Human Resources Essay Example | Topics and Well Written Essays - 1000 words - 2

Human Resources - Essay Example The first type is the flex time where the employees are presented a range of starting and ending times for the workday but there is a mandatory â€Å"core† time in the middle of the day. The second type which Schaefer discussed is the compressed work weeks where the employees will complete 40 hours in less than five days (2005). Telecommuting is another arrangement where the employees work according to a schedule from a remote location usually in his home. The last type of flexible work arrangement is the part-time work or job sharing where employees share the same position; thus, working fewer hours. Heathfield points out that the benefits of a flexible work arrangement for employees include flexible time for family, work, and other obligations and responsibilities of the employee; saves on commuting time and transportation cost; eliminates the hassle of traffic and stressful commuting during rush hours; gives the employee more control on his schedule and work environment and reduces burn out (2011). Heathfield goes on to say that this kind of work arrangement allows the employees to work at a time where they feel they are more productive. She also states that flexible work hours for parents may also reduce the expense of paying for childcare hours. Heathfield mentions several advantages for the employers as well, with the implementation of flexible work arrangements (2011). ... Furthermore, the company will develop an â€Å"image as an employer of choice with family friendly flexible work schedules† (Heathfield, 2011). The resistance of employees from flexible work arrangements comes from the possibility that their salaries will also be reduced with fewer work hours (Graduate Prospects Ltd., 2011). Graduate Prospects further cites loneliness and a sense of isolation from colleagues as other reasons why some employees resist flexible work hours. Some workers frown at the idea of working flexi time because it is something that is imposed on them and they are not given a choice. There is no dedicated work space for telecommuting arrangements. Employees should be more disciplined and organized because there is no one to monitor them. For employers, it is hard to evaluate the performance of employees; thus, a hindrance to the possibility of promotion. One of the barriers to the effectiveness of flexible working hours that was identified is the implementat ion of the program itself. Some managers or employees might not be open to the idea in the beginning. This could be addressed by planning carefully the options available, assessing the needs of the business including those of the employees and developing strategies for the implementation (JobAccess, 2010). Another barrier raised is that certain job positions are not conducive to flexible work arrangements and some employees are not qualified for telecommuting arrangements. This problem can be tackled by screening the employees who have the skills and ability to work on their own and offering the option to them. Management should also study and identify the positions which are suitable for flexible work arrangements. 2. You work for an organisation that has

Essay06 Essay Example | Topics and Well Written Essays - 500 words

Essay06 - Essay Example inty differ in that in risk, the outcome is unknown but the distribution of the outcome is not known however in uncertainty, both the outcome and the distribution of the outcome are not known (Samuelson and Stephen, 501). Probability of an outcome is the odds that the outcome will occur (Samuelson and Stephen, 501). The three types of probability discussed in the book are relative frequency, subjective probability, and theoretical probability. The difference in these methods in generating probability is that the theoretical probability assigns equal likelihood to all possible outcomes of an experiment, therefore, the chances of an event occurring is 1/n for each possible outcome. Relative frequency probability type gives the probability of an event through finding the ratio of the times the event occurs and the number of trials undertaken. Subjective probability determines the probability of an outcome â€Å"represents the decision maker’s degree o belief that the outcome will occur† (Samuelson and Stephen, 501). Statistical inference involves the use of statistical techniques for generating conclusions from a set amount of data through observation or sampling. Statistical inference using historical data involves the generation of conclusions from data that was collected a long time ago. Statistical bias using historical data creates bias in rapidly changing markets because of a change in the conditions of the market when the information was collected and the current market situation. The basis of the data collected could have changed and the current conditions reflect a difference; hence, the conclusions made reflect on the past and not the market situation currently as there are frequent changes in the market conditions resulting in statistical bias. The other reason for the bias in statistical inference of historical data is that statistical inference is affected by the random variation of the data over time and this variation results in the change of the