Introduction
Engineering Inspection & Insurance Company (EIIC) was founded in 1952 by Warren Rodman. Before 1990, they was a small but highly successful company that offers machinery and insurance services. After years of above average growth and profits, they are moving backward from the industry average, policy delivery times are excessive and morale is low. They need to change their current strategy as it is no longer effective. The issues they are facing is not only internal but also face the challenges from the external environment.
Analysis and discussion
Critical Operation and Strategic problems A. The increasing of employee turnover rate at 17% in 1990 is the sign of company dysfunction in EIIC. It caused the rising of
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D. At last, planning and coordination of activities between engineers and inspectors are also the problem encountered in EIIC. They are making the process slower and unreliable causing the loss of teamwork and services quality.
From a CEO view point, the internal problem is need to deal with first. Reducing turnover rate of employees is the most serious thing to do in order to maintain the workforce quality as they are all high level of experience and trained practical. Underwriter should be placed in more important goals and objectives in order to inspire their morale along with inspectors to improve the coordination. Secondly, the branch manager need to be given more authority and less responsible. These responsible have to be share for the chief inspectors as well as they are also involving in process. Restructure the organisation is essential to speed up the writing and submission of insurance policies but it seems to be a long-term solution for EIIC.
Evaluate company pattern of decision in structural and infrastructural
Engineering inspection activities is the base of insurance policies in EIIC. It ensures the services offered by engineering department are perfect, supervised and efficient. Furthermore, EIIC developed a elaborate evaluation scheme which leverage the quality of checking and validating inspection in
High employee turnover, where workers frequently leave and must be replaced, leads to increased spending on recruitment and training and can indicate management problems. Employees often have good reasons for moving on but if too many are leaving an organisation, can be very disruptive.
After compiling all the information, from researching the topic of high turnover rates in a company to find what can be done to correct it in an effective manner. I have found that many areas of a company are affected and to what level of
This question finds out employee underlying issues that are drives them to look elsewhere for
Focus on Customer lifetime value | Drive innovative new ideas | Deliver continuous process improvements
In this paper Team C will discuss a situation within a company that requires research, hypothesis and variable. We will also go over the ethics that need to be taken into account. The situation that is being faced is the employee turnover rate is too high. This is a significant problem because it is causing the company to lose money each time they have to train a new employee. This is a great situation to research and find out what is going on, and figure out how it can be changed. The research for this will figure out why the situation seems to be that there is a high
However, the horizontal hierarchy among the CEO, Vice-President of Engineering, Vice-President of Manufacturing, and the Vice-President of Marketing has not adapted to the changes. In fact, the Engineering department historically been the “strongest and prestigious area of the company” Not only does the existence of the new internal division change the company’s “principal line divisions” behavior, it gravely impacts and emasculates the integrity of the CEO and the vested interests of the remaining divisions and individuals.
4. Depression - employees who are used to clear goals and directions may become disorientated
3). The external weakness include the lower than average of unemployment rate of 3.3 percent that creates challenges to retain competitive employees to meet the shareholder expectations (p. 3).
Datta, D., Guthrie, J., Basuil, D., & Pandey, A. (2010). Causes and effects of employee
Skylark engineering is a sole proprietor that started in 2002 and is a GeBiz financial grade EPPU S6 Company. Skylark Engineering has been providing contract inspection of pressure vessels and lifting equipment which are obligatory under the Workplace Safety & Health Act, in markets such as Marine & Offshore, Oil & Gas, Shipyards, Construction, Petrochemical and Manufacturing for over ten years. Our extensive background includes inspection of steam boilers, air compressors, steam receivers, pressure receivers, heat exchangers, tower cranes, crawler cranes, overhead gantry cranes, hoists, lifts, chain blocks, shackles, wire ropes and many other types of equipment. In addition, Skylark also supplies a vast range of quality construction hardware
With the constant discovery of scientific principles and new engineering designs, the responsibility often lies in the hands of engineers to decide what is in the best interest of the public. Millions of people around the world use products and structures developed by engineers, every day. Before accepting work from a client, it is important that engineers have a good understanding of their own personal limitations. If work is accepted that they are “not competent to perform by virtue of [their] training and experience” , there is a clear disregard for public welfare and potential for a serious safety hazard. It is again evident that the
b. Heterogeneous goals and priorities. Each function’s different goal and subunit orientation causes it toview problems differently. Subunits have become competitive as the attempts of one to achieve goalsthwart the attempts of another.c. Bureaucratic factors. Rondell’s structure has evolved historically and status inconsistencies havedeveloped among different groups and managers—between the heads of R&D and engineering. Althoughthe head of R&D, “Doc” Reeves, formally reports to Frank Forbus, the director of engineering,informally Reeves has more status and power. The manufacturing manager is concerned about his lack of a degree, which he believes lowers his status, so he deliberately causes problems for other managers toincrease his power and status.d. Incompatible performance criteria. Each function is evaluated according to its goals, so when slowengineering design raises manufacturing costs or results in lost customers or penalty clauses in customer contracts, functions come into conflict.e. Competition for scarce resources. Some functions, such as R&D, can command whatever resourcesthey want. Engineering services is running very lean, its engineers stretched thin, and no resources for aneffective preproduction unit. Given that profits have fallen, competition for resources might increase,which will worsen the
Employee retention has always been an important focus for human resource managers. Once a company has invested time and money to recruit and train a good employee, it is in their own best interest to retain that employee, to further develop and motivate him so that he continues to provide value to the organization. But, employers must also recognize and tend to what is in the best interest of their employees, if they intend to keep them. When a company overlooks the needs of its employees and focuses only on the needs of the organization, turnover often results. Excessive turnover in an organization is a prime indicator that something is not right in the employee environment. We will look at
Case Study Report: A Problems Analysis on the Organisational structure and Strategic Operation of Engineering Inspection & Insurance Co.