Reduction on Manpower

This is because the risk of disgruntled employees can lead to physical harm, so the impacts of cost reduction efforts are studied more critically. Huselid (1995) issues to multiple studies done from 1977 to 1994 that compared the impact of companies that had logical and informed price reduction programs in place versus those that did not. The percentage of company retention was much higher in organizations exactly where the price reduction programs were stated in a logical manner, and wherever all employees felt that management and labor had been sharing the brunt with the cutback (Huselid, 1995).

Achieving this flow of certain data and attitude has two prerequisites: The choice of the competent and qualified board of directors on the basis of their own merit, qualifications and professional achievements. These directors would be compensated adequately to dedicate their efforts to board responsibilities. This aspect becomes all the additional pressing in the context with the on-going efforts at establishing cost reduction policies at firms of all sizes (Barney, 1991; Huselid, 1995; Kochan & Osterman, 1994; Osterman, 1994). The second prerequisite could be the creation of an organizational structure to your organization or company, if it does not already exist, and if it does then to restructure it on a basis of aforementioned values. Were an executive be faced with coming to grips with this situation, he or she would be well served to think about the following general guidelines.

Youndt, M.A.; Snell, S.A.; Dean, J.W., Jr.; Lepak, D.P., (1996, August), Human resource management, manufacturing strategy, and firm performance(Special Research Forum: Human Resource Management and Organizational Performance). Vol. 39, Academy of Management Journal, 836-867 All on the accessible search avers that the most fundamental responsibility of corporate management could be the creation of a streamlined organizational structure by recruiting, training, developing and retaining a very organized, motivated, cost-effective, incredibly fit but also compassionate productive work-force ready of achieving the corporate objectives as set by the board of directors through the creation of a healthy corporate culture/corporate values and the synergies within and between the human and material resources on the firm and all done inside most reasonable expenditure of resources (Youndt, Snell, Dean, & Lepak, 1996).

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