The dynamics of employment relations in British Airways Essay

The dynamics of employment relations in British Airways - Essay Example According to the research findings employment relations refer to the collective and individual dimensions of labour and the associated buying and selling of this labour power. However, fundamentally the definition of employment relations does not remain restricted to the field of trade unions, government agencies and employer’s associations or processes of collective bargaining; it rather focuses on employment relationships. Poole has rightly defined the scope of employment relationships as a discipline concerning the systematic and organised study of all the aspects of employment relationships in the organizations. This relationship is generated when an employee sells his capacity of work in exchange for wages and other benefits. It also considers the potential disagreement between employees and employers and considers the broader context in which organizations operate, influence of the broader nature of economic activities, analyses the basis of conflicts and accommodations between employers and employees and develops interdisciplinary approaches based on ideas and concepts derived from sociology, psychology or even economics. This assignment analyses the various employee engagement strategies and employment relations strategies in British Airways and the associated policies and practices implemented by the organization. This is done in the context of suitability or fitness of these strategies with the present and emerging trends of business. The use of these strategies and their impacts in driving organizational performance and productivity are analysed in the project. The project also analyses whether and how British Airways evaluates the performance of its employees. Based on this analysis suitable recommendations are provided with regards to the current employment relationship strategies in the organization. This is done to ensure they are strategically beneficial for the organization and are cost effective too. Finally an action plan is provided w ith clearly defined processes and practices along with the likely outcomes they could generate for the organization. Findings Employment Relations in the organization British Airways began its existence within the public sector and had majority of its characteristics in tandem with employment relations of the public sector organizations. The organization was highly unionised and recognised sixteen separate trade unions. One of these was BALPLA (British Airlines Pilots Association). This union

Capital Market Theories Market Efficiency Versus Investor Prospects Essay

Capital Market Theories Market Efficiency Versus Investor Prospects - Essay Example One example of such services is information technology consultancy provided by the external auditors to their audit clients. This approach was an already existing policy of many good governance advocates. The huge scandals that involved companies like, Enron and WorldCom, who were associated with accounting frauds characterized by presentation of obscure, incomplete and confusing financial data and business relationships that had misled external investors, had suggested the necessity to introduce an act that will impose strict regulations on the accounting system all over the world, thereby giving rise to a robust governance framework. That being said, it is not surprising that following the scandals, the reforms that were brought in the post-SOX governance framework were mostly related to the process of auditing and presenting financial data. The largest dollar impact on the US economy was stimulated by the post-SOX changes made in the auditing regulations. The post-SOX reforms were directed towards eliminating and reducing relationships that may pressurize, tempt or influence an external auditor into acting in a biased manner towards their corporate clients. The underlying idea behind these changes was to render the auditing officials less likely to fall into the pattern of acting as reciprocating relatives. This was done in order to satisfy their interests at the expense of the investments made by the public. As far as the new audit related changes in the board of governance is concerned, the mandates had called for changes to be made in the managerial level in order to reduce any conflict of interest and interpersonal pressures. This reform was brought primarily because it would require the directors to act as judgmental monitors of management instead of acting as a reciprocating friend. In addition to these rules that emphasized on conflict reduction, other standards were also