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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 721 |
Essay's paper body
Managers are increasingly recognizing this fact and acting on it (albeit while expressing a “people first†value). Typical organizations in today’s marketplace must pursue a labor cost minimization strategy rather than a people-first strategy.
If you take a close look behind what organizations and managers say and examine what they do, you will see that most place profits as a higher priority than people...
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To maintain a competitive position in the marketplace, companies must continually look for cost-cutting measures. Workforces are cut and processes are reengineered; manufacturing is moved to countries with lower labor costs; temporary workers are substituted for full-time permanent staff.
When organizations run into trouble, generally the first response is staff cuts...
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