Managing An Effective Workforce Ie People Essay - 1512 Words

Introduction Whether you are employed as a manager in a bank or as a director in a Government institution or as a supervisor in a supermarket or grocery store, or as a manager in a coffee shop or as a director of the Human Resources department in a private company, the common aspect here is the ‘responsibility of managing an effective workforce ie people’. In any field, the four important resources are men, material, machinery and money. Out of these, I believe that ‘men’ ie humans are the most important because they are the ones that effectively and strategically employ and use the other resources/factors of production. Years ago, workers were treated as slaves and considered as commodities coupled with extremely bad and unhygienic working conditions, negligible or extremely poor wages, long hours of work- from dawn to dusk and so on. Today, people are considered to be an invaluable asset for any organization. Several factors joined hands to change this environment. Years ago, Human Resources (HR) was may be all about ‘production and getting the work done’, but now it is a major management function that explores several activities that are vital to effectively manage employees. Years ago, during the Factory Era or the Industrial Revolution period, the focus was on mass production and specialization. The Production Era then focused on the Scientific Management Movement that meant exclusively improving productivity and manufacturing methods. This was when the concept ofShow MoreRelatedMorgan-Moes Case Study745 Words   |  3 Pagesto be the most effective because it had the best turnover rate and recorded the highest net profit. Programme IV was found to be the next most effective even though turnover average was the lowest. 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Capital Budgeting for Trinity Hospital Case Study

Essays on Capital Budgeting for Trinity Hospital Case Study The paper "Capital Budgeting for Trinity Hospital" is a perfect example of a case study on finance and accounting. This particular SLP deals with the capital budgeting for Trinity Hospital’s project which is based upon the establishment of the new cancer research wing. This project is estimated to incur a cost of around $1 million and it will be completed in a period of years. It is assumed that the cost of capital would remain 15%. The new research wing is expected to generate around $250,000 in the second year and $500,000 in the next year. Revenues are projected to be increased by 25% each year after the second year. So as part of capital budgeting analysis of this new facility, NPV, IRR, MIRR, Discounted Payback Period and Profitability Index are calculated.On the basis of the above computations, the financial aspects of the company seem pretty sound. Overall, the company is in a very healthy financial position based on the financial highlights. There seems no uncertainty in the upcoming five years as per the prediction of cash flows. In the following paragraphs, item wise scrutiny is conducted to reflect the true financial forecast of the company with different financial projection techniques.NPVAs far as NPV of the project is concerned, a very handsome figure of around $0.8 million suggests that this project would be extremely viable for the company. Hence on this basis of NPV, the project can be selected by the company.IRRIRR of this project is also very attractive, generating a yield of around 42%, therefore on the basis of IRR, this project is highly profitable and should be opted by the company.MIRRSince no reinvestment rate was given in the scenario, therefore it is assumed that the company would be reinvesting every earned cash flow at the rate of 20%. As a result of assuming this rate, Modified IRR is calculated and yields around 33% return which is also very attractive.Discounted Payback PeriodSo far as Discounted Payback is concerned, this project would be covering all its initial investment near to the end of year 3 which is also very fruitful for the company as the company can enjoy the year 4 and 5 cash flows free.Profitability IndexProfitability Index is a derived technique of NPV. PI of greater than 1 also suggests that the project is viable. So for this project, PI is computed and the value arrived is 1.94 which suggests that the project is more than acceptable for the company.RecommendationOn the basis of the above commentary on the financial aspect of this project, it is advised to the company that they should select this project but must also consider the relevant qualitative factors that run beside the quantitative factors.

Insomnia and Dreaming Free Essays

For the occurrence of dreams, an uninterrupted period of sleep is needed. So if the quality of sleep declines, the dream recall frequency will decline as well. As experiments shown us, people of mood disorder and depression have a reduced dream recall frequency. We will write a custom essay sample on Insomnia and Dreaming or any similar topic only for you Order Now Also people having Apnea and increased daytime sleepiness, CNS and PLM will have the same results which are a decline of sleep quality and a reduced dream recall frequency. Insomnia is the most frequent, it is considered as a symptom and it is a subjective dissatisfaction with sleep, also difficulty with sleep initiation and sleep maintenance. The stages may look like this, increased sleep latency, increased awakenings and arousals, decreased sleep efficiency, increased time of wake after sleep onset, decreased total sleep time, decreased rapid eye movement sleep (REMS) and decreased deep sleep in stages 3 and 4. A study on 289 people have showed over a 6 year period in the life of the experiment, that there is a comparison between individuals reporting insomnia to those reporting no insomnia. Those reporting were 141 and those none reporting were 148 individual. The only difference was in the nightmare recall frequency that was found higher in the insomnia group. Also this finding took into consideration people taking medications and those who were not taking any sort of medication inside the reporting insomnia group. A decrease in dream recall was shown; a decline in dream recall is recorded with disordered sleep. Those with sleep latency more than 30 minutes reported a decline in dream recall. As for sleep effiency the groups with a higher percentage (85%) had more dream recall frequency than others. Individuals with a WASO (wake after sleep onset), of higher than 60 minutes had a lower dream recall than others. Also stages 3 and 4 showed a significant decline for the group reporting insomnia. As a result, people with 360 minutes of continuous sleep have an increased nightmare and dream recall. As a conclusion, dreaming requires a minimum quality of continuous sleep. People reporting insomnia has lower levels of dream and nightmare recalls. I can not say that I had a personal experience in insomnia. But surely I saw close people in my family having this problem. When I used to live in my grandparents house, I used to notice how my uncle would wake up in the middle of the night after slept for a maximum of an hour. He used to walk around the house for a while, than take out his collection games that he used to build and try to reshape them. He would do this for a couple of hours before returning to bed. I might say that I noticed how he would wake up in a bad mood. Also when he was asked to remember certain events and details it would take him a while. I think his changeable mood as a result of sleeping for a very limited number of hours may have affected his way of thinking. Also I noticed how he would sleep for several hours during the day to compensate the lost sleepless nights. As a direct effect, my uncle started taking bad decisions in his field of work and was finally advised to see a physician. These days after seeing the difference I realized that I was right in describing his insomnia at the time. Reference: Pagel, J. F. 1,3; Shocknesse, Shannon 2 (1)University of Colorado School of Medicine and Director, Sleep Disorders Center of Southern Colorado, Pueblo, Colorado (2)Rocky Mountain Sleep, Pueblo, Colorado Dreaming and Insomnia: Polysomnographic Correlates of Reported Dream Recall Frequency. [Article] Dreaming. 17(3):140-151, September 2007. How to cite Insomnia and Dreaming, Papers