Mgt 1 Essay Example | Topics and Well Written Essays - 500 words

Mgt 1 - Essay Example If employees feel that the increase in productivity will threaten their jobs due to innovation and mechanization, they may fail to engage in productivity improvement and other forms of cooperation. Employment security facilitates the implementation of the other high-performance management practices such as extensive training. An example of a practical experience is the case of the General Motors’ as it aimed at implementing new arrangement of work in its Saturn plant in which case the management guaranteed the employees their job security (Pfeffer and Veiga 40). Once employees have the assurance that their employment will not be interfered with, they tend to work harder and offer their knowledge and efforts to increase the productivity of the organization. Laying off of the employees that a company has spent resources training and developing their talents is a great loss as it opens unhealthy competition from the other closely-related firms. Employment security can be guarante ed by taking obligations with the workers unions, which intervene in case an employee is dismissed unlawfully. Firms may lay off their employees due to some financial strains, but the action leads to losses, as the company has to pay benefits, which consumes its finances leading to more strains. The biggest loss is to those companies that offer extensive training and development to their employees because they lose the talents and abilities of these workers (Pfeffer and Veiga 40). Job security helps in building the employee partnership in various organizations, especially in the long-term. Many firms will pursue short-term benefits at the expense of their employees job security. Such firms find themselves in difficult situations since their employees have low morale and are less productive leading to the company’s poor performance. When companies or