Discuss the benefits that accrue when an organization has a good understanding of employee needs.
To determine:
The benefits of good understanding of employee's needs.
Introduction:
For growth, the organization needs to maintain the environment of the organization for which they need to understand the needs of the employees. According to the need, the organization needs to motivate the employee for a better outcome.
Answer to Problem 1CRQ
Benefits that accrue when an organization has a good understanding of employee needs are given as below:
- Successful Workers
- Accomplishment of Objectives
- Building a Positive Working atmosphere
- Measures growth level
- Build Team culture
Explanation of Solution
Motivation is an individual's set of Needs and efforts directed for achieving a goal. Benefits that accrue when an organization has a good understanding of employee needs are given as below:
- Successful Workers:
The most important factors in employee production are to accomplish goals. Understanding the needs of employee helps in motivating the employee to work and complete their task in more effective way. Therefore, Motivating the employee more helps them to be more Successful Employee. As Strong employees meet their target on daily basis as they work effectively always get everything in their life and all their needs gets fulfilled.
- Accomplishment of Objectives:
When employees are performing their jobs effectively, their confidence gets improved every time. It is important to promote positiveand active work environment. If Employees are motivated properly all the time the positive results always come in the organization with positive atmosphere. And with the help of improved confidence the employees can accomplish their daily objectives.
- Measures growth level:
When the confidence is improved it get very easy to measure the activities.Employee evaluations on regular basis in the organization helps to see growth of the company. It helps in forecasting the good senseabout making growth over time. Moreover, making continues measure help in tracking the employee activity and according motivating them as per the need help the employee to get more success, so get more success of the employee will ultimately help the company to increase the success of the organization.
- Build Team culture:
Motivation help the employee to create positive attitude and get confidence which creates a friendly interaction between the groups of employees, which helps in building a strong team in the organization. And building a strong team always helps in achieving the organizational goals. There for teamwork help in making a lot of profit with the help of maximum use of resources and make best outcome in the market.
Want to see more full solutions like this?
Chapter 7 Solutions
Organizational Behavior
Additional Business Textbook Solutions
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
MARKETING:REAL PEOPLE,REAL CHOICES
Intermediate Accounting (2nd Edition)
Engineering Economy (17th Edition)
Foundations Of Finance
Financial Accounting, Student Value Edition (5th Edition)
- Please respond to the following questions regarding the Belize Road Safety Project. -Identify and describe the technique or method used by the project sponsor to select the project among competing or multiple other projects ideas for the country. Hint: (Benefits Measurement, Constrained Optimization, Other?) -Identify and describe five (5) characteristics that made this endeavor a project. Use project data or information to support your answer. - State the project developmental approach used for the project. Give reason(s) or justification for your conclusion. Hint: (Agile/Adaptive, Waterfall/Traditional, Hybrid approach?)arrow_forwardSolve correctly and no aiarrow_forwardRocky River Fast Lube does oil changes on vehicles in 15 minutes or less. The variable cost associated with each oil change is $12 (oil, filter, and 15 minutes of employee time). The fixed costs of running the shop are $8,000 each month (store manager salary, depreciation on shop and equipment, insurance, and property taxes). The shop has the capacity to perform 4,000 oil changes each month.arrow_forward
- The formula to calculate the amount of manufacturing overhead to allocate to jobs is: Question content area bottom Part 1 A. predetermined overhead rate times the actual amount of the allocation base used by the specific job. B. predetermined overhead rate divided by the actual allocation base used by the specific job. C. predetermined overhead rate times the estimated amount of the allocation base used by the specific job. D. predetermined overhead rate times the actual manufacturing overhead used on the specific job.arrow_forwardThe Fantastic Ice Cream Shoppe sold 9,000 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in large tubs from the Dream Ice Cream Company. Each tub costs the shop $9 and has enough ice cream to fill 20 ice cream cones. The shop purchases the ice cream cones for $0.10 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $2,050 per month. The shop expenses $290 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,700 of other operating expenses (75% of these were fixed costs).arrow_forwardHello tutor please provide correct answer general accounting questionarrow_forward
- Robinson Manufacturing discovered the following information in its accounting records: $519,800 in direct materials used, $223,500 in direct labor, and $775,115 in manufacturing overhead. The Work in Process Inventory account had an opening balance of $72,400 and a closing balance of $87,600. Calculate the company’s Cost of Goods Manufactured.arrow_forwardSanjay would like to organize HOS (a business entity) as either an S corporation or as a corporation (taxed as a C corporation) generating a 16 percent annual before-tax return on a $350,000 investment. Sanjay’s marginal tax rate is 24 percent and the corporate tax rate is 21 percent. Sanjay’s marginal tax rate on individual capital gains and dividends is 15 percent. HOS will pay out its after-tax earnings every year to either its members or its shareholders. If HOS is taxed as an S corporation, the business income allocation would qualify for the deduction for qualified business income (assume no limitations on the deduction). Assume Sanjay does not owe any additional Medicare tax or net investment income tax. Required 1. For each scenario, C corporation and S corporation, calculate the total tax (entity level and owner level). 2. For each scenario, C corporation and S corporation, calculate the effective tax rate. C Corporation S Corporation 1. Total tax…arrow_forwardI need correct solution of this general accounting questionarrow_forward
- Hii expert please given correct answer general accountingarrow_forwardMarkowis Corp has collected the following data concerning its maintenance costs for the pest 6 months units produced Total cost July 18,015 36,036 august 37,032 40,048 September 36,036 55,055 October 22,022 38,038 November 40,040 74,575 December 38,038 62,062 Compute the variable coot per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25) Compute the fixed cost elements using the high-low method.arrow_forwardUse the following data to determine the total dollar amount of assets to be classified as current assets. Marigold Corp. Balance Sheet December 31, 2025 Cash and cash equivalents Accounts receivable Inventory $67000 Accounts payable $126000 86500 Salaries and wages payable 11100 149000 Bonds payable 161500 Prepaid insurance 83000 Total liabilities 298600 Stock investments (long-term) 193000 Land 199500 Buildings $226000 Common stock 309400 Less: Accumulated depreciation (53500) 172500 Retained earnings 475500 Trademarks 133000 Total stockholders' equity 784900 Total assets $1083500 Total liabilities and stockholders' equity $1083500 ○ $269100 $385500 ○ $236500 ○ $578500arrow_forward
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning