Clothing adaptation vs. weather and body Essay Example | Topics and Well Written Essays - 1000 words

Clothing adaptation vs. weather and body - Essay Example The company has to strategize on the cheapest mode in which the materials get transported from the supplier. The company should also seek to diversify its resource use to make the very best from the material inputs. Such diversification may fall under designing subsidiary industry where by-products may be of value (Lewis 23). Competition is healthy for a company in a business environment. Within the same industry, No Forecast faces the problem of competing with other major companies. To compete efficiently, No Forecast should give out sample products to the consumer. Sample products help in familiarizing the products with the consumers. There is also the importance of an aggressive advertisement. The advertisement should be affordable and should cover a wide geographical area. Channels of advertisement have to reach as many people as possible. For instance, the company may resolve to use the internet to sell its products. The product has to be of higher standard and consumer friendly. Customers should feel proud by identifying with the No Forecast apparel (Lewis 45). For the brand to be popular, No Forecast can venture with a famous company so as to identify with the product. Selling the product by venture increases its chances of reaching the market faster. It should also aim at participating in the corporate social responsibility. Company’s brand has to stand out from its competitor. No Forecast should focus in distributing the product in different market spheres, especially those having greater purchasing power (Lewis 53). For buying of the company by another company, it has to be attractive and profitable. The company’s profile has to align with its visions and objectives. It has to be the best place that investors are comfortable doing business. The company has to maintain competitive strategies in reaching its goals. Employees have to be at the forefront in making the company a better place. The management should focus on the

Compensation HR Essay Example | Topics and Well Written Essays - 750 words

Compensation HR - Essay Example This is mainly used to determine which job should get a higher pay than the other. There are methods used in job evaluation such as job grading, job ranking and factor comparison. Job evaluation is advantageous as it helps to define a job according to an individual specialization so as to fix the fairest salary on it. Job evaluation analysis also helps when selecting a job that relates to the qualifications of an employee. Jobs are evaluated by ranking jobs. This is by evaluating a job using a single factor such as how technical a job is, or the educational level requires needed to perform the job effectively. The more technical a job and the higher the educational level required, the higher the job is ranked. Compensation is then based on the ranking where the highest in the rank is paid more (Poels and Frans 22). Salary surveys are normally used in job evaluation. This is by comparing a job with the same kind of job, with the same description and the same expectations in another organization in the job market. This helps in knowing how competitive the organization is as compared to other organizations. As a result of this survey, the ranges of salaries are normally revised as soon as the survey shows the need of a revision. This helps the organization stay competitive in the market. Compensation program is important in attracting and retaining talented employees. The program is normally done by the human resource manager. This is normally done together with the training and development officer. The aim of a training and development officer is to ascertain the performance of employees. This is so as to see if they have reached the set target of if they have improved in their performance. This helps the human resource manager department in efficiently administering the compensation program. Merit increase is given based on the performance of an employee where, if an employee performs better, they get a better compensation. There is