Jackson_MBA2021

  What is Equal Employment Opportunity EEO, means individuals are entitled to be treated similarly regardless of their gender, sexual orientation, race, age, socioeconomic status, religion, disability etc., will be fairly considered for a relevant job role and protect them being subject to discrimination and prejudice based on characteristics. How to improve EEO in the workplace Build an inclusive company culture Set Key Performance Indicators Involve the entire team Build a fair hiring process Pay attention to pay equity Sponsor employee resource groups Act on team member feedback Revisit employee benefits Secure commitment from upper management Educate and train the teams Talk about diversity, equity, and inclusion Review procedures & policies to identify barriers Benefits of EEO in an organization 1. Promotes diversity People of various backgrounds, ethnicity, races, genders, etc., make up an organization's workforce. 2. Improve the chan...

  What is Risk Management (RM) RM is a process of identifying, analyzing, evaluating, treating, monitoring, and communicating risks associated with any activity, function, or process in a way that will enable organizations to minimize losses and maximize opportunities. Identifying risks in an organization Internal risks: Safety, health, and security of the employees, the vendors, and visitors, third-party contractors, the managers, and the business owners. These risks include fire hazards, robbery attempts, water contamination, pest-related issues, and technical failures etc. External risks: Risks that happen in the outside world, which affect the profits and performance of an organization. A rise in competition, a global economic slowdown, a fall in demand, etc. Risk management process According to Ndwiga et al. (2012), reduction of risks is done through monitoring and controlling through the standard set of policies to ensure minimization of risks. Figure 1 : RA Process; So...

  What is PA Appraisals are essentials for evaluating and rewarding employee performance. They provide a means of evaluating the team across numerous performance measures and assisting in the identification of high performers when properly applied. The performance appraisal can help employees understand their strengths and weaknesses, correct bad behaviors, and reach their full potential. Objective of PA Broadly speaking, PM can be defined as “identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization” (Aguinis, 2013, pp. 2-3). 1. Provide feedback – Appraisals are an effective way to give feedback 2. Downsize or right size - The COVID pandemic is one of the many harsh realities that might force an organization to downsize. In such a situation, appraisals are a way to make sure that the most productive and talented individuals can be retained in a company. 3. Promote right person 4. Set go...