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The main objective of the report lies with advising the Board of Directors regarding the strategic actions required for meeting the challenges of instigating the new system.
In the modern business environment, organizations can hardly cut down operational expenses. Instead, the probable alternative for them is to increase the productivity and thereby revenues. However, the productivity and sustainability of a firm depends on how efficiently human elements is deployed in organizational functions. Modern entrepreneurs consider manpower as the richest asset for an organization, and align every employee accordingly in work place. However, absenteeism is one of the major challenges organizations confront with HR management. The study conducted on the Lords International also reveals that absenteeism has been the major issue that impeded the productivity of its HR for the last few years. The results indicated that family obligation is the main cause that intensifies employee absenteeism and scarcity. Many of the talented employees, especially women are forced to stay homes in order to look after their kids and elder people. This is the context why I was deployed to submit a recommendation report to the Lords International’s Board of Directors for their further consideration.
Why childcare/eldercare facilities?
Many organizational researches report that employees who are affected by family issues have more chance to cause conflicting situations with co-workers (Grace)1. Similarly, many of them tend to be impudent to superiors and it adversely affects the organization’s code of conduct. The parents with younger children give more priority to organizations that offer these facilities when they apply for a job. Hence, if Lords does not provide these facilities, it may loss some of its potential employees. Likewise, employees with aged parents at home also are highly worried about their safety. It may negatively affect their job efficiency or they may even quit their job in future. Why it is relevant to Lords? Investigatory studies have precisely indicated that when a firm provides of childcare/eldercare facilities to its employees, it gets a lot of direct and indirect fiscal benefits. By establishing childcare/eldercare facilities, Lords can empower its human resource as it meets some of the basic requirements of the workers. It will help the organization to ensure employees’ full-fledged service despite their family obligations. Given below are some of the major benefits of the program. 1. Maximum working hours The survey shows that employees who are grappling with children and aged parents are less productive in their work and they spend too much time for dealing with their dependents (Childcare)2. If the Lords International provides childcare/eldercare facilities to its employees, it can effectively utilize the maximum potentials of the employees. Moreover, by launching the new facility, the firm can save several days that are being lapsed because of employees’ absenteeism. 2. Peaceful
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