The Bribery Act may be having a negative impact on the business development activities within UK companies. Some sales and marketing staff are doing up to 50% less corporate hospitality rather than complete all the paperwork now required as a result of The Act according to research from leading independent corporate hospitality consultants and analysts, gdz.
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Any business entity would resolve to hiring qualified people with good background and experience. Some entities process the hiring by giving series of tests, through evaluations and ratings. For some, they prefer promoting people from within the organization than hiring new ones.
Whether an employee is picked by intuition or by formal assessment, there are some people who get selected for favored treatment. Promoting an employee however, can cause conflicts and maybe difficult to handle.
Considering the said issues, any subordinate can still be given the opportunity to grow and be promoted as a continuing office practice. The upgrading system from within the organization also creates a highly-spirited working environment because of strong competition among employees. But there is the need to minimize the risk of special treatment for favored candidate for promotion and this can be done through the following suggestions.
1.) Selection of employees to be promoted must be done fairly, bearing in mind of the company’s requirements and qualifications in the selection process.
2.) Be honest and frank when there is someone given special treatment and ensure that the candidate is willing to accept the job and the responsibilities attached to it.
3.) Do not forget that there are other capable high-performing subordinates that can be tapped for upgrading or promotion.
4.) Favoritism can only be acceptable when the favored candidate has the qualities everyone in the organization will recognize as desirable and deserving promotable status as a clear cause for advancement.
Selecting favored employees for promotion entails a lot of well thought decision to avoid risking ones credibility in judgement.
The red tape that usually ushers the job of selling has cause many salespeople to be annoyed and disappointed. They detest dealing with reports and paper works required by overcautious management particularly in the situation of today’s tense economy. Add to this reality that while purchasers generally have full authority to negotiate prices and selling terms, a sales representative’s authority to negotiate is relatively limited. The salesperson can sadly say little more than, “I’ll get back to you”, then obligatorily fill out a call report. The consequence of these inclinations is that salespeople have been forced into the roles of field scouts and paper pushers. The result, high turnover of supposed to be able salespeople.
Innovation is necessary to reverse the alarming inclinations by expanding the salespeople’s realm of responsibility. Examples are:
When the salespeople’s efforts are supported by the highest level technical and clerical support groups, sales will surely become healthy because the sales representatives are motivated to perform better and ultimately sell more.
The best remedy that can help salespeople to do their job in selling: More support and less hand-holding from management.
In what was deemed as the last saving grace to save Detroit’s auto industry, the auto bailout is history as talks for dramatic salary increases to be in line with Japan’s auto industry had the United Auto Makers refuse the deal. So with that part of the auto bailout play layout unaccounted for, the Senate rejected the bailout plan, failing to acquire the 60 required votes to approve the financial aid to Chrysler and General Motors.
So with this development, the future of these two giant car manufacturers of Detroit are looking grimmer. They have declared that they could be weeks from closing shop, leaving Ford which did not request for financial assistance at this time but may soon follow their footsteps if business does not pick up.
In the end, the doom of the U.S. auto industry may be pointed towards the greedy and selfish desires of their labor and manpower resources, something that will surely be monumental. But they are not entirely to blame. They have to work to survive and the drastic cuts in wages seem to be too much for them as the cost of living for these people needs to be satisfied.
But don’t close the door just yet. We saw the same scenario before when the financial bailout was being made. Expect a new round of auto bailout talks since the U.S. is surely not going to allow their auto industry to just drop dead.
[tags]financial_bailout, last_saving_grace, bailout_plan, manpower_resources, u_s_auto, auto_makers, drastic_cuts, auto_industry, united_auto, car_manufacturers, financial_assistance, general_motors, financial_aid, chrysler, salary[/tags]
It was announced that the U.S. government is in its final stages of perhaps providing a $15 billion proposal to save Detroit’s car industry and avoid the collapse of these three automakers. General Motors and Chrysler are the ones in dire need of financial assistance to avoid bankruptcy while Ford just has not yet pushed the panic button and just wants some assistance just in case business does not pick up.
As far as the financial assistance that is being given, it shall be taken out of the taxpayers’ money. But hold on. Isn’t that fund the same as what the laid off employees were being deducted off when they were connected with some of these companies? The big three have cut off thousands of workers and while that did not draw much attention it looks ironic that they will be the ones who technically rescue these automakers and allow the millionaires survive for another day.
Prioritizing the economy’s state and the businesses that evolve around it is understandable. But what has the government have in store for the laid off workers who are now facing problems as far as surviving in the financial part of their lives?
The scenario does indeed look weird. A lot of people are in need of help. But as of now, it seems that the millionaires are getting the aid over the not so fortunate ones. Are we sure the owners of these large auto companies are really in need of help or just don’t want to infuse money to their companies so that they can invest it somewhere else.
These are some things you should ponder on folks. Business is still a dirty game and the wealthy know how to play it wisely.
The bailout is designed to allow GM and Chrysler to avert threatened bankruptcy through March with short-term loans. Ford Motor Co is not requesting immediate help but would like a line of credit in case its finances worsen.
Lawmakers fear if automakers collapse, it would deepen the U.S. recession. But many say market forces, not a government saddled with a record deficit, should determine their fate.
There also is reluctance to provide another federal rescue in the wake of the voter backlash against Congress for its passage of a $700 billion bailout for Wall Street in October.
At the same time, many argue that if Congress provided relief for millionaires in the U.S. financial industry, it should also help blue-collar autoworkers facing unemployment.
[tags]short_term_loans, ford_motor_co, auto_companies, ford_motor, car_industry, automakers, bailout, millionaires, financial_assistance, recession, general_motors, lawmakers, chrysler, taxpayers, bankruptcy[/tags]
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