User Account

All Pages

How to develop a strategy to respond the situation

Assignment Help HR Management
Reference no: EM132748057

We give below a situation which many companies often face in today's competitive scenario. In a company X, union had given a proposal to the management for a 20 % hike in the wages. The collective bargaining process was still going on.

The Industrial relations manager was clever, so he called for an immediate meeting with the union. He tried to put the state of affairs in front of the union and asked them to find a solution. This is what he presented to the union:

  1. The input prices (cost of raw material, electricity, water etc.) have gone up by 10 %
  2. Due to competition the company has to reduce the product price by 10%
  3. At the same time the shareholders are also expecting 5 % more returns from the existing 15 %
  4. The IR manager puts forward the above circumstances in front of the union and asked them to give a solution.

Problem 1: How to develop a strategy to respond this situation?

Problem 2: What are the areas that you can explore to find an answer?

Reference no: EM132748057

Questions Cloud

Discuss the types of compensation : Using the concept of fit; discuss the types of compensation and rewards that would work best for each of the three managerial strategies.
How could the current event be relevant : Delta Airlines pilots voted to take pay, How could this current event be relevant to you and your classmates when you graduate and enter the working world? Why?
What is human resource model : Decision-making should be done appropriately and rationally, describe four pitfalls in decision making. what is human resource model
Do we capitalized the shipyard lease or expense : With the necessary capital in place, Highland signed a five-year lease at a disused shipyard for $7,500 per month beginning January 1, 2019.
How to develop a strategy to respond the situation : The Industrial relations manager was clever,What are the areas that you can explore to find an answer? How to develop a strategy to respond this situation?
Explain the threats to independence faced by the auditors : A financial scandal has swept through London and the United Arab Emirates, centered on allegations of fraud at two companies. Both NMC Health Plc and Finablr.
How upper hand of human resources information system : How upper hand of Human resources information system during covid-19? how HRIS and HR analytics can help companies during covid-19 situation?
How much should heron corporation present as loss : On November 1,20x3, management of Herron Corporation committed to a plan to dispose of Timms Company, a major subsidiary. The disposal meets the requirements.
What different types of medium can be used for job interview : Due to a pandemic situation what different types of medium can be used for job interviews? Illustrate the merits and demerits of these media?

Reviews

Write a Review

HR Management Questions & Answers

  Discuss the specific interest of the lobbyist

Discuss the specific interest of the lobbyist in each example.Discuss in detail some of the ethical issues and moral disputes for each example.

  What value you think the charter would bring to a project

Dissect the elements of a project charter, explaining the importance of each element. Next, research a minimum of two project charter templates from a variety of source. Then., evaluate the selected project charter templates, and describe what you..

  Sustainable development and the environment

You have been appointed as the new environmental manager for Apple. In a blog post to your key stakeholders, discuss using environmental management as a competitive advantage.

  What financial and economic issues will affect the health

1 what financial and economic issues will affect the health care industry in the next 10 years?2 what role will

  Describe achievements and known leadership style of leader

Assessment brief: Students must individually: Choose a famous historical or contemporary leader from any field (eg, hospitality, business, politics, sport). Describe the background, achievements and known leadership style of that leader

  What is the company current culture

What is the name of the company you chose? What are the leaders' names? What is the current change the company is adapting to? What is the company's current culture

  Link between strategic management and leadership

Leadership is a key organizational intuitive that plays a key role in the success or failure of the organizations. The competition era has made for all organization to stay in the competition with following some crucial steps in terms of national and..

  Show the potential growth and opportunity

Show the ability to analyze emerging global marketplace for potential growth and opportunity

  What is the role of entrepreneurship in production

What is the role of entrepreneurship in production? What are the key reasons for income inequality in USA?

  Concepts and the impact of failure

A discussion of who is affected by each of these concepts and the impact of failure to provide a healthy, safe and secure work environment.

  What was the most distinctive characteristic of mature male

What was one of the most distinctive characteristic of the mature male figure in the First Intermediate Period?

  Paper comparing the factors involved in deciding

Write a 350- to 700-word paper comparing the factors involved in deciding whether to purchase or lease this equipment.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd