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Semelhante a People Management and Organisation Behaviour Dimensions of Management in the Current Economic & Financial Crisis.
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People Management and Organisation Behaviour Dimensions of Management in the Current Economic & Financial Crisis.
- 1. People & Organization Behaviour Management in the current Economic and Financial Crisis. By: Pinnacle Obi, Martha, Lele, Ruchi, Jyoti, Saneeta, Mirabel, Atam
- 2. What is the Credit Crunch?
- 3. How did this happen? This is how: Inappropriate mortgages sold by mortgage lenders Laxity in control measures over the sale of mortgages Increased default caused and brought house prices crashing and the housing boom came to an end. Group Name
- 6. How the Credit Crunch affects UK economic activity
- 7. UK short term interest rates
- 8. UK Unemployment - LMS and Claimant Count (thousands)
- 9. How Economic Factors Affect People
- 10. How Economic Factors Affect People
- 11. Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch This case study will look into two important concepts related to people management which are: Argyris’s Psychological Contract – Term first coined by Argyris (1960) to refer to employer and employee expectations of the employment relationship, i.e. mutual obligations, values, expectations and aspirations that operate over and above the formal contract of employment Frederick Herzberg’s motivational theory – Herzberg was a clinical psychologist and is regarded as one of the great original thinkers in management and motivational theory.
- 12. Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch Suzanne Malcolm- Sr. Recruitment Consultant since last 10yrs at ABC Ltd. specialising in Retail Recruitment Reporting to Director – Mr. David Jones and was happy and satisfied with her job . Had developed good interpersonal relationships and shared a positive psychological contract with the Company. Herzberg’s Motivators Organisational Commitment Suzanne David Jones(ABC LTD) Psychological Contract
- 14. Employment terms changed to Contractual Employee from permanent Employee
- 15. Suzanne was unhappy and the only explanation she got from her boss was that it was all due to the recession and tight financial conditions of the companyCREDIT CRUNCH
- 16. Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch Herzberg’s Motivators Psychological Contract
- 17. Frederick Taylor : Theory of Motivation Mr. Ryan Taylor, a senior investment banker working for ABM Bank Plc. UK, since last 15 years. Perceptibly earning good amount of salary. Eventually due to credit crunch and government impositions, his bonus was reduced by 60%. This uninspired and de-motivated Mr. Taylor, though 40,000 p.a. is still a big sum of money to be received as bonus.
- 19. Recently made a statement in the financial times that rise or decline in the bonus will not affect his performances, as bonus is not an inspirational factor for him.
- 21. SOCIAL ISSUES - Who is Affected & How? Job Losses, Health Lifestyles; spending, Borrowing & Eating Habits. Pension schemes, Investments, crime Group Name
- 22. SOCIAL ISSUESWho & How?
- 23. CASE STUDY 37-year old Phil a worker in the construction industry Secure employment. Good qualifications & experience A lovely house & girlfriend Redundancy No job, lost home, girlfriend left, lifestyle change World crumpling down
- 25. Confront the fact, causes largely mental in nature.
- 26. What had people been thinking? Why no notice till real events upon us?
- 27. The simple answer. Re –assurance by an economic theory, safe ok
- 28. Adam Smith – Rational Knowledge - deficient
- 32. Conclusion I brought chaos and destruction to New York's financial district... I hear you get a bonus for that... Depending on our pleasant and unpleasant experiences, we can keep on speculating about the whole crunch. In short, we Pinnacle conclude that people issues caused this crisis and that we all need to be ever more responsible towards our actions in the economy that we are a part of, otherwise this monster of capitalism which was overfed by the financial terrorists will give constant blows of cyclical ups and downs to all of us... When the next one happens, Wait and Watch…!!! Thank you all for listening