Kirklin_Hannah_crit_resources

Explain the concept of Total Cost of Ownership (TCO) in IT resource management and its importance in decision-making.

When large-scale redundancies are announced, it is common practice for a firm to consult with employees’ representatives (usually, trade unions) to agree a rational basis on which to make the redundancies. Several sets of criteria are in common use: (1) FIFO (First In, First Out), is less frequently used but is often attractive where there are many long-standing employees at the top of their pay scale, hence their leaving will significantly ease the salary bill; (2) LIFO (Last in First Out) is often seen as fair in that those employees who have been with the company the least length of time have less personal stake in the company; (3) Measured Employee Performance is based on the view that the firm would prefer to keep the best workers; and (4) Commitment, often measured in terms of disciplinary record is also based on an argument that the organisation will try to keep people who will work well.1. Which of the above options is the most ethical choice, and why?

When large-scale redundancies are announced, it is common practice for a firm to consult with employees’ representatives (usually, trade unions) to agree a rational basis on which to make the redundancies. Several sets of criteria are in common use: (1) FIFO (First In, First Out), is less frequently used but is often attractive where there are many long-standing employees at the top of their pay scale, hence their leaving will significantly ease the salary bill; (2) LIFO (Last in First Out) is often seen as fair in that those employees who have been with the company the least length of time have less personal stake in the company; (3) Measured Employee Performance is based on the view that the firm would prefer to keep the best workers; and (4) Commitment, often measured in terms of disciplinary record is also based on an argument that the organisation will try to keep people who will work well.1. Which of the above options is the most ethical choice, and why, Explain?

Jane operates a small IT consulting firm. Her company supplies services to a Fortune 500 company, Megacorp, through a regular contract. She estimates the costs of completing assignments for this company and tracks the costs of completing the various jobs. She finds that her estimates are generally on target-sometimes she is a bit high; sometimes a bit low. On average her estimated costs of completing work for her client match the actual costs. Megacorp reduces the number of assignments made to Jane's company and Jane decides to bid for new assignments with other clients. Jane wins bids to provide IT consulting services to three new clients and finds that her estimated costs of completing the jobs are well below that actual costs of completing the jobs. Please use auction concepts to explain this outcome. Briefly explain. (Hint: The correct answer to this question is much shorter than the question itself.)

The decreased emphasis on job levels should encourage employees to make cross-functional moves to jobs that are on the same or an even lower level because their pay rate would remain unchanged. Broad banding allows for more flexibility within ranges, allows more movement of employees within the ranges, and can reduce the need for promotions. The use of broad-banding has declined in recent years because each band consists of a broad range of jobs and the market value of these jobs may vary considerably. Unless carefully monitored, employees in jobs at the lower end of the band could progress to the top of the range and become overpaid. The challenging question here is What does effect the relationship between “Job Worth” and “Average Hourly Pay” based on the Pay Grades and Range? Design the answer max. 1 paragraph (5 lines includes) MS WORD format.

The decreased emphasis on job levels should encourage employees to make cross-functional moves to jobs that are on the same or an even lower level because their pay rate would remain unchanged. Broad banding allows for more flexibility within ranges, allows more movement of employees within the ranges, and can reduce the need for promotions. The use of broad-banding has declined in recent years because each band consists of a broad range of jobs and the market value of these jobs may vary considerably. Unless carefully monitored, employees in jobs at the lower end of the band could progress to the top of the range and become overpaid. The challenging question here is What does effect the relationship between “Job Worth” and “Average Hourly Pay” based on the Pay Grades and Range? Design the answer max. 1 paragraph (5 lines includes) MS WORD format.

The New Therapy Company is soliciting a contract to provide five nursing homes with physical, occupational, speech, and respiratory therapists. The therapists will rotate among the five nursing homes. The therapists have not yet been hired, but the nursing homes expect them to be fully trained and ready to go to work in three months. The previous therapy company lost its contract because of high staff turnover owing to employee “burnout” (a common problem in this field), high costs, and low-quality care. The nursing homes want a plan specifying how the New Therapy Company will meet staffing needs, keep costs low, and provide high-quality are. Assignment 1. Working in a group, discuss how the New Therapy Company can meet the deadline and still ensure a high quality of care. Also discuss the following: a. How many of each type of therapist will the company need? b. How will it prevent therapists from burning out? c. How can it retain experienced staff and still limit costs? d. Are…

Richard has been a highly regarded employee of the Brier Corporation for almost 20 years. Her loyalty to the company is reflected in her dedication to her job as general accounting clerk from which she has not taken a vacation in almost 12 years. the Brier Corp to reduce its work force through attrition, control salary expenses and become more efficient and competitive. The following describes Richard’s responsibilities. Because of her dedication and long tenure, she has acquired many related responsibilities, which has allowed   Richard receives copies of credit sales orders from the sales department. From these documents she accesses the AR subsidiary ledger from her office computer and records the AR. She then records the sale in the sales journal and posts the transactions to the general ledger accounts. Cash receipts in payment of customer AR come directly to her office. She records the cash receipts in the GL cash and AR accounts and updates the AR subsidiary ledger. She then…

Paige Turner has been working in a law firm for the last two years and has been bullied by her manager ever since she joined. She is given targets that are impossible to complete within the given time frame. When she is unable to complete her work, her manager admonishes her in front of everyone. In addition, Paige is not invited to take part in discussions that involve making decisions about client's accounts, which are being attended by all other team members.Identify TWO (2) types of workplace discrimination that are evident in this scenario. Justify your answer.

Staffing within the context of planning case studies represents a critical component influencing the execution and success of strategic initiatives. These studies often explore how the allocation of human resources, skills, and expertise aligns with the envisioned plans. They scrutinize the challenges and opportunities related to staffing, such as talent acquisition, retention, and skill development. Additionally, planning case studies delve into the role of workforce diversity, inclusion, and capacity-building in augmenting an organization's ability to adapt and innovate. The effective utilization of staffing resources, their alignment with strategic objectives, and the nurturing of a talented and motivated workforce are recurring themes within these studies. How can organizations balance the need for specialized skills and diverse perspectives within their staffing strategies to maximize their planning and implementation outcomes?

You are the Laboratory manager of a medium sized 120-bed hospital, and you are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is possibility that a budgetary cutback will be needed to alleviate the situation. Each departmental management is being given one week to plan how to accomplish a cost reduction of 10% within his/her department. Should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Issues and Questions to Consider: 1.Identify the steps in developing short0term goals to address the potential reduction in resources described above 2.What type of information will you need to gather to assess your current state and develop a plan?

Is the following statement correct?   Vertical integration is the process of a company expanding its operations either backward into an industry that produces inputs for the company’s products, such as raw materials or product components. For example, producing car batteries is an input of the automotive industry but can also be integrated vertically. Vertical integration can also be done forward into an industry that uses, distributes, or sells the company's products and it moves to the final delivery of the product to the customer. The parallel shifts from car ownership to the mobility of demands change the automotive industry. Car manufacturers test different business models, such as car sharing, in order to morph into mobility providers which is a typical forward integration strategy.   Please choose an answer: True Not correct

Performance management is a systematic process aimed at improving organizational effectiveness by aligning individual and team performance with strategic goals and objectives. It involves setting clear performance expectations, monitoring progress, providing feedback, and rewarding achievement. Effective performance management encompasses several key components, including goal setting, performance evaluation, development planning, and performance-related rewards and recognition. By establishing measurable objectives and regularly assessing performance against these benchmarks, organizations can identify areas for improvement, address skill gaps, and optimize resource allocation. Moreover, performance management facilitates employee development and career progression, fostering a culture of continuous learning and professional growth. Additionally, linking performance to rewards and recognition reinforces desired behaviors and motivates employees to excel in their roles Ultimately, a…

Discuss the challenges organizations may face when acquiring IT resources and how they can mitigate these challenges.

In the context of IT resource acquisition, how do organizations balance upfront costs versus long-term value?

Explore the concept of Total Cost of Ownership (TCO) in IT resource acquisition. How is TCO calculated, and why is it important for decision-making in IT investments?

MyBike Enterprise The employees at MyBike Enterprise are integral to company success. The company builds custom bicycles for its customers. Its ability to build quality bicycles to specification has become a competitive advantage. At My Bikes, customers will place order based on their own specifications. Upon receiving orders, the labour will work in teams to build the bicycles. There are between six to eight different steps in building the bicycles. The teams at My Bikes comprised of workers that have knowledge of only one or two steps. Few have knowledge of all eight steps. At the end of the day, workers at MyBikes will receive an hourly pay rate plus team-based bonus payment for each bike that is built on time and with no defect. Questions. a. In your opinion, is it effective for MyBikes to use hourly pay rate to pay its worker? Justify your answer. b. Discuss ONE (1) potential compensation issue that might arise from the fact that only few employees know all eight steps to build a…

Akeley is a student working toward a bachelor’s degree in finance. In order to gain some work experience and increase her marketability, she has accepted a summer internship in the finance department at a pharmaceutical company. She is quite pleased with the pay: GH¢15 an hour is more than other students in her cohort receive for their summer internships. At work she meets Joshua, a recent graduate working as a middle manager in the same finance department. Joshua makes GH¢30 an hour and is dissatisfied. Specifically, he tells Akeley that, compared to managers at other pharmaceutical companies, he makes much less. “It isn’t fair,” he complains. “I work just as hard as they do, yet I don’t make as much. Maybe I should go work for the competition.” Required: 1. Based on your knowledge of organizational theory, discuss four main options you think are available to Joshua who perceives inequity?

Akeley is a student working toward a bachelor’s degree in finance. In order to gain some work experience and increase her marketability, she has accepted a summer internship in the finance department at a pharmaceutical company. She is quite pleased with the pay: GH¢15 an hour is more than other students in her cohort receive for their summer internships. At work she meets Joshua, a recent graduate working as a middle manager in the same finance department. Joshua makes GH¢30 an hour and is dissatisfied. Specifically, he tells Akeley that, compared to managers at other pharmaceutical companies, he makes much less. “It isn’t fair,” he complains. “I work just as hard as they do, yet I don’t make as much. Maybe I should go work for the competition.” Required: 1. Explain with the appropriate theory in organizational justice, how someone making GH¢30 an hour could be less satisfied with his pay than someone making GH¢15 an hour and be less motivated as a result? 2. What is organizational…

Discuss the concept of Total Cost of Ownership (TCO) in IT resource acquisition, and explain how it factors into decision-making for IT investments.

Janice Brown is employed by Starport Hardware Limited as a store clerk. One day she was inthe store arranging some items on a top shelf, the ladder she was standing on collapsed and shesuffered a broken arm and leg. The doctor told her that she had to a major surgery and it wouldtake approximately three months for her to heal enough to return to work. She is very concernedabout how she would pay her medical and recurring bills during this period. Her colleaguevisited her a week after the accident and told her about workers compensation. She is unsureabout the concepts and seeks your help to answer certain questions. A. Explain the concept ‘workers compensation’ B. Discuss the main objectives of workers compensation.C. Explain to Janice how workers compensation can assist her.D. Self-insurance is connected to workers compensation. State what isself -insurance and outline three advantages of it.

You are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. What criteria will you use to determine the best plan of action?

Engineering organizations are not immune to the difficulties of filling with qualified persons the various positions identified in the organizing stage. As outputs of engineering firms are produced by people under the supervision of engineer managers, errors in the performance of jobs may not be easily discernible. As such, staffing must be treated with serious concern. Staffing deals with the determination of human resources needs recruitment, selection, training, and development. For your activity, you need to research and prepare a forecast of the human resource needs of an engineering firm.

The Marketing department of Luminus group holds five employees, one supervisor and one middle manager who is the department manager. Riyad One of the five employees and has been working in the company for 15 years, he is an expert in his work and is loyal to the company. While Razan is a new employee, who was hired two weeks ago and still learning her tasks and has high loyalty to the company as well. Their supervisor (Omar) cannot decide how to treat these two employees. Explain how he can do the managerial functions differently between the two employees, then explain what leadership style can he uses.

You are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Identify the steps in developing short-term goals to address the potential reduction in resources described above.

Staffing is a critical function within an organization, encompassing the identification, recruitment, selection, and placement of individuals in various roles to achieve the organization's objectives. Effective staffing involves not only finding suitable candidates with the necessary skills and qualifications but also ensuring a cultural fit within the organization. The staffing process begins with forecasting the workforce needs based on the organization's goals and then moves on to the recruitment phase, where potential candidates are sought through various channels. Selection involves evaluating candidates through interviews, assessments, and other methods to identify the best fit for the job. Proper staffing contributes significantly to organizational success by building a competent and motivated workforce.   Question: How does the organization balance the need for external talent acquisition with internal development and promotion to ensure a well-rounded and sustainable staffing…

You have decided to enter into a time and materials contract with a supplier for your project. The project will require two different types of labor categories, the first which charges $200 per hour and the second which charges $175 per hour. The project requires 50 hours of the first labor category and 40 of the second. You will also purchase $5,000 of tools and equipment with no fee and $25,000 of materials with a 2% fee added on. What will you owe on this contract?     $47,000     $47,500     $41,750     $47.600

If Mr. White proceeds with the manufacturing expansion he feels he will need to alter the current compensation package for his sales team in order to make sure Cottage Living can sell the additional units at market price. In an attempt to retain talented salespeople he has previously offered a very competitive yearly salary of $70,000 plus benefits and 4 weeks paid vacation. This pay structure has worked well in the past to attract loyal employees and to create a positive work environment at Cottage Living. There are currently 5 permanent salespeople. However, given how strong demand in 2019 and 2020 for Cottage Living products has been Mr. White feels that his sales team has been lacking motivation. They have also been taking their vacations during high demand months from May-August (he is not interested in dictating when people take their vacation). He is worried that if there is an increase in Cottage Living’s inventory, the poor sales habits that his team has picked up during the…

Banyan Industries has two divisions, a tax rate of 30%, and a minimum rate of return of 20%. Division A has a weighted average cost of capital of 9.5% and is looking at a new project that will generate a profit of $1,200,000 from a machine that costs $4,000,000. Division B has a weighted average cost of capital of 9.5% and is looking at a new project that will generate a profit of $1,350,000 from a machine that costs $5,000,000.   Required: Calculate the EVA for each of Banyan’s divisions. Calculate the residual income (RI) for each of Banyan’s division. If Banyan uses EVA to evaluate the projects, which division has the better project and by how much? If Banyan uses RI, which division has the better project and by how much? What are some of the reasons for the similarity or difference that you found in the use of EVA versus RI?

Adham is the HR manager at XYZ Company since 2013. Adham successfully performs various HR activities including recruitment, selection, appraisal, pay, and so forth. However, when it comes to performing job analysis tasks, he always seeks the assistance of an HR external consultant. Adham has lately been preparing information relating to the "digital marketing expert" vacancy. He has mentioned that the candidate is expected to: (1) hold a bachelor's degree in marketing, (2) have two years of experience in the digital marketing field, and (3) be fluent in English and French. Once Adham finished preparing the necessary information, he contacted the HR consultant for further assistance. The scenario shows that the form of outsourcing taking place is and that the HR consultant will most likely advise Adham to place the above-mentioned points under the announcing the vacancy to the public. section before Discrete services outsourcing job specification Business process outsourcing, job…