Statistics Research and Business Methods

Question: Explain about the statistics research and business methods. Answer: 1.0 Introduction The employee and workforce of any organization hold paramount importance to an organization. The success of any organization is dependent on the efficiency and the skill of a worker. In the current scenario, the competition level has drastically increased among the business organization. The productivity of an organization is directly correlated to the efficiency, skill and productivity of an employee. Every company realizes the importance of employees and deriving full efficiency from workers. Basically workers are the main pillar of the business organization. It can be seen that managing employees is a discipline. There a code of conduct is prepared for such employees. The Government prepares certain policies and plan keeping the socio economic development of the country in mind. Therefore, every organization has to maintain code of conduct and policies in direct alignment with the policies and regulations of the government (Willison and Warkentin 2013). This leads the topic to Employee Policy Revision. This is an important aspect in terms of performance of the company and the evaluation of work environment and procedures and methodology followed by the company. The research article is propounded on the research needed to be conducted for evaluating and assessing employee policy revision. 1.1Background of the Study It has been noted and inferred that employee play a major part in the efficient functioning and operation of an organization. It can be seen that the impact of the employees on an organization is very high. High productivity of the employees positively affects the organization with high productivity and profitability. Low productivity negatively affects the organization. Therefore, careful strategies and revision in the policies regarding the employees need to be made. These revisions and changes made in the employee policy holds strategic and critical importance as it significantly impacts the organization and it has deep rooted implications in the longer run. However, it has been contradicted by scholars and experts that many changes and amendment of the management policies is done at the cost of the social community and the external environment (Andries and Czarnitzki 2014). The government is established and chosen for serving the public and working efficiently for the public. Socio-economic policies are made for the people and for the betterment of the people. It is made with the intention of improving and raising the living standards of the social community. Socio- economic policies are made with the best intention of the public, which underlines the importance of economic development and the overall development of the social community and the economy of a place. Socio-economic plans are prepared with the intention of benefitting the society on the whole and enhancing the economy of a place. Overall development of the society and the sustained increase in the growth of the economy is the main motive of the government as it is prepared with the intention of uplifting the position of the society and making sure that the public benefits from the plans and policies made by the government. However, organizations and corporate houses have opposite purpose and objectives. Profitability and maximizing the turnover is the objective of organizations. This is only possible through labor and workforce. One can observe that workforce is the tangible property of an organization and an indispensible force of the organization. The productivity of the employees directly affects the productivity and profitability of the organization. Organizations often exploit the workforce for meeting their ends. This can be seen from cases like increasing the working hours of the labor, in order to increase the production and ultimately increase the productivity. This is increase in working hours is not matched with fair remuneration. The remuneration of employees is adversely amended by organizations during period of low productivity and profitability. There are adverse market condition during which, polices and plans regarding employees are amended and revised. These plans and policies of the organizations exploit the employees and hinder the process of development of the society and the economic conditions of the society (Willison and Warkentin 2013). Rationales of the Study Taking the evidence of past evidence and Fujairah Cement Industries and corporate practices by organizations on a whole, it has been witnessed and inferred that the management policies and plans have contravened and interfered with the plans and policies of the Government. Therefore, one can infer the clash of interests and the unethical practice that management can at times undertake to meet its ends and needs. This does imply making profit at the cost of the interest and benefit of the social community. This has led to a gap between the policies and purposes of the government and the policy and purpose of the management policies and plans (Reynolds 2014). There should be direct alignment between the plans and policies of the management and the government. Ideally, there should not be any contraventions and clash between an organization and the government. Henceforth, the study focuses on the correlation and the level of effect employee revision policy has on the government policies and what method and approach can be adopted to bring about an alignment between the two forces. 1.2 Aims of the Research The aim of the research is to understand and propose a suitable employee revision policy of The Fujairah Cement Industries Dibba. The research study aims on proposing a suitable employee revision policy of the organization, which does not contravene and contradict with the policy of the government. 1.3 Research Objectives To formulate an appropriate employee revision policy for Fujairah Cement Industries Dibba. To reduce and bridge the gap between management policies and the government. To provide the HR department of the organization with ways and methods of creating a strong workforce and a healthy work atmosphere in the organization. To provide suitable recommendations to the organization for maintaining a balance between purpose of management and purpose of the government. 1.4 Research Questions How to formulate an appropriate employee revision policy for Fujairah Cement Industries Dibba? How to reduce and bridge the gap between management policies and the government? How to provide the HR department of the organization with ways and methods of creating a strong workforce and a healthy work atmosphere in the organization? How to provide suitable recommendations to the organization for maintaining a balance between purpose of management and purpose of the government? Reference List Andries, P. and Czarnitzki, D., 2014. Small firm innovation performance and employee involvement.Small business economics, 43(1), pp.21-38.Butts, M.M., Casper, W.J. and Yang, T.S., 2013. How important are workfamily support policies? A meta-analytic investigation of their effects on employee outcomes.Journal of Applied Psychology,98(1), p.1.Caldas, A.R., 2014.The employee policy manual(Doctoral dissertation, NSBE-UNL).Chen, R.R., Chou, T.K., Lin, H.C., City, T. and Long, M., 2013.Examining Expensing Employee Compensation Policy: Theory and Evidence.