Introduction to Business Studies

the welfare of their employees and how they want to keep their employees satisfied in turn

Ability to raise capital internally. This is important in case of a hostile takeover. Many promoters have been increasing company holdings. Investors with at least 26%

Premium brand name, proven management team, lower costs/ higher margins, diverse workforce, higher consumer demand. I think these are definitely likely to change simply cause who knows how long you can maintain a low cost, high margin company. Anything can happen.

Highly skilled, loyal workers that provide steady employment throughout the year. Employees are the foundation of this firm and keeping them happy and loyal lowers the chances of disputes and improves production and efficiency.

Helen’s is an upmarket fashion boutique store in Sydney’s east. Falling sales have been reflected by surveys that reveal consumers view the business as outdated and no longer relevant to consumers’ needs. Strong competition in the area has placed considerable pressure on pricing. The business’s target market, 50-65 year old females, no longer dominated the now younger demographic character of the area.

Many times people hired do not end up staying, leaving the organization understaffed and out the expense of the classes the employees received.

Many employers hire temporary workers because of the benefits they bring to the firm. According to Martocchio (2016), temporary employees are a cost-effective way to replace permanent workers who are on approved leaves of absence, which facilitates business continuity. Moreover, they do not receive discretionary benefits such as medical coverage. Similarly, as the business needs change, employers face the flexibility to keep staffing levels optimal. Notably, temporary employees help minimize overall staffing expenses since their presence can keep regular workers productive and not overworked. Martocchio (2016) adds that employers hire temporary workers for experience and expertise lacking in the business. For example, entities employ IT specialists and creative people to fill short-term needs. Finally, according to Martocchio (2016), hiring contingent workers allows employers to assess performance of employees for potential

It’s extremely costly to hire new staff. The money saved by keeping the staff you currently have reflects in the company’s profits.

Easy to attract quality applicants due to culture, profit share and Employee Share Purchase Plan, and decent salaries.

The decision to control how an organization uses temporary labor - or perhaps more accurately, staffing providers - is typically one born of a desire to eliminate redundancy and improve the cost efficiency of using temporary workers as a part of the workforce. The need to determine a way to better manage temporary staff procurement is frequently revealed by a series of events that highlight that the company is using what feels like an unreasonable number of staffing providers.

Aristotle once quipped, “Happiness depends upon ourselves.” It has been proven, in my opinion, that his assumption is correct. We must make decisions and go after our dreams to make ourselves happy. I believe that being a part of the Business Scholars program is one brick in the foundation of my happiness.

Any organization contemplating outside sources to recruit hire and train employees for its organization are often time faced with the same advantages. One of the main advantages of using temporary staffing employees is to reduce the uncertainty associated with a changing and unpredictable environment as stated previously. The use of temporary employees allows the employer to easily discard of workers without guilt, legal for example, (the case of Flexible Staffing Solutions v. Workers Compensation Appeal Board), or financial consequences. Another

Changes witnessed over the last few years on mode of packaging and its economic impact.

They offer a good working environment, good pay and loads of incentives to take away. Thus candidates who seem interested in working with them, the information mentioned below will prove useful.

Staffing has been an important aspect in all types of organizations’ development. More and more companies have noticed a good staffing plan could increase productivity and reduce operation costs in terms of lower turnover rate and transition costs. Good staffing could be able to minimize cost in order to maximize profit, because it could assist the company to stay more competitive within the industry. According to the definition by Dr. Green, “staff is the process of identifying work requirements within an organization; determining the number of people and the skills necessary to do the work; and recruiting, selecting and promoting the qualified candidates. It is the selection process of