Synopsis of the article Personnel costs are among the highest for organizations

Synopsis of the article Personnel costs are among the highest for organizations

The watercooler has become a symbol in business life. It, or any common gathering place in an office slightly removed from the cubicles and desks, is a place to share information, both casual and vital, and to build networks with colleagues you don't necessarily see or interact with every day. The Watercooler activities throughout this course and program will help you get into the practice of looking beyond your metaphorical cubicle to seek out topical news stories and ideas and analyze them with your instructor and colleagues. Familiarity with current trends, topics, and events is an important element of your participation and success in the business world. Use the following guidelines for your Watercooler assignment. Copy and paste these headings into a Word document. (See the exemplar following the guidelines.) Name: Date: APA citation of the source: A synopsis of the article. (100-150 words) An analysis of the article and how it relates to the course topic of Business Strategy for Competitive Advantage. (100-150 words) Exemplar for the Watercooler Application: Name: Edward Garrett Date: 4/23/09 APA citation of the source: Petraco, A. (2008). Take it outside! Workforce management outsourcing. Workforce Management, 87(4). Retrieved from Business Source Premier database. Part 1: Synopsis of the article Personnel costs are among the highest for organizations. With an increasing trend toward globalization and remote workforces, many of the costs associated with the workforce become a burden on the organization, especially if costs are centralized, but the employees are not. Outsourcing from either a single or multiple vendors can provide a viable and cost-saving solution. The benefits include reduced impacts on Payroll and Human Resources, as well as more precise data about employee activities and time tracking. Centralized access to information, such as policies, schedules, and time tracking when managed by an outside organization, reduce costs and enhance efficiency. Part 2: Analysis of article based on the course topic This article relates to the course content because it links the concept of outsourcing to strategic decisions about cost management and relations between personnel and the organization as a whole. It touches upon some of the lessons of organic growth strategy, namely the importance of employee satisfaction. In addition, it may work within a value innovation strategy as well; insofar as reducing costs for such activities like payroll and human resource information systems will allow an organization to free up resources and therefore lower costs in order to meet pricing goals. In addition, this article suggests that organizations consider viewing the outsourcing decision as a strategic calculation, analyzing the impact on the entire organization.


Academic Level Masters
Subject Area Nursing
Paper Type  Assignment
Number of Pages 1 Page(s)/275 words
Sources 1
Format APA
Spacing Single Spacing

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