December 12, 2006

Disciplinary Action

Disciplinary action is one method to deal with the infraction of rules or company violations. Some ways to avoid disciplinary action is to start with smart hiring by using background checks and previous employer checkups. Other techniques such as performance appraisals and training and development would lessen the resort the need for disciplinary action. Lastly, by adding rewards to good performance, it will diminish the incentive to break company policies. It is often a hard role to enforce rules to fellow co-workers. But when you are in a leadership role, it is necessary to set those rules.

High turnovers

In a recent article, a survey finds that 73 percent of executives are dissatisfied with their jobs. This could lead to more turnover at the top corporate positions. So what is making these executives so dissatisfied? One of the things was that it was hard for executives to work with their co-workers due to the lack of teamwork. Another component in the lack of satisfaction in the work place is the stress of meeting production goals. After reading the article, I was left with a sense of whether I would be happy with my job.

Improvement in Organizations

Today's corporation is vastly different than the past. In past organizations, it was hierarchical, the company sees people as variable cost, and it was mostly centralized planning and decision-making. But in the new corporate world, there is still centralized planning process and also decentralized decision making. There is more focus on customer orientation. Is it possible that we will see another form of corporation emerging in the future?

Sex Discrimination

In Tucker, there was a section about sex discrimination. This is an important subject to discuss in the human management. It is also very personal because I am a woman in the business world. Would I be judged by my sex when I apply for future positions? Recently, there was an article called 50 top women to watch. While reading though the list, I was pleasantly surprised that there was a wide diversity of women who made the top 50. The world of business has changed over the years. Fifty years ago, the number of women in high corporate positions was minimal. Today, you can find female CEOs for Pepsico and Kraft Foods. This makes me feel better about my perspective future.

Pay for Time Not Worked

Common time-off-with-pay benefits include holidays, vacations, sick leave, etc. Supplemental pay benefits are typically one of the employer’s most expensive benefits because it is pay for time not worked. So why do employers implement this type of plan? I think that it is because time-off-with-pay benefits show employee appreciation. It is crucial for employers and employees to build a good relationship. This type of benefit not only builds relationships but also help increase production and company loyalty. It would be unwise for any company to cancel this kind of plan.

November 10, 2006

Issue 2

A few days ago, Ohio along with several other states decided to raise minium wage from $5.15 to $6.85 per hour. I was very pleased that Issue 2 was passed because raising the minimum wage would increase the buying power of low income people. It would also help increasing tax revenues and help the economy. Due to the $5.15 wage, people who earn minium wage could not afford items such as health care and gasoline. But with more money in their pockets, they are able to obtain personal needs. I think that increasing the wages is similar to promotions within a coporation. In Tucker chapter 9, the book described a promotion as "more learning" and "more development". With more money earned, minium wage wokers have a better chance to use their income in a better education (more learning) and better their personal life (more development).

November 03, 2006

Freakonomics

Lately, I have been reading “Freakonomics” by Levitt and Dubner. There was an interesting story about how economists wanted to test how parents respond to a fee when they are late picking their children up from daycare. This study lasted twenty weeks, but the fine was not introduced until the fifth week. During the first five weeks, there was an average of eight late pickups. But after the fifth week, when the fine was announced, the late pickups went up to an average of twenty. You would think that a fine would be an incentive to pick up your child on time. When the economists eliminated the fine on the seventh week, the number of late pickups remained the same. The reason that the economists came up with is that when the parents pay the late fine, they feel no quilt when they don’t pick up their kids on time. This only shows that business and other fields such as psychology are more intertwined than most of us think. In the example that I just discussed, we see evidence of things working against logic. I am sure that most of us would have thought that introducing fines would decrease the late pick-ups instead of the opposite. This could also be incorporated in the management department. For example, in "The Strategy That Wouldn't Travel", the SPITS program worked well in the Wichita plant but back fired at the Lubbock plant. Why didn't work? Perphaps this could be explained in the field of psychology.