded within the cultural norms, and flexibility – the most reliable and versatility employee. These factors are quite complicating and can be easily mistaken during the process of hiring employees. Suitability is a critical aspect hence it mainly concerned with the process of hiring the most suitable applicant for the position. The process of selecting and retaining potential employees is the greatest organisational competitive battle in modern days (Pfeffer, 1994). Having the greatest talent simply implies that the firm will be able to compete aggressively in the market. This phenomenon are quit prevalent in our daily business life and has also pushes organisations to gain a niche by employing the most renowned managers to lead the thriving future. 1. 2. 2. 1 Channels of Recruitment Russo et al. , (1995) cascaded channels of recruitment into external and internal recruitment, and formal and informal channels. Internal recruitment channels mainly involve the use of intercommunication between other strategic areas of the organisation and the entire HR department. This approach enhances the firm to prioritise and target in-house or current employees (Russo et al. 1995; Analoui, 2007). Internal recruitment can be fully considered when it is fair and transparent, since favouritism might occur; while external channel of recruitment base on the contrary. You read "Hhgh" in category "Papers" 1. 2. 3 Training In today’s contemporary organisation, employees ‘skills and knowledge can make a positive impact on the firm‘s productivity (Guzzo, J ette Katzell, 1985). Organisations have to counter some difficulties while training a single or more employees (Ostroff Kozlowski, 1992). Previous literatures argue the affordability of some organisations that eprive themselves for a single individual employee particularly when human resources are limited: this can hinder the productivity on the short term and destabilize the organization (Bishop, 2003). He continues to stress that such perception about training implies that organisation should embark on a cost reduction strategies and focuses on in-house or on-job-training (OJT). Formal training is just one of the possibilities for organisations to enhance the personnel performance level, as important roles are covered also by organizational socialization (Chao, 1997) and multitasking (May, 1997). It was suggested in the early 1990s that organisational socialisation is a fine process for newcomers to source out information’s about the organisation, learn about the necessary tasks and how to perform their responsibility; clarifying their roles and relate with others inside the organisation (Ostroff Kozlowski, 1992). This philosophy was also supported by Rollag Cardon (2003) as they indicated that the process of socialisation within a firm enhance newcomer to incorporate and learn in a well conducive atmosphere. . 2. 4 Performance Management The concept of measuring performance or managing performance within organisations is to strategize how firms can get the utmost benefits from their employees (Dransfield, 2000). The approach to measuring performance can be classified as a three-step approach that composed by objectives, appraisal and feedback. The first step is the setting of performance objectives that are quantifiable, easy to measure and simple to communicate thr oughout the organisation (Dransfield, 2000). After that, the process of performance appraisal should take place (Bredin, 2008). The management of performance includes design of work systems, facilitation of knowledge utilisation, sharing and creation, and appraisal and reward systems (Cardon Stevens, 2004). However, this phenomenon has been supported by different researchers claiming that performance management/appraisal is an outstanding process to determine and supervise employees output within the firm, so as it would be less complicating to ssess and achieve maximum performance (Zhu Dowling, 1997). It is an excruciating process to implement and evaluate a systemic approach that can accurately pinpoint employee who is responsible for results within an organisation (McKenna Beech, 2008). However, outcomes of individual behaviours such as job satisfaction, employee turnover, absenteeism (Dyer and Reeves, 1995); motivation and commitment (Seibert, Silver, Randolph, 2004), are proximal hence human resource processes are inte rconnected. In as much that the human resource practices are intended to achieve result in this area; there effect can also have a tremendous influence on the aforementioned outcomes (Bloom, 1999). 1. 2. 5 Benefits and rewards Eliciting high contributions within an organisational environment is highly essential for the firm as well as the employees (Appleby and Mavin, 2000). For instance, expectancy theories have explicated aspects of anticipated rewards in line with employee’s motivations. This indicated that every employee will have to face with a logical decision in accordance to the present economical circumstance (Tannenbaum and Dupuree-Bruno, 1994). As a result to that employee considerable effort will manifests into an intended realisations and fulfillment of a specific desire outcome. Such manifestation enhances the explanation of the crucial aspect of organisational reward system and how it can be sustain and elicit the firm human capital investment Tannenbaum and Dupuree-Bruno (1994). The conceptions of both internal and external rewards are highly valued by organisations and its employees. Not only the obvious fact that employees yearns more about promotional opportunities, higher pay or better benefits, but also their desires and anguish spins from autonomy, personal growth and valued responsibility. Different authors have suggested the positive relationship, size and the implementation of innovative ideas in human resource practice as a result to economic of scale (Baldridge and Brunham, (1975) and Moch and Morse, (1977). This conception has locus the local firms at greater disadvantage in-terms of retaining or recruiting top-notch talent (Tannenbaum and Dupuree-Bruno, 1994). Figure 2: model for reward management Source: Bratton Gold, 2003, p. 282 1. 2. 6 Compensation According to Patel Cardon (2010) compensation is vital for contemporary organisation as it contributes to attract and retain high skilled workers with superior salaries, and it encourages a desired stakeholder behavior regarding recognition and legitimacy. Minbaeva et al. (2003) inferred that compensation would enhance motivation among personnel too. Even though non-financial compensation can really work as a positive stimulus for the workers, providing monetary benefits is necessary to increase the productivity of the employees on the individual or group level (Gomez-Meja, 1992). Balkin and Swift (2006) suggest a more flexible approach toward the payment issue. They proposed to relate it to the life stage of the organisation with a higher rate of non-monetary benefits during the first years of activity, and a re-equilibration whenever the company enters the mature stage. Non-monetary paybacks are represented by stock options, stocks or other form of equity sharing that enhance the participation and the motivation of employees, while spreading the risks over a larger number of people (Graham et al. , 2002). The aforementioned ownership sharing represents also a long-term planning for compensation, as Graham et Al. (2002) stated, but also short-term rewards exist. These are represented by profit sharing policies aiming to encourage the employees toward group work, or to control the organizational outcomes (Heneman Tansky, 2002). 1. 2. 7 Career development (CD) Many practitioners and scholars within human resource development (HRD) field have claimed that the utmost crucial aspect of the practices is career development (McLagan, 1989; Weinberger, 1998; Swanson Holton, 2001). However, this area of studies has been given little attention (Upton, Egan Lynham, 2003). With the intense competition in the 21 century, many organisations have realised that in order for them to stay competition they have to improve their employees and enhance their career development (Boudreaux, 2001); rather than individual career development (Swanson Holton, Upton, Egan Lynham, 2003). Therefore, many organisations are now taking a proactive measures towards equipping their staffs and educationally (Leana, 2002) or create a climate that supports their staffs at all levels of the organisation to be more resultant and productive (Sullivan, 1999); which Boudreaux, (2001); Brown, (1997) referred to as ‘‘shared responsibility’’. However, learning within an organisation is quite critical and expensive; (McDonald, Hite Gilbreath, 2002). The most common learning methods within organisations are informal (i. e. n-the-job coaching, sessions, lesson learned, development assignment) Power, Hubschman, Doran, (2001) and formal learning (i. e. as training/workshop and other forms of professional training conducted by professional bodies internally or externally (McDonald, Hite Gilbreath, 2002). 1. 3 The importance of HR in organisation The sole aim of HRM is to guarantee that the firm human capitals are being used in the fullest capability to produces the greatest organisation results that meets with the firm needs Nadeem Moiden, (2003) and Gilley and Gilley, (2007). Therefore, the philosophy of empowering employee’s capabilities is coined to the conception that HR is extremely crucial for sustainable competitive advantage and organisational success (Koch McGrath, 2003). HR in organisation is also crucial because its assist managers and employees through a change process (Hendry, Jones, Arthur Pettigrew, 1991). Businesses can gain enormous competitive advantages when their employees are used effectively to drawing on their expertise and ingenuity to meet clearly defined objectives. When organisation recruit the most effective, capable, committed and flexible people; and managed and reward them accordingly their performances, competencies and efficiency would help the firm productivity immensely (Price A. , 2007). Managers that tactfully execute organisational goals depend on the HR practices to deliver excellences so that they can achieve the utmost business performance (Becker, B. and Gerhart, B. , 1996). However, the HRM field has been isolated and misunderstood by many researchers and practitioner, failing to realise that without employees there would be no functioning organisation Argote, McEvily and Reagans (2003). As employees remain the most expensive and reliable asset of the organisation, the practices of HR will remain a vital area of discussion (Becker, B. and Gerhart, B. , 1996). 1. 3. 1 Advantages and disadvantages of HR As many other departments within an organisation encounter, challenges are inevitable and are present in our daily business lives. There are three main disadvantages, or some may refers to a challenges facing HR, namely: 1. Managers â€Å"need to support corporate productivity and performance improvement efforts† (Dessler, 2008, p 87). 2. Employees play an expanded role in employers’ performance improvement efforts† (Dessler, 2008, p 87). All the basics contents associated with high-performance organisation, such as high-technology team-based production, are rather futile without high levels of employee competence and commitment. 3. The challenge, derived from the first two, is that â€Å"employers see that their human resource units must be more in volved in designing – not just executing – the company’s strategic plan† (Dessler, 2008, p 87). 1. 4 Strategic HR roles in dynamic and uncertainty environments Strategic HRM (SHRM) roles consist of strategies executions and formulations. The strategies execution has been the predominant aspect of the SHRM’s strategic job. Strategies formulators always set and margin their formulations in line with the corporate and competitive strategies and aligned the firm policies and practices towards their strategic formulations (Dessler, 2008). In recent years, there has been a trend shift and researchers have now identified SHRM to take an active role with the top managers in the firm to formulate the company’s strategic plans. The gliding competitive environment due to a globalized economy has lead to that many employers are pursuing improved performance by improvement of commitment and competence level of their employees. Dessler, (2008) outlined four strategic tools that could be used to enhances employees abilities and proficiencies, such as employees satisfaction, loyalty, motivation and satisfactions. 1. 4. 1 Employee satisfaction Employee satisfaction is the individual satisfaction as a professional person, that is, the individual has an effect on his attitude. Organization member to its operating characteristic is the cognitive evaluation, employees get through the more realistic values and expectations of the gap between the value obtained after the meeting whether or not all aspects of work attitudes and emotional responses. It involves the work of the degree of organizational commitment and work motivation is closely related (Saari, L. M. , Judge, T. A. , 2004). Superior-subordinate communication is an important influence on job satisfaction in the workplace, in which the way a subordinate perceives a supervisor‘s behavior can positively or negatively influence job satisfaction. Nonverbal messages play a central role in interpersonal interactions with respect to impression formation, deception, attraction, social influence, and emotional expression (Burgoon, Buller, Woodall, 1996). 1. 4. 2 Employee loyalty Employee engagement is personified by the passion and energy employees have to give of their best to the organization to serve the customer. Engagement is characterized by employees being committed to the organization, believing in what it stands for and being prepared to go above and beyond what is expected of them to deliver outstanding service to the customer. Engaged employees feel inspired by their work, they are customer focused in their approach; they care about the future of the company and are prepared to invest their own effort to see that the organization succeeds (Cook, 2008). Engagement can be summed up by how positively the employee: Thinks about the organization; feels about the organization; proactive in relation to achieving organizational goals for customers, colleagues and other stakeholders. Employee loyalty can be divided into active and passive loyalty. The former refers to the subjective staff loyal to the company with the desire (Cook, 2008). This desire is often due to a high degree of organization and employee goals and now there are consistent with organizational help for employees‘ self-development and self-realization factors. Passive loyalty is when the employees themselves do not wish to remain in the organization, but due to some constraints, such as high wages and welfare, transportation, etc. , have to stay in the organization. Once these conditions disappear, the staff can no longer feel organizational loyalty (Cook, 2008). The basic elements of enterprise employees, their enthusiasm on behalf of corporate morale, awareness of their work reflected in the subtle strength of enterprises (Pepitone and Bruce, 1998). 1. 4. 2. 1 Wages and benefits systems Salaries and benefits in the eyes of employees affect their loyalty is one of the important factors. â€Å"Money is not the most important, but no doubt a very important†, whether corporate or professional loyalty, loyalty is established on the basis of material, good pay system to ensure the basic material needs of the employees, will have good professional loyalty, and corporate loyalty (Cook, 2008). 1. 4. . 2 Enterprise human resource management system As indicated above human resource management is compulsory for each company and one of the most important courses; how to send staff to the right on the job, motivate employees, training and study staff, will be affected to some extent, staff loyalty. In the development of the unscientific, resulting in unfair business, become a mere formality, which often occurs. Negative phenomena that affect the performance of their staff, or even result in employees slack, complain more, rumors filled the air, to lose morale. Figure 3 Maslow’s hierarchy of needs Source: Maslow, (1943) 1. 4. 2. Retaining top employees Excellent staff should have: First, high loyalty, company loyalty by recognizing the company’s values, to share weal and woe, and common development; second, right attitude, initiative, and study to make improvements, work hard and willing to do, know that they are doing, those things that do and should not do, great development potential; Third, professional ability, can work independently, with skill, and can continue to improve (McKeown, 2002). The roles of great employees are being productive and increased passion for and commitment to the organization‘s vision, strategy and goals (Cook, 2008, p. 31-32). . 4. 3 Employee Motivation Motivating employees wa s highlighted as an indispensable part of HRM in many studies (e. g. Pinnington and Edwards, 2000; Dessler, 1997; Stone, 2005). Pinnignton and Edwards (2000) divided motivational incentives into two parts: motivating individuals and motivating groups. The former one pays the attention on individual needs and the later one highlight the equity principia. Some incentives played big roles in motivational process, for instance, the good communication between organization and employees (e. g. Ivancevich, Konopaske and Matteson, 2008; Stone, 2005; Dessler, 1997), High Job satisfaction (e. . Lambert, Hogan and Barton, 2001; Wright and Bonett, 2007), Good Payment and treatment (Carpenter and Sanders, 2004) and so on. Meanwhile, relating to the interesting issue on employee turnover often happened in the company, job satisfaction is one kind of factor that influences the turnover intent of employees. Lambert, Hogan and Barton (2001) pointed out that job satisfaction is a key mediating variab le between the work environment and turnover intent, and suggested that managers take the focus on the work environment to improve employee’s job satisfaction, and ultimately lower turnover intent. Carpenter and Sanders (2004) opined that the investment in TMT (Top Management Team) could be way for attracting and retain talent for organization. Thus, it is required, and should be considered into the HRM process too. 1. 4. 4 Employee satisfaction Employee satisfaction is mainly concern with the satisfactions that derived from the individual as a professional person. One common research finding is that job satisfaction is correlated with life satisfaction (Rain, et al, 1991). This correlation is reciprocal, meaning people who are satisfied with their lives tend to be satisfied with their jobs vice visa. However, some research have argued this concept that that job satisfaction is not significantly related to life satisfaction because of their variable such as nonworking satisfaction and core self-evaluations are taken into account (Rode, J. C. 2004). Organization member to its operating characteristic is the cognitive evaluation. Employees get through the more realistic values and expectations of the gap between the values obtained after the meeting whether or not all aspects of work attitudes are emotional responses. This consists of the extent of firm involvement and related motivational activities (Saari, L. M. , Judge, T. A. , 2004). Burgoon, Buller, Woodall, (1996) one of the most suitable means of influencing employees satisfaction is the manners at which superior relate and communicate with subordinators. The meshing and mashing of interpersonal relationships between the two distinctive groups or status plays a significant roles in terms of respect, attractions, formative impression or emotional expression, deceptions and social influences (Burgoon, Buller, Woodall, 1996). Weiss and Cropanzano, (1996) inferred that such immediacy and friendliness will cumulate the essential elements of job satisfaction (Weiss and Cropanzano, 1996). The way employee’s feels and thought that their jobs being appreciated are very much essential in terms of employees job satisfactions (Organ, D. W. , Ryan, K. , 1995); turnover (Saari Judge, 2004); and absenteeism (Wegge, et al, 2007). Job satisfactions ultimately looks at the general aspects of satisfactions employees gained from their work in entirety (Mount Johnson, 2006) How to cite Hhgh, Papers

Information Breach in Acer

Question: Discuss about theInformation Breach in Acer. Answer: The Issue: The problem that occurred in the system of the Acer is the theft of the consumer information. The authorities of the organization on the month of May revealed the incident. The customers who used of the e-Commerce site of Acer from 12th May of 2015 to 28th April of 206 became the victim of the attack ("Acer Online Store Flaw Leads to Data Breach - Security News - Trend Micro USA", 2016). The attack only occurred in the office located in California. It indicates that the security measures of the organization were not up to the current requirements that allowed the attacker to be within the system for such as long time, eleven months. According to the information provided by the organization, approximately thirty four thousand and five hundred consumers information was stolen due to the attack. In addition to that, the attackers specifically stole the personal information and credit card associated payment information such as the CVV number. On the other hand, the authorities of Acer c onfirmed that login credentials were not affected. Organizational background: Acer is one of the biggest names in the computer hardware electronics manufacturing industry. The organization is headquartered in the Xizhi,New Taipei,Taiwan ("Acer | explore beyond limits", 2016). Process of Attack: The system of the Acer made the attacker easy for getting hands on their consumers information. The gaps in the security measures are one of the biggest flaws that the Acer should had looked upon and fixed before the attack began. As the organization used to carry out business in the conventional way rather than using an e-Commerce site, they did not recognize the significance of making their system strong enough to prevent hacking activities ("Acer Online Store Flaw Leads to Data Breach - Security News - Trend Micro USA", 2016). Through utilizing the gaps in the system, the hackers got into the system at first and collected the sensitive information slowly. They did not attempt to hamper the activity of the system so that their existence does not get revealed. Though the authorities of Acer did not reveal the true process of the attack, there are sufficient information to tell that the lack of security policies and unstructured process of storing data became the cause of the losing the customer information. Moreover, the attacker may have used the phishing attack for hacking the system (Meena Kanti, 2014). The Reason: The primary reason for stealing the information of the consumer could be stealing money. As Acer assured their consumer that their bank accounts were not compromised due to that attack, the theft of money cannot be considered as the reason. Another reason behind the attack can be hampering the brand name of the organization. Another reason behind the attack, which makes the previous reason, hampering the brand name of the organization stronger, is personal hate to the organization. Mitigation Process: First of all the encryption techniques should be considered as one of the major solutions for protecting sensitive data of the organization. The encryption can be started as the most efficient and effective process or technique for securing the data. Without the right decryption key the encrypted data cannot be read. It implies that, if somehow the data gets stolen, the attacker cannot utilize the data to hamper the organization as the data is unreadable. It can be suggested to Acer to make use of NIST SP 800-57, one of the strongest encryption algorithms (Barker Barker, 2012). Another way the organization could have avoided attack is storing the information in the most structural way. In addition to that, through storing the data in database in the structural way will allow the site to store, alter and delete the information efficiently and effectively. As the attackers were within the system for eleven months and their presence was revealed after the survey, it can be stated that the organization carries out system survey once in a year ("Acer Online Store Flaw Leads to Data Breach - Security News - Trend Micro USA", 2016). It is highly recommended to Acers technical department to survey the system 4 times a year with two random surveys. This will allow the origination to detect the anomalies in the system at any part of it within much less time. The employees of the organization should also maintain some regulations so that the attack cannot be initiated internally. The workers must not access any malicious and spam website. The system will check the content of any mail which will get in and out of the system (Shcheglov Shcheglov, 2015). References: Acer | explore beyond limits. (2016).Acer.com. Retrieved 10 September 2016, from https://www.acer.com/worldwide/selection.html Acer Online Store Flaw Leads to Data Breach - Security News - Trend Micro USA. (2016).Trendmicro.com. Retrieved 10 September 2016, from https://www.trendmicro.com/vinfo/us/security/news/cybercrime-and-digital-threats/acer-online-store-flaw-leads-to-data-breach Barker, W. C., Barker, E. B. (2012). SP 800-67 Rev. 1. Recommendation for the Triple Data Encryption Algorithm (TDEA) Block Cipher. Meena, K. Kanti, T. (2014). A Review of Exposure and Avoidance Techniques for Phishing Attack.International Journal Of Computer Applications,107(5), 27-31. https://dx.doi.org/10.5120/18748-0003 Shcheglov, K. Shcheglov, A. (2015). New Approach to Data Securing in Information System.Izvesti Vysih UÄ ebnyh Zavedenij. Priborostroenie, 157-166. https://dx.doi.org/10.17586/0021-3454-2015-58-3-157-166