Economic business Essay Example | Topics and Well Written Essays - 2500 words

Economic business - Essay Example Industrialization in Britain had paved up ways for both labour intensive and capital intensive methods of production. In addition, there had been constant technological changes thus enabling the augmentation of labour as well as capital productivities, so that higher quantities could be produced employing the same amounts of factors of production. But the manufacturing units that required the use of proportionally more labour than capital base were found to be performing worse than their capital intensive counterparts. This change was noticed since the latter part of the 20th century. The deterioration of the labour intensive units proved to be a serious drawback in the path of the economic growth potentials of UK, since these units had almost been like a bastion behind the nation’s industrial base. One such industry that used to be a stronghold for the nation’s secondary sector was the steel industry. The nation which used to be the largest manufacturer of steel in the world has been outstripped by China in total quantity of crude steel production. In fact, it has also fallen back from its initial status of the world’s largest exporter of steel – the nations that have outshone the British steel giant are China and Japan, accounting for 52 and 35 percent of the total steel exports, while the figure for England lingers around 32 percent. The losses that it had to face in recent years throw some light upon the pessimistic turn that lies ahead in the future for the industry. On account of this gradual slide of the British steel sector from the industrial forefront, UK, which happened to be the most powerful and strongest of all economies even a century back, is now lurking at number six among its contenders. The deteriorating position of the British manufacturing unit has forced in the opening up of newer avenues to keep the flow of income smooth within the nation. This is the reason behind the

Appraisal Form Assignment Example | Topics and Well Written Essays - 1000 words

Appraisal Form - Assignment Example The sales and marketing, IT and financial departments are the most crucial to the company’s objectives. However, the survey revealed that employees in those departments feel that they are underpaid, overworked, deserve better wages and working hours than they receive now. The organisation has therefore decided to conduct an appraisal to determine the best way forward. The problem is known, now it is time to come up with the solutions. An appraisal would be the best approach to creating a remedy. The appraisal will take place from January 2015 to February 2015. The employees will be informed beforehand prior to the commencement of their holidays, and they will be expected to avail themselves on the start date. Informing the employees beforehand is important in preparing them for the task ahead by informing them on their expected roles in the process and the possible outcomes. Ideally, the appraisal should have been conducted in the month of December 2014, but there is little allowance for preparation by the company and the employees. The appraisal will take place every week between January and February, and will include all the relevant processes and exercises that are intended to make the whole exercise a success. Various processes and sub-processes will guide the exercise from the beginning to the end, and will be conducted based on set guidelines and objectives. Employees from the relevant departments will be expected to be available in all sessions unless they have valid reasons to abstain (Stapczynski, 2014:26). All the employees who abstain because of unavoidable circumstances will join the sessions at later dates and will continue taking part in the process until they complete all the sessions. The appraisal should be conducted by the human resource (HR) department of the organisation, with assistance from other departments