Management Accounting at Hospital Essay Example | Topics and Well Written Essays - 1500 words

Management Accounting at Hospital - Essay Example According to the survey, there is more than 60 percent of them have been in the Hospital for less than one year. Among the HR professionals, there was 38 percent of them had an increased employee turnover in the past 12-18 months; 53 percent stayed the same, and only 9 percent had decreased. For the laundry supervisor, there was 23 per cent of individual contributors, professionals, first-level leaders, and mid-level executives somewhat or likely to leave within the next year. This study shows that employees in Chinese firms are likely to change their job quite often. This is because it is hard for them to stay in the Hospital for a long time. Moreover, studies done by Owens (2006) argue that finding and remaining high qualified laundry supervisors is the greatest problem in the Hospital. Therefore, turnover rates in the Hospital are quite high. This creates room for the prediction that turnover rates in the Hospital’s SMEs may be even higher than the results of this survey. T his is because SMEs are more informal and unstable than MNCs. (Owens, 2006, p. 71). Hence, it is necessary to research the aspects that could influence turnover in SMEs. In Chinese manufacturing firms, voluntary employee turnover is becoming an expensive problem. The issue is even worse for SMEs (Owens, 2006, p. 101). If SMEs have the power to compete against the larger ones, working conditions for employees are poorer than larger companies, and poorer working environment would be an obstacle to retain employees. The characteristics of employment relations in the Hospital’s SMEs are different from State Owned Enterprises (SOEs), Joint Ventures (JVs) or large private the Hospitals (Owens, 2006, p. 112). SMEs have limited resources, both compensation packages and career enlargement, which can be the key motive for high employee turnover rates in SMEs. However, SMEs could remain employees through other methods and do not depend only on compensation packages. According to the hie rarchal of needs theory (Owens, 2006, p. 71), human beings have different levels of needs. There are basic levels which could be fulfilled by extrinsic rewards. Nevertheless, people could only be motivated by intrinsic rewards at higher levels. Hence, firms could remain employees by recognition, care, and career advancement, which are all intrinsic motivators. Thirdly, the laundry supervisor turnover intention after training could be influenced by alternative job opportunities. When there are increased external job opportunities, employees are more likely to leave the Hospital after training. In other words, skilled employees are more attractive to employers. This makes him more likely to seek Hospitals that provide better extrinsic and intrinsic rewards. In (Owens, 2006)’s study, it argues that respectable performers are more probable to depart from the firm than awful performers. Outstanding performers have more job alternatives than those who do not perform well. Not surpr isingly, there are studies focusing on the positive correlation between training and turnover intention. However, studies in this field are still not enough. It has been proven that the more training provided by firms in Asia, the higher level of employee turnover. One of the reasons to explain this is the ‘expense of cheap labor’.

Important reforms and changes in American's History Essay

Important reforms and changes in American's History - Essay Example It was at this time that President Theodore Roosevelt commented that every man, despite his position, had the responsibility of promoting reforms. The progressive movement was established to tackle all the problems that plagued Americans. The aim was to improve the working conditions in industries such as wages, safety and hours of working. Moral issues were also addressed such as prostitution and alcohol abuse which the 18th century American society attributed to domestic violence (Ingui 79). The progressives’ ideas were to have better management systems in businesses, cities and political entities. Nonetheless, the progressives were not as aggressive when it came to addressing the civil rights of the minorities in America, such as Native Americans and slave trade. There were many reforms that occurred during the progressive era. These were reforms such as good working conditions, women’s suffrage, right to own land for the minority, prohibition and child labor among others. However, some of the most important reforms that took place during the Progressive era included child labor, nationalization of banks, consumer protection laws, the 18th and 19th amendment which led to women’s suffrage and prohibition. During the progressive era, being a worker was not easy. Though the progressives did all they could to solicit for good working conditions, they only obtained mixed results. In the early 18th and 19th century, male workers were paid pitiful amounts as their wages, while women did laundry and other duties that earned extra income to make ends meet. Women were lowly paid despite working for longer hours than men (Moon 26). Child laborers were common. It was not surprising to get boys as young as 10 years working in coal mines and girls as young as 12 years looking after children and other odd jobs that their parents would tell them to do. This changed to some extent when the