Deloitte and Touche Case Study:
In this analysis/essay, I will critically evaluate a given case study based on organisational wellness. First I will highlight four critical success factors of a wellness program and thereafter I will link those success factors to employees suffering from burnout and exhaustion in the South African retail industry and how they can be adopted to improve both burnout and exhaustion. Finally, the analysis/essay will be concluded by summarizing the key findings of the case study.
Based on the content covered in the organisational wellness case study on Deloitte and Touche, it is clear that organisational wellness is an integral part of an organisation’s success and survival within a particular market
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This helped Deloitte gain useful knowledge as they gained the necessary data to understand that their employees wanted resources to support and enhance their well-being. Deloitte thereafter started providing more learning opportunities to their employees by developing workshops which address matters concerning fatigue and offered teachings on how to enhance performances through energy management (Corporate Wellness Magazine, n.d.). This ultimately goes to show that having the right analytical tools in place and collecting the correct data from these tools will ensure you know exactly what it is your employees want/need and you can thereafter make the necessary adjustments to ensure that each and every employee is satisfied in that regard. This, as a result, will create a psychologically healthy workplace where employees can perform to the best of their abilities, enhance their performances and effectively manage their energy (Grawitch, Trares & Kohler, 2007).
3) Employee and Leadership buy-in:
Ensuring that both employees and leaders buy into the wellness initiative is imperative and their participation in the program is key to the program’s overall success (Advanced Plan for Health, n.d.). In terms of the case study provided, over 3000 professionals- a figure which wants to be doubled by the end of 2017- within Deloitte have already participated in the pilot program. According to Jen Fisher, the pilot
Note: Due to the issuance of certain new accounting literature, changes in the status of ongoing projects during the past year, or evolution of practice, the following updates to the existing cases should be noted.
SKS Manufacturing has recently hired Deloitte & Touche as they are in a critical cash position with various internal inefficiencies in their procurement and production processes. Deloitte & Touche and SKS Manufacturing will need to work together in order to solve the issues present at SKS Manufacturing so they can be successful within the automotive parts industry.
Waterhouse, Ernst & Young, as well as, McKinsey, BCG, Booz Allen and CSC Index. Industry-wide,
• In this case Deloitte & Touche Consulting Group was tasked to come in and consult with SKS Manufacturing, an auto supplier, in order to fix their inventory problems along with other issues the company was facing. Maria Chen would lead part of the team for her first time on this 12-week engagement, but would in occur some difficulties throughout the first 6 weeks of the project. The Deloitte team has a lot of work to do before the end of the engagement in order stabilize the company and prepare them for a more radical long term project that plans to “reengineer” their business process. Most of the responsibility for the slow start on the project is resting on Chen’s shoulders due to the choices she has made during the first half
The group project, Macmillan and Grunski Consulting, consists of two sections. The first part explains the case about discounted cash flow analysis, by answering the given nine questions. The second part discusses the retirement planning.
Communication of wellness activities is important in the workplace. In order to get employees involved in the wellness programs that a company has to offer, many times wellness teams in addition to promoting a regular fitness routine, they will hold a variety of competitions that could include weight loss competitions for a certain period of time. Other competitions may be available for employees who cannot exercise due to physical complications. Wellbeing in the workplace can also include preventive care webinars, stress management seminars; financial 401K planning for the future, smoking cessation, community opportunities and getting involved in charitable events. Some companies are bringing chair massages into the workplace. Some employers believe it makes employees happy, is a stress release, and spiritual uplift.
Communicating to employees regarding launching a new Wellness Program in the workplace can be tricky. Sometimes companies may have wellness programs however,
Using Analytical Procedures as Substantive Tests By Frank A. Buckless and D. Scott Showalter, NC State University
While it is clear that Pitney Bowes is a pioneer with employee health there are still areas that can be improved as they continue to strive for innovation and improvement. Pitney Bowes has around 12,000 ‘dispersed employees’ based over 600 client sites averaging 39 years of age and who tend to earn a lower income than employees at their corporate facilities. This group of people being dispersed is inherently going to be detached from the culture of health within the organization. This is especially problematic because this group of employees tends to represent the people who need help the most. Critelli explains, “It is critical to our bottom line that we find a way to bring them in to our culture of wellness” (Porter & Baron, 2009, p. 18). You hear that ‘attitude is everything’ from the time you are a child, this is no different in the corporate world. Pitney Bowes’ programs will continue to thrive and the health of
Best health practices and worksite wellness program is about engaging with employees to understand what they want, taking a tactical method about looking at health holistically. According to Lacoma, (1999 -2014), these worksite wellness programs are intended to help the workers upgrade their health and maintain healthy lifestyles. This package includes exercises, variety of care and treatment for various illnesses (mental and emotional health), healthy food, on time check up reminders, outlined health checks assessments, consultations and therapy. Moreover, Engelman (2012) determined that many of the conditions impacting workers were preventable and requires increased amounts of education, screening, encouragement and benefits to help understand how these affect the quality of their lives. These shifts gained prominence during the 1990s from increased research, about the importance of prevention and the advantages it can provide employers inside the marketplace.The recent Affordable Care Act workplace wellness provisions on implementation and expansion of employer wellness programs serves a great means to offer great opportunity of improving the citizen 's health and also control health care spending. The effectiveness and benefits of such programs should be evaluated to encourage opportunities to support healthier workplaces (Kisberg, (2014).
Ellen Zane had her work cut out for her at Tufts-NEMC. The Tufts University affiliated teaching and research hospital had long been on the decline. It was mired in financial difficulty, was falling behind other teaching and research AMCs, and was not effectively serving its local community. Beginning on the day she accepted her position as CEO, Ellen Zane started on a path of reform. Upon learning that the hospital only had 10 months of cash on hand, she began brainstorming on how to make the hospital financially viable, starting by meeting payroll needs first. She discovered that Tufts-NEMC was being drastically underpaid and began looking for solutions to the problem of reimbursements. One of the more
Wellness in the workplace needs to be taken seriously by all employers, and employees. There has been evidence that making sure employees eat healthier leads to lower call out rates and more savings on health plans. In an article in Employee Benefits magazine it states that “Wellness management does not need to be complicated, or costly. A few simple steps could help to mitigate long-term problems, such as introducing early intervention activities that red flag cases identified via an absence reporting mechanism, the proactive management of musculo-skeletal conditions and stress, introducing a smoking cessation program or running regular health wellbeing days. “Workplace wellness as a concept has been used extensively in recent years by management in business and industry, health professionals, fitness experts, and others. This is a policy that should be implanted in all jobs. Wellness may not
The main problem at Deloitte & Touche in January 1991 was to retain talented woman in the company. Hiring and retaining the same percentage of man and women has always been a strategic priority for the company. In Deloitte & Touche were hired the best students, naturally half men and half women, soon after their graduation (in audit and tax services business) or after an MBA program (in the consulting business); they were trained and given a mentor. The new employees began as staff accountants, then they could become semi-senior, manager or senior manager and finally, after 10 to 12 years senior managers could obtain the major promotion: to become a partner of Deloitte & Touche owning a certain
I believe that we need to address three very important challenges in order to persuade all the employees to participate in our wellness program. First, making the employees understand that this program is entirely for their benefit, second, convincing them that the results of the physical will be entirely confidential and third, persuading the employee’s spouses also to participate in the program.
The group project, Macmillan and Grunski Consulting, consists of two sections. The first part explains the case about discounted cash flow analysis, by answering the given nine questions. The second part discusses the retirement planning.