Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 4.5, Problem 4.5BQ
Summary Introduction
To determine: The reason why Company C is so successful at keeping its employees.
Introduction:
The companies have a responsibility to create jobs if they want to grow. The responsibility towards employees can help in retaining employees for a longer duration in the company.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Imagine that the steel industry is taking a major economic hit and Nucor’s profits are way down. Employees are beginning to feel the pinch of substantially reduced pay. What can Nucor do to keep its employees happy?
In your opinion, what is the most important employee benefit to you?
Merit increases, Paid time off (PTO), Vacation time, Sick time, incentive pay, healthcare, overtime pay, Free employee parking,
Commuter discounts?
What are the different types of workforce flexibility models, such as full-time, part-time, temporary, or remote work, and how can businesses leverage these options to meet their staffing needs while maintaining productivity and employee satisfaction?
Chapter 4 Solutions
Understanding Business
Ch. 4.2 - Prob. 4.2AQCh. 4.2 - Prob. 1TPCh. 4.2 - Prob. 2TPCh. 4.2 - Prob. 3TPCh. 4.4 - Prob. 4.4AQCh. 4.4 - Prob. 4TPCh. 4.4 - Prob. 5TPCh. 4.5 - Prob. 4.5AQCh. 4.5 - Prob. 4.5BQCh. 4.5 - Prob. 4.5CQ
Ch. 4.5 - Prob. 1SSCh. 4.5 - Prob. 6TPCh. 4.5 - Prob. 7TPCh. 4.6 - Prob. 4.6AQCh. 4.6 - Prob. 8TPCh. 4.6 - Prob. 9TPCh. 4 - Prob. 1CTCh. 4 - Prob. 2CTCh. 4 - Prob. 1DWSCh. 4 - Prob. 2DWSCh. 4 - Prob. 3DWSCh. 4 - Prob. 4DWSCh. 4 - Prob. 5DWSCh. 4 - Prob. 1TITCh. 4 - Prob. 2TITCh. 4 - Prob. 3TITCh. 4 - Prob. 4TITCh. 4 - Prob. 1VCCh. 4 - Prob. 2VCCh. 4 - Prob. 3VC
Knowledge Booster
Similar questions
- Questions: Does the pay for performance plan seem like a good idea? Why or why not? What advice would you give Regina and Sandy as they consider their decision?arrow_forwardCompare Web sites. From their Web sites, construct a chart comparing these consulting firms' stated core values and culture and their business strategy, and highlight the services offered. 2. Critically assess whether their strategies and services are unique and/or difficult to imitate. Which one would you select (based on the Web information) to help you formulate a company's total compensation strategy? 3. Based on the Web information, which one would you prefer to work for? Why? 4. Be prepared to share this information with others in class. Result: If everyone does a great job on this exercise, you will have useful information on consultants.arrow_forwardYou are assisting in the small restaurant business of your father. As it is located in the university belt, sales were brisk and pretty good. Your 10 employees consisting of a cook, dishwasher, waiter/waitresses were paid properly in accordance with the Minimum Wage Law. You complied with the labor standards such as SSS, Phil Health, Pag- IBIG, Medicare etc. Your business permit was renewed yearly. As they were handling foods, your employees were duly certified as healthy by the Department of Health. One day, 10 of your customers suffered nausea, vomited, and were hospitalized. Suddenly, health inspectors swooped down on your restaurant. Knocking the inside portions of your refrigerators, a swarm of cockroaches jumped out of them. Rats were found running in your kitchen. Your restaurant was instantly closed. What part of the GEMS cycle you have failed to comply with?arrow_forward
- For the situation below, identify the specific environmental factor and then describe one impact on human resources management because of this factor. Factors are Below 1. The unemployment rate is very low, and your organization needs to fill 10 vacancies for production employees. Factor: _____________________________________________ Impact on HRM:arrow_forwardFor you, how can you solve paycheck errors and or employees being underpaid?arrow_forwardWhat is the difference between efficiency and effectiveness? And what are some of the examples?arrow_forward
- Why traditional jobs are more popular than entrepreneurship among business graduates Clearly, state the above problem and elaborate (1500 words) (no plag)arrow_forwardDescribe a strategy for assisting an employee or coworker to move from a 20% energy to a 40% energy.arrow_forwardTo attract the best talent, many employers have expanded their employee incentives and benefits offerings. You read about some of the perks Google offers, such as free food and haircuts, on-site gyms and medical facilities, and more. Some other benefits that have been the topics of recent news stories include paid parental leave and unlimited vacation policies. While the Family Medical Leave Act guarantees 12 weeks of unpaid leave to new parents, there are no US laws guaranteeing any paid leave. But many companies in the tech sector and beyond have expanded their paid parental leave policies in recent years, including Netflix, Microsoft, Ikea, and Nike. Other companies, such as Apple and Facebook, even offer egg freezing and IVF benefits to employees. Another benefit some companies are trying out is an unlimited vacation time policy. While the idea that you can take off as much time as you like is appealing to many job-seekers, some evidence suggests that employees at these companies…arrow_forward
- How can a group of workers, each specializing in certain tasks, produce so much more than the same number of workers who try to produce the entire good or service by themselves; Adam Smith offered three reasons list them and briefly describe the rationale behind them, provide examples arrow_forwardCompare between performance effectiveness and performance efficiency.arrow_forwardHelp me to solve all please 1.An administrative exercise that is typically done once a year to identify and discuss job-relevant strengths and weaknesses of individuals or work teams is: * a.performance facilitation b.performance standard c.performance encouragement d.performance appraisal 2. A supply chain for talent acquisition ends with a potential labour pool of individuals who might eventually become applicants * False True 3. Virtually all the growth in new jobs will come from manufacturing industries * False True 4. Whether a labour market is tight or loose has a major impact on wage structures and levels * False Truearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON