Evaluate the current TM strategy at your workplace Essay

Evaluate the current TM strategy at your workplace - Essay Example In order to get the best yield from the workforce, it is important for an organization to have a clear talent management strategy. However, a significant number of companies do not have any strategy in talent management. However, most of them are in one way or another involved in the activities of talent management but under different titles like talent retention. One of the main distinguishing characteristic of the talent management is its continuity. While the transactional human resource activities are administrative overhead, talent management is a continuous process that delivers the optimal workforce for an organization. In other words, talent management ensures that employees’ productivity is maintained to the maximum levels (Taleo Research 2011). In this process, the human resource becomes the strategic facilitating factors which enable managers as well as the employees in their efforts in creating business value. In many organizations, several methods have been applied to improve employee’s performance. However, most of them have made no attempt to have a talent management strategy. This discussion evaluates the talent management at Saudi Basic Industries Corporation (SABIC) which is located in Saudi Arabia. The company has been ranked as one of the most reliably profitable public companies in the Middle East. SABIC has forty five production sites across the world. The company employs more than 31, 000 people world wide. Such number of human resources could be of great importance to an organization if their talent is effectively managed. The company has applied various measures in an attempt to manage its employees’ talents. The company also has good investor relations, a factor which has contributed to its financial stability. It has severally been ranked as one of the five best petrochemicals in the world. The success of the company has been triggered by three

Case study 2- A Taxing Issue Example | Topics and Well Written Essays - 250 words

2- A Taxing Issue - Case Study Example In fact, the government should promote incentives for those who increase their annual earning beyond a certain limit. I argue that for one to increase their annual earnings beyond a particular mark implies more job creations and more life to the economy. The government should also focus on cutting expenditure in sectors like defense to avail more funds for development. It is not fair to have different tax rates for different income groups. Discriminatory taxation based on one’s income group leads to reduced private investments. Most private investments consider profitability of their businesses. I therefore argue that increasing tax those with higher incomes will lessen the appetite for private investments. The government should only use a uniform taxation system. When running a small business, many financial factors shall influence in my hiring. The tax rate is arguably one of the main financial factors to consider when hiring (Kennedy 69). In addition, I shall consider funding and operational costs (Kennedy 207). In funding, equity versus debt considered where debt is loan and equity is the capital one

What is the difference between management and leadership Essay

What is the difference between management and leadership - Essay Example Leadership refers to the task of guiding people towards the achievement of some specific goals and objectives. According to Cherry (2010), leaders encourage their followers to utilize their full potential and get new opportunities to learn. They view the need for change as an opportunity for their followers to grow in their professional lives and increase their levels of productivity (Elkington, 2010). They motivate people to use their skills and abilities to get their personal, social, political, or organizational needs and demands fulfilled. The role of leaders in the process of goals achievement is to identify the need of the followers, make them aware of their responsibilities to fulfill those needs, design and give an effective strategy to the followers, and motivate them to continue putting efforts to achieve the goals. On the other hand, managers do things in a programmed manner. They do everything to fulfill organizational needs and hardly focus on the needs of employees. Another difference between leaders and managers is the way they develop policies. Managers always think incrementally and set priorities and goals according to the needs and limitations of the company’s policy. On the other hand, leaders think radically towards bringing change in the current policies and organizational structure. They do everything to meet the interests of their followers. This difference shows that managers always have to follow the policy of their respective organizations in carrying out any job related activity, whereas leaders are independent in doing whatever they want and whichever way they want. They listen to the concerns of their followers and guide them in all phases of all social, political, and organizational movements. They work for collective interests to get things done collectively. Managers monitor and control the activities of their employees. They do so to achieve

Essay Writing Example | Topics and Well Written Essays - 1500 words

Writing - Essay Example Before delving deep into the governance and economic systems of CBRM, is it important that we consider the problems faced by the province in recent years. It had once grown into an industrial slump, hit by depression and uncertainty. CBRM was perhaps was affected more than any other province in Canada. This gave rise to poor financial condition, poverty and unemployment. Thus, formulating the fiscal and economic policies has become a challenge for CBRM in present times. This paper aims at examining the governing system of CBRM, it fiscal and economic sustainability and policies for the same. This paper throws a good amount of light on the practices, policies undertaken and their outcomes. CBRM holds an important position when it comes to local administration (Impressions of Cape Breton, 1986, p 263). The crisis of DOSDO during 1966- 1967, has shaped up the political map of CBRM. Since then local political sensibility has controlled CBRM’s development, though political strategies implemented by the new government has succeeded in lessening political fragmentation within the province (Gagnon and Keating, 2012, p 110-111). In spite of following the policy of no amalgamation with other municipalities within the province of Nova Scotia, all the municipal corporations cooperate with each other. Generally municipalities which share any similar characteristics cooperate with each other. Thus there exists a relation based on cooperation among CBRM and another municipality HRM. The revenue that is earned is divided among the amalgamated provinces. Therefore, conflicts often occur over fair distribution of provincial revenues. Also, political lobbying also has its say wh en it comes of attention from Canadian government and share of resources (Sancton and Andrew, 2009, p 168). The amalgamation took place as a measure to reduce the annual expenditure. It was

Contemporary Developments in Business and Management Assignment

Contemporary Developments in Business and Management - Assignment Example The elements of the general environment are the political systems, economic systems of societies, socio-cultural elements, technological systems of societies, ecological systems, and legal systems. The task environment is the segment of the external environment with which an organization interfaces on a regular basis and is of immediate interest to the organization. It is within the organization's control. The elements of the task environment are the customers and clients, competitors, suppliers, labor supply, government agencies, etc. Guinness is in the beer brewing industry founded in 1759, with breweries (by way of license arrangements) in almost 50 countries and exports to around 150 countries. Next, the beer industry's policies and decisions are analyzed with regards to political influences. This is followed by using Robert Miles's dimensions of corporate social responsiveness to determine the effectiveness of the industry's response. Lastly, recommendations for improvement in t he response of the industry are made. Alcohol is a dependence-producing drug that causes detrimental societal and physical effects. According to the World Health Organisation (WHO), it leads to diseases, early mortality, accidents, and violent crimes. Due to these social influences, the beer industry operates within a tight legal environment. Legislation exists in various nations to curb the advertising and excessive consumption of alcohol. Examples include control on drunk driving, operation hours of pubs, advertising, distribution, and even import controls, such as in Sweden. Another external influence to which the beer industry is subjected is the economy. Beer as a luxury product  depends on the economy to stimulate demand. With the economic development of the developing nations, the demand for higher quality beverages, and hence beer is set to grow. Ecologically, beer brewing contributes to global warming by emitting carbon dioxide. The use and disposal of bottles and packagi ng also contribute to environmental pollution. Hence, beer brewing is a cause of concern for many environmentalists. Technological influence is not as great as political influence in the beer industry. No doubt, the proper application of technologies such as the brewing facilities and the bottling and packaging technology could help to cut costs and increase efficiencies. However, technologies may be imitated by competitors and any competitive advantages will soon disappear.

The differences between Western and Chinas education Essay

The differences between Western and Chinas education - Essay Example The same is related to teachers. Their salary, unlike salary of Western teachers, depends on how well their students study. Another difference is that in China children do not choose subject they can study. They have to study all the subjects the school teaches. Only in high school children are allowed to choose some subjects. In Western education children can choose more subjects – they have more freedom in choosing certain specialization. Grades for each subject in China depend mostly on results of tests. While in the Western system assignments completed during each week add to the final grade, tasks that Chinese children do at school do not count to the final grade. The final grade depends on exams. Besides, grades for tests and exams are shown to everybody. As a result every student knows what grades have other students. A teacher then praises students that have good grades and criticized bad students, ties to encourage them to study better. Also the best students get rewards for their excellent grades, even money from school. On contrast, Western schools disclose to a student only his or her grades. In China children spend most of the day at school and evening at extracurricular classes. So those that want to enter a university come home at 9 in the evening. At the same time, western children spend less time studying and have more free

Alcoholics Anonymous Meeting Experience Paper Essay

Alcoholics Anonymous Meeting Experience Paper - Essay Example It was on the latter end of the session when Ms Jenny linked the reading to alcoholism. This is where people started to share insights past and present on how family relations based on their own families were affected by alcohol. I thought the meeting was done in a relaxed atmosphere and the feeling of support was all around the place. I thought it was effective for the people to sit in a circle so that the group saw and heard each other with ease. The article was very effective in evoking insights on alcohol. The facilitator didn't start to pose questions to people, rather, the article led the discussion. It was able to open up discussion on alcoholism without much effort in asking people to share. I believe the meeting being not too short and too long is essential in keeping the people inspired to attend. Most of them were enjoying the sessions and this is important to keep the patients sustaining their commitment to the program. At first I was excited to get into the exercise but when I arrived early and saw Ms. Jenny and the seats arranged in a circle, I began to be nervous. I felt so incapable of the task because all my expectations came from media and television presentations that visualized the Alcoholics Anonymous as a stressful outpouring of emotions.