Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Risk Management Expert

Greer (2001) describes the growing use of contingent workers who, unlike permanent and core employees, usually have only a short-term affiliation with the organization. These workers include "temporaries, subcontracted workers, part-time workers, consultants, life-of-the-project workers, and leased employees" . The contingent workforce is particularly common in unbundled or network organizations where non-core activities or activities outside the expertise of the firm are outsourced 

Similarly, Handy (1993) contends that the future will see more Shamrock organizations, modelled on the three leaf clover. The three leaves of the Shamrock represent the following: 
A core workforce-These are managers, technicians, professionals, and skilled workers who are essential to the organization. They are well paid and well looked after. They are expected to do whatever is needed to complete essential tasks and keep the organization together. They are expensive, so there are not many of them. 
A contractual fringe-In the 1980s large organizations began to shed support staff (e.g., cleaning, printing, delivery, legal staff, nurses, etc.) who were frequently expensive and underemployed. Companies are now contracting out more and more of what they used to do in-house. 
A flexible labour force-Organizations are no longer storing workers so they will be able to cope with peak periods without overtime. However, they do not want to overload core workers when there is pressure to get things done. It is cheaper, if less convenient, to hire occasional help, part-time employees, or temporary employees at lower rates. 

The extreme is the virtual organization which has a small head office staff with almost all activities contracted out. Handy cites an example of a German manufacturer of garden equipment who subcontracted manufacturing, design, accounting and finance, and franchised the sales operation. He then closed his office and now operates out of his Mercedes with a cell phone. 

Please discuss the following questions with your colleagues. 
In your area of work, which tasks could be done by outsiders (either other organizations or individuals)? What would be the advantages and disadvantages of contracting out such tasks? 
What would it be like to manage in a Shamrock organization-to be holding the leaves together? 
If you were to move into the contingent workforce, what impact would it have on your personal life? What advantages or difficulties would such a change create for you? 
Are contingent work and Shamrock organizations where we should be headed? What are the implications of this approach to HRM for demographics, global competition, and the economy? If more and more organizations move toward the Shamrock structure, what do you think will be the implications for society? Is this move for better or for worse?

Risk Management, Finance

  • Category:- Risk Management
  • Reference No.:- M9431008

Have any Question?


Related Questions in Risk Management

Financial risk management assignment - part a - part a

FINANCIAL RISK MANAGEMENT ASSIGNMENT - Part A - Part A requires you to complete the modules of "Economic Indicators" and "Fixed Income" of Bloomberg Market Concepts (BMC), which takes about 4 hours (1 hour for "Economic ...

Problem 1ben traders a privately held us metals broker has

Problem 1: Ben Traders, a privately held U.S. metals broker, has acquired an option to purchase one million kilograms of partially refined molyzirconium ore from the Zeldavian government for $5.00 per kilogram. Molyzirco ...

Problem 1how much will an employees portfolio be worth

Problem 1: How much will an employee's portfolio be worth after working for the company 30 years more? The Human Resource department at EcoCarnifex Corporation was asked to develop a financial planning model that would h ...

Safety and risk management are critical aspects of a

Safety and Risk Management are critical aspects of a workplace and breaches are punishable under Work Health and Safety Law. This task encourages students to analyse and conceptualise responses to safety breaches in a gi ...

Respond to the following scenario with your thoughts ideas

Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. Apix is considering coffee packaging as an additional diversification to its ...

Problem 1 you are the mechanical engineer in charge of

Problem 1: You are the mechanical engineer in charge of maintaining the machines in a factory. The plant manager has asked you to evaluate a proposal to replace the current machines with new ones. The old and new machine ...

Students will be randomly allocated to bushfire disaster

Students will be randomly allocated to Bushfire disaster scenarios and asked to complete a disaster response plan. The plan must cover all the relevant elements described in the unit and be an appropriate response for th ...

Advanced project risk management assignment -aim the aim of

Advanced Project Risk Management Assignment - Aim: The aim of this assignment is to: demonstrate the understanding of Decision Tree/Expected Monetary Value and the use of the software Precision Tree schedule a project us ...

Financial derivatives and risk management homework -1 this

Financial Derivatives and Risk Management Homework - 1. This is September, and you have $4,000 to invest for three months. The stock price is currently $40. A December call option with a $40 strike price is currently sel ...

Risk financing case study assignment -you are a financial

Risk Financing Case Study Assignment - You are a financial specialist, the first one hired for a pool set up to offer insurance to construction companies in your city. The pool you work for takes in approximately $50 to ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As