Jp Morgan Executive Summary

Employees are the most important asset of an organization and organization has the responsibility to keep happy, motivated and satisfied so that their interest does not diminish in work. Moreover, when employees are kept happy and satisfied then their productivity rises as they feel that the company has given them the importance.

A direct cyberattack in 2014 to JPMorgan Chase caused a compromised of accounts effecting a total of 76 million households and seven million small businesses. We are clearly, in times when consumer confidence in the digital operations of corporate America is on shaky ground. In directly, banking is taking the brunt of the fallout but major stores also have breaches which of course are directly related to their financial data. Store like, Target, Home Depot and a number of other retailers have experienced major data breaches. 40 million cardholders and 70 million others were compromised at Target alone in 2013 and an attack at Home Depot in September, 2013 affected 56 million cardholders.

In general chase’s total non-interest expenses in 2011 rose 5.11% higher than the total non-interest expense in 2010. The net income in 2010 seems lower than 2011 due to less operating and investment activities in 2010. Apart the item labeled other expenses and amortization of intangibles; all the other expenses were slightly higher. The increase in non-interest expense was driven largely by higher compensation expense reflecting headcount. The operating cost as part of the non-interest expense was definitely higher compared to 2010.The higher headcount visibly explains this increase. The provision for credit lost was 8.41% lower than the 2010 provision. This was due to the amelioration of collection from customers. Consumer business modestly improved and mortgage net charge-offs and delinquencies improved. It is probably included in the item “other expenses” which were lower than 2010 but 6.38% higher than 2009. Tax Burden: The total revenue in 2011 was 5.62% lower than the revenue in 2011 but the bottom line was a lot higher

The timeline of events for the mortgage crisis and robo-signing began in 2008. Banks were overcome with foreclosures and missed payment at an abnormally high rate. On September 29th J.P. Morgan Chase joins other financial institutions in announcing that it would be freezing foreclosures in 23 states. JP Morgan stated that “it has come to our attention that in some cases employees in our mortgage foreclosure operations may have signed affidavits about loan documents on the basis of file reviews done by other personnel -- without the signer personally having reviewed those loan files." JP Morgan emphasized that it believes "accuracy of the factual loan information contained in the affidavits was not affected by whether or not the signer had

On September 6th, 1971, President Richard Nixon gave the “Address to the Nation on Labor Day.” In this speech, he determines that there is a change in the work environment air. Nixon claims that workers in this developmental time deserve new opportunities to grow within their work. He reached the conclusion that job satisfaction should be a company's main focus. As the work environment evolves, worker satisfaction becomes increasingly more important. Employees have expectations, such as raises, insurance, and paid time off, so if a company is not willing to comply with these new demands, then it will become increasingly difficult to generate decent productivity rates. Nixon defined this word by stating that “Productivity really means getting

Jamian would be the perfect model for this program. He is a diverse individual that was also born and raise within a low income family. His desire for a better life manifested and he created a successful young man that wanted to not only conquer the world, but also to help shape this imperfect world. After graduation, Jamian accepted a full-time job with JP Morgan and started getting involved within the community as promised to himself. His goal has and will remain the same but his journey to give back and help shape the next generation has just started.

JPMorgan Chase & Co. is one of the most leading financial service firm and banking industry in the United States and worldwide. The firm was founded in 2000 on merger between Chase Manhattan Corporation and JPMorgan & Co. Based on the Forbes report JPMorgan Chase & Co is the world's sixth largest public company based upon the companies operational assets. The hedge fund unit of JPMorgan Chase is the 2nd largest hedge fund in the United States.

The first recommendation would be to improve the company’s motivation when it comes to the positive reinforcements, punishments, and psychological contract. When these three factors are present, the employees’ motivation levels will increase, which will create an expansion in productivity and revenue at Engstrom. Therefore, increasing the company’s motivation is important because when the employees are happy the company’s productivity stays afloat. When the employees are unhappy, they will begin to slack off and both the company’s productivity and revenue will decline. According to the study done by Kropivsek, Jelacic, & Groseli (2011), “motivating the employees is of key importance for providing their efficiency and quality of work. This applies

JP Morgan is the largest bank in the US with over $2.5 trillion in assets. The bank made it known via an SEC 8-K filing that the breach affected 76 million households and 7 million small businesses. They confirmed that contact information of customers was compromised in the breach including name, address, phone number and email addresses. They indicated that internal JP Morgan information pertaining to customers such as credit cards and various investment products, was also accessed by parties

I thoroughly agree with your post. You have some very insightful points. I strongly agree with your statement in regards to a company is only as strong as their workforce. Furthermore, it is imperative for organizations to ensure that they create an atmosphere that is inviting, motivating, and definitely promotes job satisfaction. Also, employees want to have a voice in the company as well. Moreover, Chip Conley’s talk definitely highlighted some very key aspects in regards to understanding that organizations need to go beyond just measuring the tangible things but focus on the areas that matter most to many employees which are the intangibles such as respect, trust, security, healthy environment. Essentially, these elements help to foster in higher productivity, increased profits, loyalty and less turnover. All the more, when organizations develops ways to deliver on these paramount factors, it can satisfy employees and help create a stronger, more stable and profitable outcome.

Employees require motivation, reward and encouragement for maximum productivity. Punishment to workers not performing is also mandatory to prevent cases of poor performance. Ethical considerations must be looked at and employees must follow rules and company policies for plans made by management to be successful. Workers and management relate like a family and this has enabled the company perform to its expectation. These plans are aimed at ensuring total customer satisfaction and delight.

It is clearly that the company is experiencing some growth; however, the management needs to find a solution to solve the arising issue where their employees are lacking of motivation in their job. However, the executive team’s decision to raise pay rates for its customer service staff and the vested profit-sharing plan does not improve the employees’ work performance or customers’ satisfaction.

Be more realistic with their expectation of their employees as this causes overwhelming and overworking of employees thus demoralizing them. The decrease in productivity is a result of employees feeling demoralized. Hence, they are not performing well on the job as they use to be (Hulin, & Judge, 2003)

However, much has to be done to improve the efficiency of the employees. For example, the management should show respect to the employees individually not considering the job they do. Respect is a powerful motivator. If employees feel genuinely respected, they will mostly likely go an extra mile in their duties to help the success of the organization (Jackson, 2011). The management should also offer support to employees when it is genuinely needed. This will include emotional support in case of unfair criticism. This would improve the employees working atmosphere hence they will deliver

The company has hardly changed its recipe for success and has tried to maintain its status quo on how it keeps a positive working environment. By maintaining the positive work environment it is able to add to its product line without a high risk of productivity, as the employees’ attitudes play a major part in the success of product induction and productivity success. By analysing the sales figures, given in millions, from 1974 to 1989 we can see a growth of $349 million ,this provides for a sales growth of 150%. This increase in sales has helped keep the company’s debt low, while only providing for its current debt.