Current management issues in the real world Essay

watercourse management issues in the real world - Essay ExampleThe author made an initial mind of the underlying concept that was emphasized upon in the article and then looked into other information available on the same matter (Pfeffer, 2010, p.26). This included an understanding of human capital and what it means to organizations, as well as examples of where layoffs have been used to strengthen the financial position of a comp any(prenominal) but have had ostracise effects in the long-term. The author reflected on the subject expressed in the article, by using corporeal from other sources of literature, including online articles that have been published on various blogs and e-magazines. This helped the author gain a strong grounding on the subject matter and allow for the expression of views that affect the managerial issue of layoffs.The issue of layoffs is virtuoso that evokes public debate in depth. It is normally seen as the ideal way for making an organization cost-eff icient and tends to be the first step taking by enterprises when faced with tough financial pips (Baker, 2009). Even the upstart downturn in the global markets saw financial service providers along with several other institutions getting even the step of downsizing the workforce in order to retain their profitability. However, it is not easy for management to reach out this decision as the chances of any downturn remaining for long remain slim so when the situation returns to normal, recruitment drives will have to be resumed which in turn could cost the organization a drawing card more than current outgoings.A recent debate that has arisen discusses whether the decision to lay off employees is ideal for any organization, even when the economy appears to be in standstill or downturn (Pfeffer, 2010, p.24). Companies in the United States over the last few decades have shown a tendency to shed jobs something quite evident from the auto industry. For around managers, the action o f retrenchment appears unavoidable, as there is a general consensus in the cost of employees being the