Ernst & Young Inc - Case Study Example

Comments (0) Cite this document
It is a process of rehiring previous employees. Organization use of this system of acquiring employees is employed especially when the organization structure has…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Ernst & Young Inc
Read TextPreview

Extract of sample "Ernst & Young Inc"

Rehiring Schematics of Multinational Organization Introduction Boomerang is a practice major and multinational organizations utilize to avoid time and resource wastage when hiring. It is a process of rehiring previous employees. Organization use of this system of acquiring employees is employed especially when the organization structure has a limitation in the labor resource. Complexity of an organization work skill is also a major reason why boomeranging might be the greatest idea a company can adopt.
Rehiring and Reasons for and Against
Ernst and Young is a multinational that deals with companies of different work ethics worldwide. It needs a work force that is not only customer-oriented, but which also has the knowhow to conduct their work honestly and diligently. Its span to Europe, Middle East, Africa, America, Asia-Pacific and Japan and its service line of Assurance, Tax, Advisory and Transaction Advisory services does not give it the luxury to hire new employees every time. Training employees is an expensive affair and waste of resource, rehiring of employees is a cheaper method.
Advantages of Rehiring
1. Aids in boosting employees morale
2. No need for retraining, therefore less costly
3. Brings new experience gathered outside to the business
4. Increases loyalty and productivity as they appreciate that the company took them back even after their contract had expired
5. Rehiring high performing employees ensures that your company has the skills it requires to move forward
Disadvantages of Rehiring
1. Underperforming or employees with a vendetta against the company might be more of baggage than advantageous, even if they are good workers
2. Employees backlash: Current employees who were there when the employee was been fired and see them being rehired, might feel the unworthiness of the rehired employee.
3. Competition: High performing workers when rehired may bring unwanted competition as every person tries to guide their position
4. Workers reason for coming back might be just that they need work and not that they wanted to come back. Their input might be short-lived (Bechet, 2008)
Why Would a Former Employee Consider Re-Applying?
Each employee in an organization brings a different skill and expertise that make the organization run more efficiently and be productive. Those employees that are inconsistent with the company policy of work ethics and do not conform to the company’s policy should not be rehired when they leave. A former employee would reapply owing to the following reasons:
1. Change in management
2. Increment in salary and allowances
3. Employee motivation and free will to express their dissatisfaction without being victimized
4. Promotion policy that addresses both loyalty and productivity
5. Retiring policy that caters for the retired employees to be able to access their benefits
Disadvantages of an Alumni Web Page
1. Posting of job vacancies on the website may create a feeling not being appreciated by the company as competent for the job. They may feel as if the company does not consider them qualified enough for existing positions.
2. Employees who left the organization, pursued other areas or even the same area of expertise, and are doing well, may create a desire for the current employees to leave and pursue their career development out of the company
3. Employees who left and started something of their own and seceded might poach out the current employees of the organization, as there is interaction
4. The current employees of the company may fear being replaced, resulting to discontentment and dissatisfaction
5. It exposes the organizations flaws to the outsiders who are in form of former employees.
Advantages of an Alumni Web Page
1. It is a good way to source out interested high performing employees, as they are informed of existing vacancies
2. The organization, through interacting with former employees, knows what flaws exist within the organization and who can remedy them
3. Keeping track of former employees enables the company to know the impact it has. If its former employees are successful in their endeavors, it means the organization policy is a success
4. Social events is a way for the current employees to seek advice and know the history of the organization better which will enable them manage the organization more efficiently
5. Former employees are able to resource with the organization and friends they had and keep up with the current trend of the organization running (Phillips and Gully, 2011)
Bechet, T.P. (2008). Strategic Staffing: A Comprehensive System for Effective Workforce Planning. New York: AMACOM.
Phillips, J.M., and Gully, S.M. (2011). Strategic Staffing. Upper Saddle River: Prentice Hall. Read More
Cite this document
  • APA
  • MLA
(“Ernst & Young Inc Case Study Example | Topics and Well Written Essays - 500 words”, n.d.)
Ernst & Young Inc Case Study Example | Topics and Well Written Essays - 500 words. Retrieved from
(Ernst & Young Inc Case Study Example | Topics and Well Written Essays - 500 Words)
Ernst & Young Inc Case Study Example | Topics and Well Written Essays - 500 Words.
“Ernst & Young Inc Case Study Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Ernst Junger

...?A Historiographical Essay on Ernst Junger Ernest Junger, German verteran and one of German’s controversial is one person whose life and literature has influenced German literature and the modern studies of WWI. Junger was born in 1895 in Heildeburg, Germany to a wealthy chemist. At the age of 17 years, Junger ran away from home to become part of a foreign legion. Later on, Junger was brought back by his father but he returned to military service at the outbreak of the World War I where he joined the German Army. While serving at the western front of the German Army, Junger served with distinction and in 1917, he was honored with the Iron Cross First Class. In 1918, he was awarded with Blue Max, the highest military...
4 Pages(1000 words)Essay

Stone Finch, Inc.: Young Division, Old Division

...?Introduction The case study discusses the business trajectory of Stone Finch. Stone Finch was founded in 1975. The firm has operated successfully inthe water / wastewater industry for 34 years. Its CEO, Jim Billings, is facing internal problems in the company due to poor organizational culture, personal conflicts, and disorganization. The company is divided in the Solutions Division and the Water Products Division. The cash cow of the Company is the Water Products Division, but despite the fact that this division brings in most of the revenues the executive management team has not made a significant investment in the manufacturing facilities in over 20 years. Another concept that created internal friction was the creation... The case study...
4 Pages(1000 words)Essay

Storm of Steel by Ernst Junger

... Storm of Steel is an enlightening read, which has been derived from the personal diaries of Ernst Junger who voluntarily took part in World War I. He worked for three years and was forced to leave service in 1918 due to an injury and a few months later, the world witnessed the end of the horrific World War I, an event on which, even the pages of History fell short to. This book can be used to analyze the historic changes that took place in the European warfare. After World War I, scenarios changed for all countries. This means that they knew that guns and bullets were not going to be enough; it can also be assumed that the idea for the nuclear technology spurted from this very war as well. However, what could have been the most... by...
3 Pages(750 words)Essay

Young Winston

...Young Winston (1972) Young Winston is a British film from 1972. It is about the early life of the British Prime Minister, Winston Churchill. In fact, the film has been based on My Early Life: A Roving Commission, a book by the Prime Minister himself (Foreman). Young Winston starts with Churchill’s schooldays. Those days are not ideal for the boy and he is not happy. The film unfolds a number of events and eventually the death of his father. Here ends the first part of the film. In the second part Churchill is a cavalry office in India and Sudan. During his service period he participates in the cavalry charge at Omdurman. The film goes on to show us his experiences as a war correspondent...
4 Pages(1000 words)Essay

Ernst and Young LLP. The annual reports of AT&T and Verizon

...Running Head: WEEK 2 DATA Week 2 Data in APA Style by What accounting firm audited its financial ments Being two of the most prominent business organizations in the world operating in the telecommunications industry, both AT&T and Verizon ensures the accurate reporting of its financial transactions during a certain fiscal year. This necessitates the employment of an auditing firm which is reputed in giving a thorough evaluation of financial figures. Coincidentally, both of the companies under consideration utilize the service of a single auditing firm Ernst and Young LLP. Ernst and Young LLP prides itself in being a "global leader in assurance, tax, transaction, and...
2 Pages(500 words)Essay

Ernst Ludwig Kirchner

...Ernst Ludwig Kirchner Art has always been in its purest form a record of history as much as a perception of life. It is therefore a reflection of the times in which an artist lived, a pulsating record, not only of the artist's emotions, but also of the interests and issues of the society in which he lived. German Expressionism was, perhaps even more so than the other movements, a statement on the changing face of society. It came into being in the early part of the twentieth century (1905 - 1928), born of the turbulent times in which Germany found itself. The proponents of German Expressionism sought to comment on the prevailing issues and facets of society and their work is a deeply personal record of their take on...
7 Pages(1750 words)Essay

Ernst and Young Tax Guide

...participation requires that the owner make management decisions such as approving tenants, repairs and establishing the rent charge. (James J. Freeland Pub. Date: December2005) Reference: Ernst and Young Tax Guide 2006 Peter W. Bernstein Pub. Date: December2005 Corporate Taxation Cheryl D. Block Pub. Date: October2004 International Taxation in a Nutshell Richard L. Doernberg Pub. Date: September2004 Tax Reduction Secrets Sandy Botkin Pub. Date: December2002 Federal Taxation 2006 Thomas R. Pope Pub. Date: March2005 Corporate and Partnership Taxation Stephen Schwarz Pub. Date: August2005 Partnership Income Taxation Alan Gunn Pub. Date: April2005 Federal Income Taxation William A. A....
10 Pages(2500 words)Essay

Ernst and Young - Marketing for financial services

...Ernst and Young - Marketing for financial services ‘Ernst and Young’ is recognized as the topmost organization in the field of financial service consulting worldwide. It is recognized for ‘Corporate Governance’, prevention of financial crimes, conducting practices on based on ‘operational risks’ and catering widely for the customers. Ernst and Young through its 35,000 financial advisors located on a worldwide basis provide a host of financial services to its diversified client base. (Ernst and Young named top consulting organization for financial services, 2010). Ernst and...
4 Pages(1000 words)Research Paper

HRA335: Case Study #4 - Ernst and Young Inc (MOD 4)

...Ernst and Young Inc ANS Yes, it is a good idea for Ernst and Young to hire previous employees into the organization. Once an employee is leaving one organization is switching to a different organization. In that different organization employee would learn different techniques and tactics. All those different techniques and tactics can be incorporated into the organization by hiring the previous employees. It would save lots of time and costs for the organization to give training to the employees. The particular employee is very much aware with the organization culture and standard operating procedure of the company. The previous employee now in the time of joining once again is more superior as far as the experience is concern... . The...
2 Pages(500 words)Essay

Non-Profit Organizations

... Microsoft Global Finance, Microsoft General Management Company, Microsoft Licensing, and Microsoft PF Holdings. Microsoft’s revenues rose from US$77.85 billion in 2013 to US$86.83 in 2014 although the company’s growth declined in 2014 compared to the previous fiscal year (“Microsoft's global revenue 2002 to 2014”). Apple Apple was founded by Steve Jobs in 1976. FileMaker Inc, Anobit, Braeburn Capital, and Beats Electronics are the major subsidiaries of Apple. The firm’s revenues improved from US$170.9 billion in 2013 to US$182.795 in 2014 and this revenue growth strengthened the financial status of the Apple. Ernst & YoungErnst & Young was founded as a result of a series of mergers. The major... and...
2 Pages(500 words)Assignment
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 Case Study on topic Ernst & Young Inc for FREE!

Contact Us