1. Which of the HR objectives facing Mr. Brush are really the most important to the success of the business? Prioritize them and justify your list.
The success of the business would be best helped by the recruitment of new workers to meet the additional demands on the company, followed by training of the new recruits and management of healthcare cost. Any initiative undertaken must follow the objectives of the organization. It is critical that organizational objective and HR initiatives support each other.
The business is growing and it is facing a tight labor market. In a tight job market employers face the growing problem of attracting and retaining the work force necessary for their businesses to grow and thrive. Once the HR
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All of these attributes help the company and its workforce to be united in facing the challenges ahead. An added bonus is that employees stay where they know their impact on their company, receive recognition for their efforts, and understand integration. Health care cost is rising and with the aging of the current workforce these cost will increase even further. Healthcare costs continue to escalate and are affecting many companies large and small. Human Resource professionals are charged with continually looking for effective ways to maintain reasonable cost structures while meeting the needs of employees and potential employees. As employee benefit programs, and specifically healthcare programs, continue to play a pivotal role in the attraction and retention of a qualified workforce, the HR department needs to determine cost-effective strategies that will help them manage their organization’s healthcare costs.
2. Now consider this list of objectives from the perspective of employees. Using the employees’ perspective how would you prioritize the list? What are the implications in any differences in the two lists of priorities for Mr. Brush?
From an employees’ perspective the priorities might be safety and health first, with health care second (good care at a reasonable price to the employee), and up to date technology and good training in the third spot.
For employees a safe
An employee can help reduce the cost of health cost by doing several things. There has been an outcry from organizations due to the rising number of competitors with high expenses catering for health benefits during employment periods and on retiring. The employee can be of great help by being participative in the programs set by their employers to benefit more from other advantages far from health costs (Kerzner, 2013). Some of the choices an employee may consider to help control health costs are by boosting consumerism, use technology to manage benefits, and indulge in fitness and health programs.
Employers are continuing to face rising health benefit costs and are constantly looking for alternatives to control these escalating costs. Health benefit premiums continue to increase at a double digit pace for employers and employees (Poor, Ross & Tollen, 2004). This escalation is putting environmental pressures on all impacted stakeholders. Companies and insurance providers are squeezing this industry to get a handle on cost while still providing an appropriate level of care. This cycle puts the patient front and center as the ultimate stakeholder who incurs changes in health benefits. This mandate of cost control, efficient operations and market share has facilitated a constant analysis of the dynamic health
o Set Priorities. What are your top priorities? What are your most serious security concerns? What is the most important type of protection, security, privacy and safety for you?
You made it! You received your master’s degree in Human Resource Management, and now it’s time for you to start seeking career opportunities. At this point, you may be a little confused as to what areas you should focus on in HR since your experience may be limited. Imagine that a friend shares with you that he/she has a small but rapidly growing business which is in need of an HR department. He has asked you to be the HR Manager. Your friend mentioned that he / she previously worked with an HR consultant, but now has close to 100 employees with no definite, dedicated HR department, and really needs your assistance. Although you are nervous, you realize that it’s now time for you to show your skills and put all your years of studying into action.
2. Assess the importance of each value in your organization. Provide examples to demonstrate your assertions.
The costs of providing health coverage for employees are rising at such a high rate that many companies have begun asking employees to pay a greater share of the cost, or eliminate coverage entirely. Employers are raising the costs or eliminating
Employers are continuing to face rising health benefit costs and are constantly looking for alternatives to control these escalating costs. Health benefit premiums continue to increase at a double digit pace for employers and employees (Poor, Ross & Tollen, 2004). This escalation is putting environmental pressures on all impacted stakeholders, including insurance and health care providers. Companies and insurance providers are squeezing this industry to get a handle on cost while still providing an appropriate level of care. This cycle puts the patient front and center as the ultimate stakeholder who incurs changes in health benefits.
The world of business, to include health care is faced with a myriad of challenges. Recruitment and retention in a highly competitive environment, is an area that institutions are being confronted with to a greater degree than in previous generations. Consequently, no longer do individuals become employed by an organization and stay until their eventual retirement.
There is no denying the fact that the cost of health care in the United States has been on a constant rise than the wage of the employees that pay to have access to better healthcare. There is the general fear among these employees that if the rising cost of the health care is not brought under control, there will come a time, and some analyst think, the time is already here, when those employees will not be able to afford health care for themselves and their families. This fear of the unknown is particularly evident among those closer to retirement. Employers of labor have for quite sometimes now, been shifting the burden of the high cost of affordable health care to their employees, and that has significantly reduced employee standard of
Rising health care cost has challenged management leaders to develop new initiatives to reduce costs and increase participation in wellness programs. Employers often shift costs to employees or redesign their benefits system to combat rising health care cost (Larsen and Pomeranz, 2009, p. 29). Dropping health insurance coverage altogether is a form of cost shifting (Blumenthal, 2006, p. 196). This organizational strategy may make receiving employer-sponsored insurance a practice of the past. The management leader philosophy of shifting health care responsibility could have a problematic effect on employees. Some employers feel justified with these measures because health care costs continue to rise and have become a liability for
America has a bleak outlook towards the costs associated with employee turnover, productivity decline, and increased employee healthcare costs due to chronic health care conditions. The cost of healthcare is increasing, and employers typically bear the brunt of these costs. Employers also face financial loss in regards to productivity decline and retention. In a Rand report, commissioned by the U.S. Government and compiled, by Matke and others, showed that the cumulative losses of all three domains associated with chronic
The importance of human resources to the delivery of healthcare has kept growing over time and HR has become intrinsically important to the delivery of efficient and effective health care. At this point the organizations which have managed their human capital successfully and effectively have been able to serve their patients effectively(Kabene et al, 2006). In a scenario where the health care sector is faced with major human resource related issues the HR has a major opportunity to become a
It is important for HR Management to transform from being primarily administrative and operational to becoming more strategic contributor because of the involvement of competitive advantages through a company s’ employees. Strategic HR managers need proceed with the professional growth by hiring employees with high potential and giving them opportunity to learn and make lot of experience from their job roles where can access to brightest future in the industry. Secondly, the executive succession where the strategic HR managers will hiring the potential successors and grooming them with experience and advancement to be ready for replacement of the owner of company. A company can be in right direction if proceed with the strategic succession planning. Third is the labor cost efficiency. Strategic HR department mainly focus on their top performers who effort the most to organizational goals and long-term company success. A strategic HR philosophy ensures the employees satisfied perfect where by paid to
Even though they were growing fast, they faced few problems which include staffing and decrease in sales. Staffing has become a major issue in the company, since there were locations that have buildings but no employees. This problem in hiring the right employees that meets criteria of the