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Human resources
- 4. Buy-outs are expensive. Employees with long-term service find them attractive. • The best workers may leave. There is demand for their skills, and low-performers may stay because they are less marketable. • Both high- and low-performing workers will leave out of fear. They worry that they could be dismissed later without any financial cushion.
- 5. The consequences of downsizing in different time create many issue regard recruitment and selection. -After the Downsizing arrange the company they are not make any effort to re- deveolpe the employees. -No care in Recruitment and selection process as much as before. -No effort done to check the references as much as before.
- 6. Unfortunately the company had done few managerial changes and after a while, the company get another un planned project, and that push management to make some changes in the hierarchy, But the start collecting data and CV’s to graduating pool of qualified candidates for particular Job. Then directly they start select the potential candidates without signed and approved hierarchy, it affecting us badly.
- 7. After the company had done few managerial changes and recruited new employees the engineering department , starting complain regarding that, the claim was the new employees they are not fit with technical requirements and qualifications that in Commercial Contract. So he made recommendations . 1- Re – test them with more technical questions . 2- Make – 6 month contact only .
Editor's Notes
- The differences in the value of currency affect the ability to buy the imports and sell the exports. This trend affects the living standard of the country. Therefore, the effects of currency crises are very broad because its effect in other nations are not limited, it can affect the economy of all countries because trades are interlinked with each other.
- - When supply and demand for any currency changes it also changes the values of those currencies like when the U.S. dollar is strong, imports of USA is less expensive, this trend increased the demand of imported products. - When interest rates of any currency are higher than other the demand of the foreign currency increased, because people buy the currency instead of investing the securities of other nations. At the same time, a stronger currency decreases exports. Trade deficit develops the result of a stronger dollar, yen and Pounds. The result of a weak U.S. dollar, Yen and Pounds are that the importers prefer stronger currency and exporters prefer weaker currency.
- Today the world is very close to each other therefore if the value of any stable currency like dollar, Euro, Pound and Yen decrease or increase it hits economy of the world. Because a co-integration relationship is present between the real exchange rate and export-import of any emerging economy in the long run. An increase in real GDP will lead to the appreciation of local currency. An increase in real GDP signifies an increase in productivity which will drive the general price level in the economy down. Price level will reduce as per the quantitative theory of money which states that, MV = PY where, M= Money supply in the economy V= Velocity of the money or how often does the money changes hand P= General Price level in the economy Y= GDP or the total spending in the economy If we keep M and V constant; an increase in Y will lead to a decrease in P. From the definition of relative PPP (Purchasing Power Parity), %change in exchange rate = Inflation in local economy - Inflation in foreign economy Therefore, a decrease in price level will drive down the inflation and also the exchange rates (here the exchange rate is the number of local currency per foreign currency) which means that local currency is appreciating.