Employee Retention in the fast Food Industry - Assignment Example
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According to the paper, presently, variations in trade agreements, technology, global economics and any other such factors are directly affecting employer/employee relationships. For quite some time loyalty has been the basis for that relationship. Losing very talented employees may be very disadvantageous to the future success of the company. Outstanding employees of a company may leave because they are underpaid, dissatisfied or unmotivated, therefore, trying to retain them is likely to present many challenges to the organization. Such employees may demand higher wages; they may fail to comply with the directions of managers, fail to comply with practices of the organization, or not interact well with their colleagues. The organization’s desire to retain such employees may be further complicated by information asymmetry because lack of enough information may not help the organization to differentiate productive employees from unproductive ones. Workers frequently take credit for other employees’ success and deflect failures to others. Thus, employees may be punished or awarded for outcomes that they are not part of. Inadequate information regarding performance of employees may result in adverse selection, outstanding ones may leave, and abysmal ones may stay. The situation is likely to occur when exceptional workers are not rewarded and both productive and nonproductive ending up with the same or almost the same compensation package. The problem of keeping outstanding workers in the company is further complicated due to bounded rationality. This results due to information asymmetry because workers do not know the information to provide and the managers do not know what information to ask from their employees.
This chapter of the study presents an introduction together with background information on the contemporary study’s nature and its purpose and objectives. It is divided into four, background of the study; problem statement, purpose, objectives, significance of the study and how the study is organized…
The proposed aim for the study is the identification of factors, which hamper motivation among employees and those factors, which are regarded by them as motivating factors. In addition to this, the researcher aims at identifying specific strategies on the basis of findings related to above-mentioned areas.
Introduction Australian fast food industry has revamped in last five years because consumers are shifting their preference from calorie rich fast foods such as hamburger, fries to healthy fast foods. Australian people are becoming aware of the health hazards of fast foods and for this reason they are avoiding calorie rich fast foods in order to avoid health problems like diabetes, cardiac problem and others.
The effect that fast food has had on the United States and the world in general can be summed up by Paolo Freire. Freire states that the “interests of the oppressors lie in, as asserted by de Beauvoir, “changing the consciousness of the oppressed, not the situation which oppresses them”.
Fast food is not only an epithet of American modern life, but it also has its origin in the verdure of American way of pursuing life in all dimensions' .It scintillated on the world map in 1954 followed by take out food in 1962.
Apart from the American influence involved in its makeup, fast food has European originality .John Stow's 1958 survey of London exhibits fast food as items and so does Henry Mayhew in his book called Social History of London in the 1840s and 1850s portray it as items on sale.
Using McDonald's and other fast-food establishments as scapegoats for the childhood obesity endemic has its clear justifications. The essay represents a deep-seated political agenda of the media and the philosophical movement away from individual responsibility, represented by attorney Sam Hirsch.
The author states that, according to the USDA, ground beef that has already been cooked is allowed to contain up to 60% water, typically between 55% and 60%. The USDA recognizes that claims made by fast-food restaurants that claim their meals are made with 100% beef are accurate, because they do not refer to the final product.
The author states that the fast food industry, like any other industry, also experiences the economic ups and downs. In addition, they provide products and services that many other businesses depend on. Various business trends such as social and financial markets significantly affect the economic status of fast food market.
The top 10 fast food companies enjoy enormous economic clout and they have been able to change eating patterns of the people across most part of the US. These companies generate huge demand for cheap farm and dairy products taking support of massive government subsidies given to crops such as soy and corn.
Fast foods cost relatively little and taste good. This is not reason enough to overlook its negative effects on the physical health of an individual consumer. Consumer develops health problems stemming from obesity and overweight thereby limiting severely their lifestyles, as well as shortening their life spans.
3 pages (750 words)Research Paper
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