Comments on: Organizational Perspectives on the Economy http://blogs.capella.edu/organizationalperspectives/2008/12/10/organizational-perspectives-on-the-economy/ Applying busines, psychology and education disciplines to help human capital management professionals improve the performance of their organizations. Sat, 04 Jul 2009 19:45:58 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Justin Petrovay http://blogs.capella.edu/organizationalperspectives/2008/12/10/organizational-perspectives-on-the-economy/#comment-159 Justin Petrovay Thu, 15 Jan 2009 05:48:20 +0000 http://blogs.capella.edu/organizationalperspectives/?p=66#comment-159 I found this at Forbes.com: "According to a Hay Group survey of nearly 250 U.S. companies, 23% of employers say they have either made changes or are making changes to their high-performer retention program. "It's not just about pay to boost morale," Stark said. "People leave bad managers, not necessarily bad companies." (http://www.forbes.com/careers/2008/10/16/tough-times-management-lead-careers-cx_mk_1016bosses.html) I believe this is at the heart of sustainable growth, and weathering the economic storm. As far as HR strategy goes the best advise will be A) Cherish your star players B) train for better psychological ownership at all levels. There is a new book called the OWNERSHIP SPIRIT, by Dennis Deaton, it couldn't come at a more appropriate time! I found this at Forbes.com: “According to a Hay Group survey of nearly 250 U.S. companies, 23% of employers say they have either made changes or are making changes to their high-performer retention program. “It’s not just about pay to boost morale,” Stark said. “People leave bad managers, not necessarily bad companies.” (http://www.forbes.com/careers/2008/10/16/tough-times-management-lead-careers-cx_mk_1016bosses.html)

I believe this is at the heart of sustainable growth, and weathering the economic storm. As far as HR strategy goes the best advise will be A) Cherish your star players B) train for better psychological ownership at all levels. There is a new book called the OWNERSHIP SPIRIT, by Dennis Deaton, it couldn’t come at a more appropriate time!

]]> By: Janet Salmons http://blogs.capella.edu/organizationalperspectives/2008/12/10/organizational-perspectives-on-the-economy/#comment-154 Janet Salmons Sun, 11 Jan 2009 14:51:16 +0000 http://blogs.capella.edu/organizationalperspectives/?p=66#comment-154 Here is an interesting new blog from the NY Times: Fear Factor in the Workplace (http://roomfordebate.blogs.nytimes.com/2009/01/09/fear-factor-in-the-workplace/?8ty&emc=ty). The question "What is the toll on individual workers and on the economy as a whole?"is explored from the perspectives of readers and commentators: Mitchell Lee Marks, business professor Ed Park, novelist Tom Geoghegan, labor lawyer Jean Twenge, psychology professor Myra S. White, psychologist Rebecca Johnson, human resources consultant Here is an interesting new blog from the NY Times: Fear Factor in the Workplace (http://roomfordebate.blogs.nytimes.com/2009/01/09/fear-factor-in-the-workplace/?8ty&emc=ty).

The question “What is the toll on individual workers and on the economy as a whole?”is explored from the perspectives of readers and commentators:

Mitchell Lee Marks, business professor
Ed Park, novelist
Tom Geoghegan, labor lawyer
Jean Twenge, psychology professor
Myra S. White, psychologist
Rebecca Johnson, human resources consultant

]]> By: Janet Salmons http://blogs.capella.edu/organizationalperspectives/2008/12/10/organizational-perspectives-on-the-economy/#comment-140 Janet Salmons Thu, 18 Dec 2008 16:07:56 +0000 http://blogs.capella.edu/organizationalperspectives/?p=66#comment-140 Faculty who teach courses in finance in institutions around the country reflect on the current financial circumstances in this Aspen Institute Center for Business Education report. What do you think? How should recent developments influence the way we teach business? http://www.aspencbe.org/documents/E-newsletter/December%2008/Closer%20Look%20-%20Finance%20-%20Financial%20Crisis.pdf Faculty who teach courses in finance in institutions around the country reflect on the current financial circumstances in this Aspen Institute Center for Business Education report. What do you think? How should recent developments influence the way we teach business?

http://www.aspencbe.org/documents/E-newsletter/December%2008/Closer%20Look%20-%20Finance%20-%20Financial%20Crisis.pdf

]]> By: Leslie Brown http://blogs.capella.edu/organizationalperspectives/2008/12/10/organizational-perspectives-on-the-economy/#comment-138 Leslie Brown Wed, 17 Dec 2008 18:45:57 +0000 http://blogs.capella.edu/organizationalperspectives/?p=66#comment-138 I work in municipal government and we have laid people off, but I am concerned that the civil service and unions will prevent our organization from being able to deal with the economy and changes in the environments. We are one of those organizations who do not change, and the reasons for stagnation are alway rooted in regulations. I work in municipal government and we have laid people off, but I am concerned that the civil service and unions will prevent our organization from being able to deal with the economy and changes in the environments. We are one of those organizations who do not change, and the reasons for stagnation are alway rooted in regulations.

]]> By: Alan Pollock http://blogs.capella.edu/organizationalperspectives/2008/12/10/organizational-perspectives-on-the-economy/#comment-133 Alan Pollock Tue, 16 Dec 2008 15:53:13 +0000 http://blogs.capella.edu/organizationalperspectives/?p=66#comment-133 As a Thanksgiving gesture, my company laid off 1,300 people. I should feel fortunate that I still have a job, but the 50 hour weeks have turned into 80+ hour weeks. There are less employees to do the same amount of work and the crunch of project deadlines. The great motivation for those still employed is that another 1,700 will be laid off during the first quarter, with "great regret", as stated in the memo that was sent to all employees. This is a large private organization (family owned), with no stockholders/market to please. Makes you wonder who is in the better position; those that received lay-off packages and can spend holiday time with their families or those burning themselves out, not able to enjoy the holiday season with anyone for a payoff that includes the elimination of bonuses, the reduction in merit increases and only to be laid off months later, after the needed work is completed? As a Thanksgiving gesture, my company laid off 1,300 people. I should feel fortunate that I still have a job, but the 50 hour weeks have turned into 80+ hour weeks. There are less employees to do the same amount of work and the crunch of project deadlines.

The great motivation for those still employed is that another 1,700 will be laid off during the first quarter, with “great regret”, as stated in the memo that was sent to all employees. This is a large private organization (family owned), with no stockholders/market to please.

Makes you wonder who is in the better position; those that received lay-off packages and can spend holiday time with their families or those burning themselves out, not able to enjoy the holiday season with anyone for a payoff that includes the elimination of bonuses, the reduction in merit increases and only to be laid off months later, after the needed work is completed?

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