Human Resource Planning Assignment Essay

Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) A demand for a commodity, service, etc. which is a consequence of the demand for something else. In respect to Strategic Human Resource Planning, derived demand applies specifically to labor. The demand for labor is derived from the demand for the goods and services that labor is used to produce. The demand for labor is also influenced by the level of economic activity and the relative cost of labor compared to capital. An organization will try to plan for vacancies and market fluctuations but derived demand can be difficult to plan for if you have a product or service that has very little discernible difference from your competitors. For example when the Canadian dollar is lower Canadian transport companies are much busier, delivering more exports to the US market which become cheaper for them to purchase. 2. Explain ‘derived demand’ as it applies specifically to Stonewall Industries. (5 marks) Stonewall Industries produces a commodity item (there is very little discernible difference between their product and their competitors). The demand for that item is directly affected by interest rates and housing starts. As interest rates fall more people can afford to borrow money to build and therefore new building is more appealing. As interest rates rise less people are able to afford borrowing to build and therefore the number of new housing starts fall. The HR department at Stonewall Industries can monitor these factors so that they can act proactively as opposed to reactively. They can monitor interest rates (by checking Bank of Canada updates) 3. The Senior Executive Team at Stonewall has to consider a number of environmental factors that impact on its Human Resources Planning activities. Describe these environmental factors and explain their impact. (10 marks) There are many environmental factors that have an impact on the HR Planning activities at Stonewall. Firstly, there is a significant discrepancy in wages amongst the plants. It would likely be difficult to align wages at all of the plants due to differing unions and union climates in each province but the difference in wages could cause poor morale in a plant that discovers they are making significantly less than another plant that produces the same product. (Also, aligning wages to the highest current level may not be possible. Another environmental factor that would impact Stonewall’s HR planning is the state of the current Vancouver plant. It is  the oldest and smallest plant and there is no room to expand on the current property. (This property is also very desirable real estate next to the ocean but closing the plant and terminating the employees would come at a high cost. A cost that would need to be calculated to see if the short term costs would produce a medium term benefit. Offering these very experienced employees promotions to other plants may be possibilities as they have a lot of knowledge that would leave with them and would help reduce the layoff or termination costs that are going to be high with this group of employees.) The state of the labour unions in British Columbia and Quebec are factors that will affect Stonewall’s HR Planning. Stonewall will have to ensure they walk the tight line between ensuring they are fiscally responsible while maintaining a good relationship with these unions. This is not only important for future relations but because of the importance that is placed on public relations and ultimately the image of the company in the public’s eyes. This may pose an even greater challenge in Quebec where the labour unions are opposed to English owned companies. Although this is one of the plants with the lowest Total Compensation Rate it may be one of the biggest challenges as far as labour relations. As recently mentioned previously, image and public relations are very important to Stonewall (and in a commodity market in general). In any industry layoffs are view critically buy the public. The company is viewed to be insensitive and public relations tend to take a hit. In mentioning layoffs, another environmental factor that will impact planning is that of an internal nature. Internal employees that are questioning the future of the company are likely to seek other employment. As mentioned by Belcourt et al., the high performers are the ones that are likely to find new employment and if the company was only looking to downsize they will be left with the average or underperformers. 4.Identify and explain the various techniques for forecasting labour supply and labour demand. What can organizations do in the short run when they recognize a gap in which supply far exceeds demand. What could Stonewall do in this situation? (20 marks) Time-series models †¢Data simply is projected forward based on an established formula †¢Predicts what will happen based on what has happed historically †¢Uses chronologically arranged data to arrive at forecasting †¢Can account for seasonal differences in demand Cause and Effect Models †¢Assumes that an activity (ie implementation of a new piece of machinery) determines an outcome (higher productivity). Judgement Models †¢No historical data to pull from †¢Example for Stonewall would have been forecasting demand for their vinyl siding branch before its implementation. When an organization recognizes a gap in which supply far exceed demand an organization can seek out contract or freelance employees or contact retired employees in the short term. Until a longer term solution can be realized. An organization can also do some planning for short term gaps by cross training employees. When these short term gaps are identified the labour force can be shifted and adjusted to compensate. This would not necessarily work for Stonewall as their employee’s skills are very specific to certain areas. I would think a possibility for Stonewall is to take employees from their smaller, less efficient plant in British Columbia and use them to fill in gaps at some of the other plants. The British Columbia plant cannot take on any more capacity and other plants can. This may be a short term plan to fill a gap or it may become a longer term solution if they can discuss more permanent moves with the BC employees as a result of the condition of the building and the need for workers at the other plants. This would reduce the costs of termination the BC employees (as well as smoothing over some potential public relations issues).

A Clockwork orange essays research papers

At the start of A Clockwork Orange, you are introduced to Alex and his droogs. They are at a milkbar drinking milk-plus. Milk, plus types of drugs that enhance Alex and his droogs ultraviolence, which is the main backdrop to the story that leads to other psychological events. Drug addiction is a complex disorder that is compulsive and often uncontrollable. This is a chronic relapsing disorder, and treatment for drug addiction is about as effective as treatments for chronic medical conditions.   Ã‚  Ã‚  Ã‚  Ã‚  Next Alex goes to a home in the country for a surprise visit of the ultra-violent kind. To persuade the wife of the house to let him in, Alex uses an intrinsic approach, pretending to be a helpless fellow in need of a telephone. This is a behavior used to fulfill an urge of Alex's, which is ultra-violence.   Ã‚  Ã‚  Ã‚  Ã‚  Later on back at the milk bar, or Korova, Alex smacks his brother for behaving inapropriately, saying, "...For being a bastard with no manners. Without a dook of an idea about how to comport yourself public-wise, O my brother." So at this point Alex is using positive punishment.   Ã‚  Ã‚  Ã‚  Ã‚  Alex heads to his house where he stays with his Dad and Mum. His mother, an older woman, has purple hair. This could be from the natural aging process of the eye, making his Mum think her hair is possibly silver or blond, when instead is a deep purple. But, then again, this movie might as well be using an artistic approach, and the hair color could reflect on the fashion of the near future.   Ã‚  Ã‚  Ã‚  Ã‚  Alex goes in for treatment to cure his ultra-violence. The treatment is a conditioning method where he is to watch terribly movies with his eyes held open. After many, many views Alex gets sick at the slightest hint of any voilence or sex.   Ã‚  Ã‚  Ã‚  Ã‚  Alex is put on stage where he is to be used in a demonstration. A man walks out, toward Alex. He begins to yell at Alex, then gets violent.

Japanese Economy Essay Example | Topics and Well Written Essays - 2750 words

Japanese Economy - Essay Example An important indicator of that achievement is that Japan continues to be the only non-western nation to have had the ambition of ruling the world and the only non-western country to have implemented a policy of attempting to subjugate the whole world in modern history. Japanese economy has been described as a success in 1980s but the decade of the 1990s was a lost decade. However, data indicate that situation may have to be more accurately described. For instance, in Figure 1, we see that if gross domestic product or GDP per capita figures are not adjusted for inflation, it would appear that Japanese economy appears to be alright until the mid-1990s. However, beginning in the mid-1990s, the Japanese economy appeared to have plunged downward and started to recover sometime at the beginning of the 21st century, if not for the Fukushima nuclear and tsunami disasters of 2011. Figure 1 is a graph from the website of the Intellectual Takeout while Figure 2 is my own reconstruction of Japan’s GDP in $ at current prices based on data set of the International Monetary Fund. At least for Japan, the insight that can be obtained based on the GDP per capita in $ is that the key insight that can be developed from Figure 1 is correct: Japanese economy was on a steady rise from 1980 to around 1995 but nose-dived before slowly recovering upward. Figure 3 compare the GDP per capita in current US$ of select countries and compare them with Japan. It is worth noting that Figure 3 suggests that in terms of GDP per capita, the overall context is that Japan still belongs to the bigger league of strong nations although Japan has been weaker in the last several years. In contrast, China may be a big economy (and some report the economy as the second biggest economy) but in GDP per capita dollar terms, the citizens of Japan appear to be in a better situation than China. Meanwhile, the key insight that can be derived from Figure 4 is that globally, the

THE SCOPE OF AN ARBITRATION AGREEMENT IS A THIRD PARTY BOUND BY IT Dissertation

THE SCOPE OF AN ARBITRATION AGREEMENT IS A THIRD PARTY BOUND BY IT - Dissertation Example The arbitration agreement or clause is usually attached to a principal contract defining the relationship between the parties. When claims arise on the basis of the main contract, then arbitration is resorted to. There are a system of rights and obligations that come into play that occasionally involve third parties non-signatory to the contract (and consequently the arbitration clause) either as beneficiary or in some other capacity that is intricately connected to the transaction subject of arbitration. A dilemma is created when the need arises to include such third party under the coverage of the arbitration procedure in order to provide complete relief to the signatory parties, as this goes against the consensual nature of the arbitration procedure and the legal principle that only signatories to a contract may be bound by it. The problem is already difficult to address in the context of national law. Where the dispute involves a transaction between parties in different countries , however, then the dilemma becomes more complicated. Arbitration being an informal process, it relies much on broad considerations of case law, customs and traditions, and of course the original intention of the parties which, of itself, may also be interpreted from the viewpoint of tradition. In the case of international commercial disputes, where the only practical recourse is through arbitration, the matter of which laws should govern becomes itself a complication to the adjudication of the original dispute. The intricacies of international public law and conflicts in international private law between the countries confounds the use of customs and traditions and the interpretation of the parties’ original intention; this makes third party inclusion more difficult to determine, and an examination of existing case law bears witness to this. Given different situs of the arbitration proceedings, sometimes conflicting decisions are issued by different arbitration institutions. . This research is essentially a cursory survey of the provisions, doctrines and case law on the matter of the inclusion in arbitration proceedings of third parties who are non-signatories to the arbitration agreement. It aims to articulate the issues that come into play in the matter of international arbitration, when the inclusion or intervention of third parties becomes a necessary consideration. Table of Contents Title Page 1 Executive Summary 2 Table of Contents 4 Chapter One: INTRODUCTION 6 Chapter Two: SCOPE OF ARBITRATION AGREEMENT 9 2.1 Definition of Arbitration Agreement 10 2.2 Parties to an Arbitration Agreement 14 2.2.1 Capacity of the Parties 15 2.2.2 Third Party 16 2.3 Validity of an Arbitration Agreement 17 2.3.1 Writing 17 2.3.2 Defined Legal Relationship 18 2.3.3 Capable of Settlement by Arbitration 19 2.4 Separability 21 Chapter Three: THIRD PARTY AND ARBITRATION AGREEMENT 25 3.1 The Problem 25 3.2 Is It Possible to Joint a Non-Formal Party to the Agreement of Arbi tration 26 3.2.1 Group of Companies Doctrine 27 3.2.2 The Theory of Estoppel 32 3.2.3 The Theory of Alter Ego 40 3.3 Distinction Between Non-Signatory Issue and the Joinder and Consolidation Issues 42 3.4 Is it the Same Terms for Extending an Arbitration Clause to Non-Signatory Companies and States 46 Chapter Four: MULTI

Strategic Management and Marketing Essay Example | Topics and Well Written Essays - 1500 words

Strategic Management and Marketing - Essay Example e practices of competitors and the financial potentials of the customers; the wise use of resources also helped to the limitation of the firm’s expenses and the increase of its profits – a practice used especially for the period from 2008 onwards. The critical assessment of the firm’s policies led to the conclusion that in the near future the update of existing organizational strategies would be required in order for the firm to keep its competitiveness at high levels; innovation in all organizational activities and change of current firm’s culture would be necessarily included in such a project. The expansion of financial crisis during the last two years led to the limitation of activities of firms operating in various industrial sectors; cruise and vacations industry has been an industrial sector strongly affected by the world recession – under the continuous decrease of their income people at all levels of society had to review all their expenses – the limitation of funds spent on cruises and vacations has been an expected outcome of the current recession. However, it seems that the business environment has been traditionally hostile towards the firms that operate in the specific sector; this view is clearly stated by Morris (1990, p. 317); at a next level, the strategies of the firms that operate in this sector have been often characterized as ineffective, wrongly designed and developed or not appropriately supervised (Bloor & Sampson 2009, p. 711); under these terms, the use of ‘McKinneys seven S factors of Structure, Strategy, System, Staff, Skill, Style (leadership), and Shared Values’ (Lee et al. 2001, p. 49) is often proposed as a successful method in order to develop effective organizational plans; however, other issues, like a firm’s environment, its competitors and the use of its resources would be also thoroughly examined before focusing on the design and the establishment of strategic business policies. Carnival Corporation & Plc

The Socio-Cultural impacts of late night tourists on residents of Ayia Essay

The Socio-Cultural impacts of late night tourists on residents of Ayia Napa - Essay Example After the 1974 war in Cyprus, Ayia Napa has developed from being a small fishing town to one of Europe’s finest destinations. Through out the years it has experienced a mixture of changes in tourism demographics, by attracting visitors interested in the local culture twenty years ago to visitors who are mostly interested in clubbing now. This new inflow of mass tourism has affected the socio-cultural lifestyle of the village. Late night tourists are the visitors who come to Ayia Napa for clubbing and entertainment mainly. The number of the young tourists has rose in the last decades. Page and Connel (2009) argue that Sociocultural impacts are directly related with the host community of the destination and occur when tourists cause changes to the individual behaviour, social relationships, culture, lifestyle and value systems of the locals. Mathieson and Wall (1982) as well as Wolf (1977) agree and also state that the socio-cultural impacts are the different effects that tourists have on the host communities. Cooper et al (2008) note that the socio-cultural impacts can be both, positive and negative. Wall and Mathieson (2008) claim that most of the impacts are negative in contrast to the economic impacts that tourism can have on a host destination. Affeld (1975, cited in Wall and Mathieson, 2008) argues that the cultural and social impacts of tourism fall into three categories; the tourist, the host and tourist-host interrelationships. Fox (1977, cited in Wall and Mathieson, 2008, pp. 220) states that â€Å"The social and cultural impacts of tourism are the way in which tourism is contributing to changes in value systems, individual behaviour, family structure and relationships, collective lifestyles, safety levels, moral conduct, creative expressions, traditional ceremonies and community organisations†. Goeldner and Ritchie (2006) notes that local peoples attitudes and mode of life is determined by the way visitors

Huffman Trucking Company Inc. Telephony Service Profiling Essay

Huffman Trucking Company Inc. Telephony Service Profiling - Essay Example To connect to an external number or to place an outside call a trunk access code is normally pressed like 0 for operator and overseas/ international calls, or 9 for local calls after which if given the tone you can dial your outside number directly. A department normally has 2 to 3 trunk lines based on call volume load and other specific criteria. Normal features includes forwarding, conferencing, call pick up groups, intercoms and transferring. In a telephone company, one has to pay separate for these features, but with PBX everything is already built in. A gateway is needed to communicate with others within the network. In some locations like MO in Saint Louis, New Jersey and Ohio office, they are already using an upgraded VOIP like a CISCO 10mb Hub. A Voice enabled talk switch model is used to integrate VOIP and handle the traditional telephone network. This uniquely connects your cell phones and any other telephones anywhere. They are remote extensions of this talk switch which connects your mobile and teleworkers. Limitation of the subscription is only for internal or within the company premises use. A switch of the least features afforded. We shall discuss this further in the recommendations later. The main idea is the opportunity cost we get from choosing PBX phone system over other regular phone system. With the estimates that it is 50% cheaper considering add on features, we can say PBX is already a good deal in terms of cost accounting measures. But choosing PBX of minimal cost and regular features may also cost more when it comes to consideration for the present connections and features upgrade especially if we talk of the present technology re PC based call integration applications. Disadvantages: There is a time delay incurred in routing calls from the central box to the trunk lines. Somehow if the customer knows the local number they aim to eliminate seconds of the delay by automatic elimination of an operator use. If we go on a recording voice first for the identification of local trunk lines, we tend to test the patience of our callers and of our best customers who would want trucking services that are literally fast movers in every sense of the word. Susceptibility to tapping is very liable when it comes to unguarded PBX installations. Disclosure of and unauthorized recording of information by eavesdropping from the central box and routing of address data made possible thru unauthorized access including data modifications. Emergency dial is not accessible. There is a big difference in using a PBX phone line than a regular phone line for it needs to be routed to the central box before it gets to access outside lines. II. Network Protocols A. Identifying Network Protocols On locations CA office and CA Plant, MO Plant, NJ Office, NJ Plant, OH Plant uses the TCP/IP protocols. For locations MO Office and OH Office uses both IPX/SPX and Apple-Talk. TCP means Transmission Control Protocol while IP means Internet Protocol. Nature of the application sends data in 8-bit data bytes to TCP. TCP then divides these bytes to smaller segments and pass thru IP to TCP module on the