StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

There are signs that the current economic situation is improving - Essay Example

Comments (0) Cite this document
Summary
There Are Signs That the Current Economic Situation Is Improving Table of Contents Table of Contents 2 Introduction 3 Review of Literature 4 Improving Economic Situations 4 Implication of Improving Economic Conditions on Human Resource (HR) Policies 5 Analysis and Discussion 8 Conclusion and Recommendations 12 References 14 Introduction Human Resource Management (HRM) plays an effective role in managing the people or employees of an organisation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
There are signs that the current economic situation is improving
Read TextPreview

Extract of sample "There are signs that the current economic situation is improving"

Download file to see previous pages HRM is also entrusted with the tasks of ensuring that a suitable working environment is developed in organisations. Moreover, it also ensures that a harmonious and a better relationship is developed amid employees and management of organisations. The role of HRM can be viewed to get affected due to influences with respect to internal along with external environment. In this regard, the internal factors include organisational culture and climate. Organisational culture is based on various factors including values, beliefs along with ethnicity of employees. Organisational climate depends on leadership styles, communication and human resource (HR) policies. On the other hand, external factors comprise economic conditions, demographics and labour market conditions. Economic conditions entail availability of financial resources or materials and demand along with supply of products and/or services. Labour market implies the availability of labour forces to be recruited. Demographics state the features of the workforces to be recruited which include education level, marital status and age. In this context, the economic conditions are determined as the major element affecting the aspect of HRM in maintaining the performance of business organisations. This can be owing to the reason that the economic conditions pose several threats to certain significant factors that include employment rate and productivity (Pearson Canada Inc., 2013). It can be apparently observed that the global economy has been under economic recession from the period 2009, affecting business operations on a global context. However, the commencement of the year 2011 has been identified to reveal signs of improvement in the global economic conditions with increased demand and sales of products and/or services. Additionally, the rate of employment has declined by a certain extent. Moreover, there are certain other factors depicting the reviving conditions of the global economic conditions that include profit margin, increased factory productions and better job opportunities (Pearson Canada Inc., 2013). In this respect, the essay intends to discuss about the impact of improving economic conditions imposed on the policies along with other strategic aspects of HRM within organisations. Review of Literature Improving Economic Situations According to Monica (2012), the economic conditions have been observed to improve by a certain extent in a slow and a steady manner after the recession period. It can be viewed in this similar concern that the spending of consumers in the worldwide market segments have increased by a substantial amount due to greater flow of money in the economy. Additionally, operations of business organisations have increased on a global context with better trading activities and sales of products and/or services. Monica (2012) noted that flow of investments has augmented with the rise of the trends of globalisation. Moreover, the rate of inflation is also seemed to reduce in most of the countries, improving the purchasing power of customers at large (Monica, 2012). In this similar context, Jochnick (2013) stated that balanced economic policies have assisted countries in improving their respective economic conditi ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“There are signs that the current economic situation is improving Essay”, n.d.)
Retrieved from https://studentshare.org/human-resources/1491362-there-are-signs-that-the-current-economic
(There Are Signs That the Current Economic Situation Is Improving Essay)
https://studentshare.org/human-resources/1491362-there-are-signs-that-the-current-economic.
“There Are Signs That the Current Economic Situation Is Improving Essay”, n.d. https://studentshare.org/human-resources/1491362-there-are-signs-that-the-current-economic.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF There are signs that the current economic situation is improving

Economic situation

...? Economic Situation Economic Situation Analyze the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates, inflation, and unemployment in your analysis. Bureau of Economic Analysis (2013) notes that the United States economy is the largest in the world when measured in terms of purchasing power parity (GDP), which stood at 15.08 trillion dollars in 2011. Despite having the largest economy, the economy was hugely affected five years ago following the economic recession that occurred due to the financial crisis of 2007 and 2008. The crisis saw the economy of the U.S. decline to all time low ever witnessed for more than a century (Bureau of Economic Analysis, 2013). This resulted in increased...
3 Pages(750 words)Essay

Current Health Care Situation

... out of the list. The system of healthcare provision to the American people is a problem, which was replicated over past generations of the American history and requires the attention of the involved parties. The United States healthcare system is broken down and no one has the idea of how to fix it. Although the country is an economic giant and a superpower, the situation in the health sector is wanting. A fortunate portion of the American population has insurance cover mostly from their employment that covers their healthcare related costs (Liberty, 2012). However, most of the American people are not lucky enough to have healthcare coverage and as a result, they tend to suffer as they lack the essential access to the services...
6 Pages(1500 words)Essay

The current economic situation of UK

Morris Capital is going to face a situation in which there may be a gap between its inflows and outflows and as such its liquidity may be drained in coming periods. Based on this, it is estimated that the fund withdrawals will be 3% more than the inflows received by the firm owing to the fact that its investment strategy allow investors to start withdrawing the funds after five years. Considering this situation, the Investment Committee of Morris Capital is going to meet in March 2010 to further discuss the strategic allocation of the assets as well as outline the future course of action. This report will therefore provide an overview of the current investment environment and provide alternatives for plausible asset allocation alo...
8 Pages(2000 words)Essay

Current Economic Situation

...Spatial Fix and the Economic Model of Life in the Aftermath of the Current Crisis of School Every crisis in the USA brings along a new social and economic lifestyle. After the Great Depression, the US economy developed its manufacturing industry, creating a rise in suburbs. However, the current crisis favors ideas; creating a rise in highly flexible, diverse and creative labor force, demanding a dominance of a new social class and new spatial fixes or so called geographic centers. According to Florida (2009), the USA has undergone crucial economic and social transformations with each economic crisis. The technological improvements and the rising manufacturing industry created a need for lower costs of production: cheap land, healthy...
1 Pages(250 words)Essay

Current macroeconomic situation

...Current Macroeconomic Situation Task Introduction Over the few years, the macroeconomic situation has not been at its best owing to the recession that hit the US. Although, the situation has commenced a recovery from the most disastrous period in the financial system of the US not much improvement has been evident. The prevailing microeconomic situation has become evident in most indicators of the economy bringing shocking news to the economists and the public in general. The unemployment has disastrously plummeted from the initial levels in a rate that most people never expected. Despite the augmenting economic productivity in the US depicted in the numerous productions and purchases in terms of goods and services, the rates of national...
2 Pages(500 words)Essay

Current Macroeconomic Situation

...The United s is the largest economy in the world. In the gross domestic product of the Unites s exceeded $14 trillion. The U.S. economy is still recovering from the lingering effects of the global recession of 2008. In terms of GDP the economy left its recession state in 2010. The GDP growth rate of the U.S in 2009 and 2010 were -2.63% and 2.8% (CountryWatch, 2012). The most recent data shows more positive signs in terms of gross domestic product. During the 3rd and 4th trimesters of 2011 the GDP growth rates of the United States were 1.8% and 3.0% respectively (Bea, 2012). A problem that the global recession created which the U.S economy has not been able to manage well is an explosion in the unemployment rate. The unemployment rate...
2 Pages(500 words)Research Paper

Current macroeconomic situation

...Current Macroeconomic Situation Current Macroeconomic Situation United s of America’s macroeconomic situation is a debatable subject worldwide. The economy in question has been on recession for the past few years and we can say it is on the recovery path. Despite this (recession) the US economy remains on top of the list in the leading economies of the world. The USA government’s intervention saved the situation that could have otherwise worsened. Unemployment rate is at its topmost. Insufficient or lack of jobs implies that the consumer confidence alongside the sentiment of businesses is at risk. This is a menace to an economy. As much as the United States government is striving hard to curb recession, it is also trying to solve...
2 Pages(500 words)Assignment

Current Political Economic Situation of HK

... of Unit Current Situation of Hong Kong Introduction Hong Kongs economy is characterized by minimum government involvement, low taxation, and free trade. It is the eighth biggest economy trading with mainland China. It has a key service-oriented economy linked particularly to mainland China and other countries in Asia-Pacific region (Chen and Andrew, 2011). In 2013, Hong Kong recorded an economy growth of 2.9 percent. The economic growth was 2.2 percent as compared with the same period in 2013. Private consumption spending dropped to 1.4 percent year-on-year. Investment expenditure, which include equipment and machinery acquisition weaken to 1.5 percent year-on-year. Total exports of services and goods grew mildly by 1.4 percent. Domestic...
18 Pages(4500 words)Research Paper

The Current Economic Situation in Australia

The cash rate or the interest rate of monetary policy has been stable for the past financial year and a half, and the board had already taken some time to evaluate the implication of substantially reducing the rate of interest on the monetary policy. Finally, the Reserve Bank of Australia has done a crucial job in controlling the lending rate by reducing the cost of borrowing. Also. Since the Australian dollar was week against the U.S dollar, the reserve bank operated with favorable monetary policies to prevent the collapse of the Australian Economy. Therefore, the economy is stable and there is a predictable growth in the first half of 2015. The growth will boost investment, the rate of return to commercial banks and employment.<...
8 Pages(2000 words)Case Study

The Current Protection in England and Wales

Vis-a-vis the burden of the prosecution of proving the elements of the offense, there is the set of human rights to which the suspect is entitled and which must be respected by the police having custody of the suspect. These human rights range from the investigation stage to that of the trial stage of the criminal prosecution process and are provided partly by the conventions of the Human Rights Act of 1998. [The Stationery Office, 1998]
There is a great difference in law between the fundamental rights and liberties of individuals and the enforceability of rights and safeguards. The safeguards could only be made available through legislation and the provision of sufficient resources to give meaning thereto as well as make the...
11 Pages(2750 words)Research Proposal

The Economic Impact of the Emergence of China and India

... in the market. Toyota’s positioning of value for money is also apparent in its cost structure. Toyota’s operating income margin is modest enough, as apparent in the trends of its operating income compared to revenues. e. Develop a summary of the organization’s current situation, including its mission or business overview, its current competitive position, and the forces and trends in its industry. Based on this situation, you will identify three to six current opportunities and issues you believe should be addressed through the strategic-planning process. Toyota’s competitive position is supported by its positioning strategy of launching new products that stimulate demand while improving its production engineering processes, as well...
10 Pages(2500 words)Assignment

How Does the US Media Effects Evolve in Singapores Current Media

Lewis and Slade (2000, p. 223) in their critical evaluation of the effects of media communication on the audience argue that media effect is achieved incongruent with social context. Their study recounts the experiment on the influence of television on identity in Singapore indicates that US social values and Singaporean values greatly differ from each other. The sharp differences in program content have a negative influence on the audience because Chinese raised Singaporeans value marriage, social values, and collectivism whereas US social culture involves career, family and the struggle to balance the two. Therefore the question of US media's influence to destabilize Singaporean national identity is limited. This view is emphasi...
6 Pages(1500 words)Assignment

Current Trends in the Marketing Communications Environment

Traditional marketing communication functions such as advertising and public relations have also extended over the internet, as companies utilize the web to reach target audiences. One example of this is Toyotas marketing campaign of its Scion brand in 2006 in Whyville.net, a website is set up to for kids age 8-15 in order to encourage greater interaction and induce brand loyalty (Cousineau & Scurry 2006). According to Cousineau & Scurry, with websites such as these where consumers can try the brands, in the kid's case—test driving the Scion—consumers interests are aroused which make them seek out [a] brand and interact with it on an ongoing basis rather than actively avoid it (2006, 37).

An e-mail h...
13 Pages(3250 words)Assignment

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages(2500 words)Research Paper

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

International Business: World Economic Forum and Davos 2010

While each force of globalization is important, the technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking applications possible are now being applied to development, healthcare, and society. Today mobile telephones are more like powerful computers that take care of many of the societal challenges facing both developed and developing countries (Evans, 2010). In Chile, new software enables weather information to farmers who can now make informed decisions on when and how to sow or harvest the crops. However, the fear or ignorance of cloud computing technology could harm the chances of the SMEs becomi...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

... economy and national culture (Mittelman, 2000). World Economic Forum and Davos 2010 The theme of this annual meeting is to improve the state of the world and rethink, redesign and rebuild. This annual meeting was to rethink the business models, financial innovation and risk management. This rethinking is sought to trigger redesign attempts at the institutions at the national and international levels. The aim of redesign is to close the gaps in governance, prevent systemic failures and restore growth. This effort requires common vision, collaborative innovation and public-private partnership to succeed in the long term. The prerequisite would be to rebuild trust. The meeting focused on the following six areas of enquiry: 1. strengthening...
7 Pages(1750 words)Coursework

Current Situation in Scotland

...Scotland Introduction Scotland is a country within the United Kingdom with a long-standing and illustrious history. The country has constitutional monarchy with a number of broad ranging social, cultural, political and economic concerns. In terms of prominent current events, the country has undergone a number of low carbon initiatives and recently the power company SSE and Shell combined forces to establish a low carbon plant at Peterhead near Aberdeen. The Scottish Tories party is currently on the verge of electing a new leader, replacing Annabel Goldie with Murdo Fraser ("Scottish politics," 2011). Notably the Scottish Conservatives have recently elected a gay leader, Ruth Davidson ("Scottish politics," 2011). There are a large...
7 Pages(1750 words)Coursework

Improving the Mentoring Program of Dr Hussa Al Husine

Emily's immediate supervisor deems her ‘over-enthusiasm’ as an impediment to her efficiency at work. Thus, she is recommended to lessen the time she spends for every patient.
Although she understands her supervisor’s recommendation from a business operation’s point-of-view, she is still adamant in her belief that gaining customer insights is crucial in aiding the pharmacy in better developing its line-up of medicinal offers. Carrying this burden, Emily consults her mentor in The Medical Nation, Dr Hussa Al Husine.
The mentoring session with Dr Husine happens twice a week for three weeks after Emily’s daily working period. Even without having a firm background in professional coaching, Emily thin...
10 Pages(2500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic There are signs that the current economic situation is improving for FREE!

Contact Us