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Challenges and Opportunities for Managers - Essay Example

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The employees of a company are its human capital which is the most valuable asset companies owned. Corporations delegate the responsibility of leading the workers to the managers. A manager is directly responsible for the performance of the company and its workers…
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Challenges and Opportunities for Managers
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Challenges and Opportunities for Managers

Businesses that have a good crop of workers will outperform a company with subpar employees. The quality of the labor force influences on the performance of a company. Take for example two universities systems. One system is selective in its selection process of faculty member with a 90% doctorate rate among faculty members. This college pays its professor a median salary of $127,500. The second college does not emphasize college professors with doctorate studies. The average median salary at the second school was $65,000. Due to the difference in the composition of college professors between the two schools the university with greater credentials provides a higher quality of education. The higher salary offered by the first school made it easier for them to recruit professors with better credentials. Money or economic considerations are the top motivating factor for employees (Schermerhorn & Hunt & Osborn, 2003). Selecting employees that have poor skills or that are less qualified than other candidates hurts the corporation. Managers are exposed to a higher workload because poor employees require a higher attention and supervision from the managers to ensure they perform at the highest possible level. Good employees on the other hand are typically self-motivated which saves managers time. ... Read More
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