Capital Budget Methodologies There are a number of different methods (e.g., NPV, ARR, payback, or IRR) that can be used to evaluate whether an organization should approve a particular project. Each method has specific advantages and disadvantages based on the scenario in which the...
There is a delicate balance between legal requirements, ethical responsibilities, and human reactions' effect on employee evaluation and feedback. Organizations need to design performance systems that are both legally compliant and perceived as fair by employees. By ensuring fair and ethical employee evaluations, the performance...
The value of negotiation in labor management relations is such that both parties bargain in good faith and are able to come to agreement on all mandatory collective bargaining items. It is important to understand details of this process to avoid an impasse. A strike...
Maya has just been hired as the chief executive officer (CEO) to turn around Phoenix Solutions, a once-thriving tech company now struggling with declining revenues, high turnover, and employee engagement scores that are taking a nosedive. During her first week, Maya discovered that the performance...
The CEO of your organization wants to improve employee morale. Recently, she went to a conference at which she heard people talking about “open-book management.” According to the conference attendees, many companies have achieved good results by sharing all of their financial statements with employees....
Jamie stared at the notification on her screen: "Your quarterly performance review is scheduled for tomorrow. AI-assisted insights are available for preview." As an employee at TechFusion, she had seen the company revise its approach to performance management over the past year. The old system...
Assignment Details Case Study After much labor and management conflict, this integrated managed care consortium and over 25 unions created the Labor Management Partnership (LMP). Today, it is considered a model of union and labor partnerships for the future of labor and management relations. This collaboration...
Traditionally, the activities of labor unions have supported the development of gains for the American worker. As labor unions negotiate with management, those gains set a standard for other nonunion organizations. The United States has enacted a number of laws that protect workers, such as the...
Importance of HR PlanningWhy is HR planning an important activity? What are some of the advantages of HR planning? What bad situations can proper HR planning prevent?Innovative RecruitingBig tech companies, like GoogleLinks to an external site., have been in the media recently due to a...
Despite having a formal performance management system in place, companies may, at times, find that employees and managers are not effectively trained to conduct performance reviews. Some common concerns include giving high ratings to avoid difficult conversations and focusing on an employee’s recent mistakes while...