The Purpose of Agencys Policies - Assignment Example

Agency’s Policies Agency’s policies aim at providing information that contributes to making an agency socially and politically relevant. It consists of objectives, goals, and missions that guide the organization. It also gives direction to the company by evaluating and providing alternative means and ends in the elusive pursuit of policy. The agencies and the union; this is whereby firms join unions for different reasons. Some agencies do not join unions because they experience much resistance from the employees. A union is whereby; it is a well-planned group of workers, who use their strength to have a voice in their workplace. Workers have rights to impact wages work hours, benefits, health, safety and among others through unions. Agencies prefer not to have representation in the unions because, the workers influence the wages, and this may cause loss and workers lose their jobs. The reason being employees demands the agency to raise their salary, and if they do not do that, then they will end up losing workers and henceforth experience closure. Safety is another factor that they should consider; safety is the most important thing in companies. If t workers cannot feel safe where they work, most probably they are going to quit jobs and find other places where safety is in place. The Agency and privatization; Privatization is whereby agencies move from being public and becomes private. Implementation of privatization gets control from a legal entity that that promotes initiative such as the Air Force. When the utility systems become old, obsolete and reliable, the Air Force began efforts to convey ownership of these service systems to the private sector through privatization efforts. The costs to upgrade these utilities are so costly whereby the government will cost the public more money and provide a lower level of service. Therefore, the independent private sectors ensure government initiatives meet their destined reliability and how it retorts to its utility systems. This effort helps to subside the need for the public to pay more taxes to the government. Instead, when the government receives support from the private sector, it is an opportunity for the air force. It will get more advanced utilities from the sponsors at large. Employee pension plan; It is a retirement plan usually tax exempt, whereby, an employee makes the contribution towards funds that is set aside for an employees future benefits. Plans represent an enormous future expense for companies. Companies, according to Frangakis, Hermann and Huffschmid (2010), review individual employee information held in the human resource department. Employees are eligible for the pension; pension has several federal and state regulations to follow, making this an integral part of the process. Actuary estimate tests to determine if the business is taking many risks with the pension plan. Actuaries prepare financial calculation to determine the rate of employee retirement and pension asset growth. Depending on the size of the company and number of workers, pension plans may create future cash outflows that would be unsustainable under current business operation. Programs help to review the assets held in the pension to determine the net change in the assets at the most recent year-end. This plan helps in keeping the reported financial figures accurate and organizes. In many ways, a pension scheme is a method in which employees transfer part of their current income stream towards retirement income (Frangakis, Hermann & Huffschmid, 2010). In addition, employees should also invest in many areas. Investment will help them save more for future purposes. Productivity and performance evaluation; Productivity measures the efficiency that an economy transforms inputs into outputs. Increase in resources drives the output growth that devotes to the production or the effectiveness with which these resources are in place. When workers work more hours, output will increase, in addition if the workers produce more when working then it means the labor of productivity is growing (Frangakis, Hermann & Huffschmid, 2010). Standards of living also depend on the productivity growth, increase in productivity and inputs gives boost to the output growth. This principle underlies the fundamental method of estimating productivity growth. Labor is an example; this transpires when the growth in outputs is in surplus of that of the input. Economic growth increases productivity, higher standards of living and higher incomes improves productivity. Intensity per worker results in productivity growth, for instance, a stronger investment in information technology raises capital intensity; it is less expensive and brings other forms of capital (Frangakis, Hermann & Huffschmid, 2010). Productivity growth also depends on the skills that workers have in the workforce, for instance, the education and experience than one have, formal education and retraining workers is the way to go Agencys productivity account uses the growth accounting framework that the Organization for Economic Co-operation and development adopts in its recommendation regarding productivity measurement. These accounts divide productivity growth into the part coming from increases in capital intensity. Growth in productivity may come from applying more capital to the production process or from technological change (Frangakis, Hermann & Huffschmid, 2010). Level or growth terms measures productivity, great deals of attention devote comparisons of productivity growth across countries. Recommendations productivity and performance evaluation; Productivity is essential to the agencies. With various proposals, they can grow massively and at a high rate. For instance, retraining workers in different departments, in the modern days things are evolving, technology is bringing new things in the business such that, it requires workers to train again to catch up with the evolving world. Lack of training will slow down the progressand that is a challenge that the business cannot afford to go through because it will not be able to compete with other companies (Frangakis, Hermann & Huffschmid, 2010). Experience is another factor; experienced workers help a lot in companies by using their skills to help other workers; this improves their departments due to the guidance that they receive from the qualified. In most cases, companies promote experienced. They use those positions to make their experience productive. Working hours are also essential to agencies. Workers working longer hours are a plus to companies. Employees need to be enthusiastic, stewardship and should collaborate to create a relationship with their superiors. When they work for longer hours, the company will generate more income. Income Gives power to the corporations allowing them to lock horns with the more established companies. Stability and massive growth are a guarantee. Hard work determination persistence and among others pushes the agencies forward, workers should show their discipline because for a company to grow it needs them to respect time and be more efficient (Frangakis, Hermann & Huffschmid, 2010). Workers should work and support each other. It will help to eliminate challenges and problems that occur within the company. Everyone has to contribute for the businesses to grow and rescue their economies. Economic growth tackles unemployment issues, henceforth creating opportunities for the unemployed in the society. The government cannot do it alone; therefore, it needs support from the private sector to eradicate underemployment. Reference Frangakis, M., Hermann, C., & Huffschmid, J. (2010). Privatization against the European social model: a critique of European policies and proposals for alternatives. Palgrave Macmillan. Read More