Development of the Industry - 1073 Words

This presence cannot be ignored and has led to the development of the industry. With new regulations being introduced, such as FoFA, threaten the same earnings as before but experts believe, from our interviews, will bring in large volumes of business to the industry. The industry would soon need to adjust to the newer conditions but is expected to develop around it given the opportunity the wealth pool has to offer. Further, the sophistication of the industry can be seen by the existence of over 200 Boutique Investment firms who provide expertise to their niche investors. There is an expectation of consolidation of these firms in view of the recent changes about slim margins but the market has seen disruptive firms booming without any old heritage and running successfully. More than 23 of Australian Investment firms are identified to be the Worlds Top 500 largest firms. The existence alone highlights the growth potential of the industry and the future of the industry. 3. Literature Review The future of the wealth management industry in Australia depends on the reasons that are leading to the growth of the industry such as superannuation pool, regulatory changes, digitalization, etc. There are also some challenges faced by the industry due to rising rates, higher contribution to superannuation, etc which hold back the development and with respect to that, policy makers have been making recommendations and suggestions which we look into to make a conclusion. SoShow MoreRelatedThe Development Of Restaurants Industries1088 Words   |  5 PagesExecutive Summary The development of restaurants industries has taken place in modern times of 1900 s. Customer satisfaction includes things that is done for the comfort and improvement of customers and is provided over the price paid for the food. Satisfying customers helps in maintaining the morale of restaurants which would help to retain the customers for longer duration. The satisfaction need not be in providing quality food but also in improving services given to customers. Customer satisfactionRead MoreThe Research And Development Industry Essay2048 Words   |  9 PagesRecently in the research and development industry, there has been an increased push for qualified health researchers to share individual-level data of participants in their studies with fellow researchers (Bull, Roberts Parker, 2015). The basis for the cultivation of this culture of sharing stems from the belief that multiple benefits can be reaped from practicing data sharing. These benefits include building a large internati onal dataset and network to allow for cross-border collaborations toRead MoreThe Development Of Luxury Industry1920 Words   |  8 Pagesgeneration, using luxury to measure whether one is success or not becomes a culture, and rich becomes the synonym of success in the society. The development of luxury industry benefits by this unhealthy culture; at the same time, people’s vanities also be expended by luxury which cause the distorted definition of success. The development of luxury industry never leaves human’s vanity. People want to look rich but not poor, specially, in United States and under American Dream. According to â€Å"Sales ofRead MoreThe Development Of Tourism And Hospitality Industry1410 Words   |  6 PagesCouncil (WTTC), the development of tourism and hospitality employment is important in developing countries. WTTC had done the research and found out that in future 10 years there will be a shortage or a talent ‘deficit’ in tourism and hospitality industry in 46 different countries. (WTTC, 2015) Indirectly, this will become the biggest challenge for Human resource department if there is a shortage of talented employees in human resource department and in the hospitality industry. Therefore, talentedRead MoreThe Development Of Tourism And Hospitality Industry929 Words   |  4 PagesCouncil (WTTC), the development of tourism and hospitality employment is important in developing countries. WTTC had done the research and found out that in future 10 years there will be a shortage or a talent ‘deficit’ in tourism and hospitality industry in 46 different countries. (WTTC, 2015) Indirectly, this will become the biggest challenge for Human resource department if there is a shortage of talented employees in human resource department and also in the hospitality industry. Therefore, talentedRead MoreThe Mining Industry And Sustainable Development Essay1543 Words   |  7 Pagesâ€Å"Giving with the one hand and taking with the other†, (The Guardian, 2015, p. 1). Thus in lies the precarious relationship between the mining industry and sustainable development. The mining industry has, from a neoliberalist perspective, represented a path to prosperity for developing nations to turn natural resources into capital. However, mining as an industry is indicative of â€Å"the curse of natural resources†, (Sachs Warner, 2001, p. 827) and potential prosperity derived from natural resources comesRead MoreCareer Development Of The Healthcare Industry971 Words   |  4 Pagesthat men and women in their forties and fifties were only looking toward retirement, not career development, and enhancement strategies. However, older workers, for different reasons, have changed their definition of retirement and are choosing to stay actively engaged at work. Moreover, the baby boomers are returning to school after decades away to complete their degrees to be competitive in their industry, gain valuable skills, or even change careers. While enjoying a successful career in healthcareRead MoreDevelopment Of Real Estate Industry Essay1023 Words   |  5 Pagesthe dominant purchasing power of the Australian market. With the influx of new immigrants, Australia s housing is still in short supply. The vigorous development of real estate will inevitably lead to the construction market and the development of related industries. 2. The demand is stable, and due to new immigrant tide triggered by the development of real estate demand led to a long-term upward trend, it is building materials export enterprises indispensable auxiliary Market. 3. DESIGN BUILD isRead MoreThe Construction Industry Development Board1454 Words   |  6 Pages1.0 Introduction Construction industry plays an important part as a stimulant in Malaysia’s economy. The Construction Industry Development Board (CIDB) was established as a government agency to facilitate and act as a catalyst to the development, is generally representing the construction industry to the government and the public. (Chan, 2009). According to Hiap (2012), the CIDB published a ten year Construction Industry Master Plan (CIMP) towards the end of year 2007, the aim is to refocus theRead MoreThe Development Of The Malquiladora Industries In Mexico1047 Words   |  4 Pagestime. This means that once the optional level of production is reached with labor and the returns starts to diminish, the firm will reach a point where they should invest in a new fryer rather than more labor. Question 2 The development of the malquiladora industries in Mexico may be seen as good for the Mexican economy and the people who have gained employment as well as beneficial to the US economy. The decision regarding the way investment is made is undertaken by looking at the potential

Alcohol Use, Abuse, And Related Accidents Among College...

Question: Alcohol uses among college students-What are the trends in alcohol use, abuse, and related accidents among college aged women versus men? Background National Institute on Alcohol Abuse and Alcoholism (NIAAA) defines low risk drinking as less than 4 drinks in a day.1 On the other hand, binge drinking as a pattern of drinking makes blood alcohol concentration (BAC) level to 0.07h/dL. This level is typically reached after 4 drinks for women and 5 drinks for men in approximately 2 hours. Drinking level is shown to increase 5 times more of drinking problems at three drinks and greater thereafter. Negative consequences are more likely to be associated when there are more than three drinks of alcohol consumption.2 Approximately 40 to 45% of college students in the US report engaging in heavy episodic drinking.3 Consequences of heavy drinking are widespread which include academic problems, unwanted sexual experiences, physical injuries, and death. A study titled Are Social Norms the Best Predictor of Outcomes among Heavy-Drinking College Students? by Neighbors et al found that social norms were the best predictors of typical weekly alcohol consumption amongst college students.3 In other words, perceived descriptive norms and approval of friends were the best predictor of heavy drinking in college years. Although men reported consistent alcohol consumption per drinking occasion, alcohol consumption among female college students seem to be increasing nowadays.4 According toShow MoreRelatedAlcohol As A Dangerous Deadly Weapon1677 Words   |  7 Pagesamendment, which banned all alcohol from being manufactured, transported, and sold in the United States. But it is ironic how the prohibition just brought in more of what it was trying to outlaw. The American citizens of course did not like this law so they eventually opened more bars and kept drinking illegally. Even going back to indigenous roots of Latino/Hispanics, alcohol has been a huge component to celebrations, traditions and social upbringings. The use of alcohol can be seen as one of theRead MoreUnderage Drinkers And The Drinking Age1237 Words   |  5 PagesAdults’ drink, which is no secret. Among these adults there are underage drinkers. As these underage adults indulge in this activity, they do so in hiding, pre-gamin g before they actually go out. Underage adults are binge drinking and doing drugs before they leave their house, then they are out on the road, in public places, and making irrational decisions. If only these adults didn’t feel the need to pre-game, and get as belligerent as the can before they go out, because once they do that’s theRead MoreThe Effects Of Underage Drinking On The United States874 Words   |  4 PagesThe abuse of alcohol among teenagers in the United States is universal and destructive. Teenagers believe drinking to be the cool that they must do to fit in with a crowd or become the popular one, when they do not realize all it brings is harm. Underage drinking has been one of the largest unsolved problems in history. Although many ideas have been made and put into practice, like raising the drinking age, harsher punishments, and, at one point, banning it all-together, nothing people do can stopRead MoreResearch Paper Drinking Age1565 Words   |  7 Pagesthere will be less alcohol related injuries and deaths from vehicle accidents, as well less alcohol abuse among teens due to binge drinking. On the other side, people in favor of lowering the drinking age believe that since turning eighteen is considered an adult one should entail the rights and responsibilities. The debate surrounding the drinking age is an ongoing battle, and it continues to flare up around the country. Millions of peoples are affected each day by alcohol. People do not realizeRead MorePersuasive Essay On Underage Drinking1515 Words   |  7 Pagesagree that alcohol should not be given or allowed to children or young adults under a certain age. Alcohol is a substance that is very dangerous and if you used incorrectly or immaturely the consequences can be great danger to the users or the ones around them. The topic of lowering the drinking age has been in discussion for many decades. â€Å"Between 1970 and 1976, 29 states lowered their age for drinking alcohol. The results were catastrophic. Highway deaths among teenagers and young adults skyrocketedRead More Consequences of Underage Alcohol Use Essay562 Words   |  3 PagesUnderage Alcohol Use   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Alcohol is the most widely used drug among youth. It causes serious and potentially life-threatening problems for this population. Research indicates that drinking is associated with risk-taking and sensation-seeking behavior among adolescents. Alcohol has disinhibiting effects that may increase the likelihood of unsafe activities.In 1997, 21 percent of the young drivers 15 to 20 years old who were killed in crashes were intoxicated. For young drivers, alcohol involvementRead MoreThe Effects of Underage Drinking Essay853 Words   |  4 PagesEvery year, thousands of minors die from the use of alcohol. Many young adults abuse the drinking age policy. It is put in effect for substantial reasons, which contribute in making the safest environment for all. Drinking underage is not only illegal, but also damages one’s health tremendously. Furthermore, drinking in large amounts is extremely dangerous and can cause detrimental things to occur. There have been numerous attempts to create a law to lower the drinking age, but none have gone throughRead MoreThe Minimum Legal Drinking Age1594 Words   |  7 Pagesthe Amethyst Initiative. The Amethyst Initiative is a groups of over 100 university and college presidents and chancellors from around the nation with the goal of lowering the drinking age to 18 (Fitzpatrick et al. 1608). The initiative was started by John McCardell, former president of Middlebury College, as a way to encourage other universities to be actively engaged in decreasing unsafe drinking on college campuses. Specifically, the Amethyst Initiative is attempting to curtail binge drinkingRead MoreDrinking Age1012 Words   |  5 Pagessources have proven higher drinking ages have a positive effect on society. Alcohol is harmful to the development of younger people. Research has shown that an adult is less likely to binge drink (have five or more drinks in a row). According to statistics from the National Institute on Alcohol Abuse and Alcoholism, teens become intoxicated twice as fast as adults. Because the teens get drunk faster they are less likely to know when toRead MoreThe Effects Of Alcohol And Tobacco On The Age Of Addiction981 Words   |  4 Pageslifestyles and over work, obsession with sports or video games, alcohol abuse, or drug abuse. A person can end up with a drug addiction or alcohol addiction at any age. Younger people face different social pressures surrounding drugs and alcohol. Substance abuse is often related to negative experiences at some point during life. Researchers have found that abuse at any age can influence an individual s choice to turn to drugs or alcohol. Middle age and elderly deal with life changes s uch as divorce

Titration Free Essays

Determination of the Percent Acetic Acid in Vinegar Objectives: (1) To introduce and use the concept of solution geochemistry (2) To specifically use solution geochemistry to determine the percent of acetic acid in vinegar. (3) To prepare a standard solution by the method of titration. Consider the following balanced chemical equations: IPPP + + OH (2) (4) (5) HCI + Noah HASPS + Noah CLC + – HASPS + – Niacin + HO Nassau + OHO acacia + OHO cases + OHO These reactions in water have one feature in common: a hydrogen ion from one impound reacts with a hydroxide ion from the other compound to form water. We will write a custom essay sample on Titration or any similar topic only for you Order Now The compound furnishing the hydrogen ion is called an acid and the one furnishing the hydroxide ion is called a base. The metal ion (the action) of the base and the anion of the acid combine to form a salt. In this context, salt is essentially synonymous with ionic compound. Reactions such as these are called acid-base reactions. The concepts of solution reactions and geochemistry in this experiment are applicable to any chemical reaction taking place in solution, not Just the acid base reactions indicated here. Geochemistry is the area of chemistry that deals with how much of one compound reacts with another. When compounds are mixed in amounts such that these amounts Just exactly react and none of any reactant is in excess (they are all the limiting reagent), this mixture is said to be a psychometric mixture or that psychometric amounts have been mixed. Observation of the above balanced equations indicates that symptomatically reaction occurs so that the total number of hydrogen ions available in the amount of acid reacting is the same as the total number of hydroxide ions available in the amount of base reacting. Thus in reaction 2) above, one mole (or one molecule) of HASPS (sulfuric acid) can furnish the same number of hydrogen as the number of hydroxides that two mole (or two molecules) of Noah can furnish. Therefore one mole of HASPS reacts with 2 moles of Noah (or one molecule of HASPS reacts with two molecules of Noah). This type of geochemistry information is obtained from any balanced chemical equation. In a solution the militarily, M, is the number of moles of solute in a liter of solution. Thus where n is the number of moles and V the volume in liters. By equation (6), the number of moles of solute in V liters of a solution of militarily M is Suppose one takes 34. 56 ml off 0. 13 M solution of sulfuric acid (HASPS). If one has a certain volume of sulfuric acid solution, there is one volume of a given Noah solution needed such that equivalent amounts of the two reactants are mixed. Equivalent amounts are the amounts that symptomatically react (that is, none of either reactant is left over). When the amount of Noah (in solution or otherwise) needed for psychometric reaction has been added, this is called the equivalence point. In the laboratory, the determination of the volume (the amount) of Noah required to exact symptomatically with the sulfuric acid solution is done by a procedure called titration. A burette is used to measure an accurate volume of the sulfuric acid solution into a flask. A few drops of an indicator is added and another burette is used to add the Noah solution to the sulfuric acid solution until there is a visual change in color of the solution (due to the indicator). There is a visual change in color in the solution caused by the indicator, a substance that changes color as close as possible to the point when the psychometric amount of Noah (in this case) has been added. When the solution changes color (the indicator changes color) this is called the endpoint of the titration. The solution should be colorless and change to a pink color (for the phenolphthalein indicator used here) upon the addition of one drop of Noah iterant. The indicator phenolphthalein is pink in basic solutions and colorless in acid solutions. The solution for the titration of sulfuric acid with Noah changes from acidic (indicator colorless) to basic (indicator pink) at the endpoint. At the endpoint the solution is slightly basic when the iterant is a base. Other indicators have a different color change but work the same in principle. The endpoint and the equivalence point should be as nearly the same as possible. In general for a sample of an acid which has z acid hydrogen titrated with Noah, the equation using normality, CEQ 38, is unchanged but CEQ 39 becomes CEQ 40 (40) % acid = (1 of For a sample of an acid with acid acid hydrogen titrated with a base with Sybase hydroxide ions, the percent of the acid in the sample is given by (41) (Sybase/acid)(Numb)(mom of Titration are usually used to determine the amount of a substance in a sample of a old or in a solution by determining the volume of iterant that is needed to react with the desired compound. In order to do this, the militarily and/or normality of the iterant solution must be accurately known and the chemical reaction between them must be known. This concepts and calculations above are not restricted to acid/base reactions and can be used for other types of chemical reactions. The definition of gram equivalent weight may change, however, to keep the requirement that one equivalent react with one equivalent. See the appendix to Experiment 9 for more illustration of this. If one considers the operations above, it will become clear why solutions are used in the laboratory. It would be difficult without using solutions to effect the reaction of the sodium hydroxide (a solid) with the vinegar sample (a liquid) and make accurate measurements in regard to how much sodium hydroxide would be required to react with a given sample of the vinegar. Using solutions makes the process much easier and convenient and is one of the reasons chemists use solutions. It does, however, require that one learn about solution concentrations and how they can relate to reaction geochemistry. In CEQ 32, note that in reaction only one of the four hydrogen in acetic acid reacts with the Noah to give a salt and water. Not all the hydrogen in compounds will react with the hydroxide of Noah to form water. Those that will are called acid hydrogen and the acid hydrogen are written first in the formula for a compound. Thus the formula for acetic acid is HACHURE indicating that it has one acid hydrogen. The determination of which and how many of the hydrogen are acid hydrogen in a compound must be done experimentally but once this is done, the formula is written so as to indicate this. How to cite Titration, Papers

Penalty Rates across Australia-Free-Samples-Myassignmenthelp.com

Question: You will write about story one on penalty rates, identifying the problem, analyzing it in terms of the relevant theory and literature, and provide practical solutions. Answer: Introduction Penalty rates are a form of compensation which is provided to the employees when the employees work on either Sundays or a public holiday. These rates are provided in from of additional compensation for the purpose of ensuring that fair compensation is provided in relation to the additional work done by the employees by sacrificing their leisure and free time (Hill, Jones Schilling, 2014). However the governments in Australia have taken a decision to reduce the penalty rate to be provided to the employees. When the employee rates were double the time for an employee working on a Sunday or a private holiday. However these payments in relation to full time employees have been reduced to half and time and in relation to casual employees it has been reduced to half and time. The purpose of this report is to identify the problem as a consultant of an organization operating in the retail industry which has been created through the deduction in penalty rates in relation to various areas of human resource management in the organization. The report initially identifies the problem and then analyze it based on relevant theories and literatures. Subsequent to the analysis the report recommends appropriate solutions in relation to the problem. The Issue As stated by ABC News (2018), the initiative taken by the government with respect to the reduction in the penalty rates across Australia has not been very successful as there has been a failure on the part of the strategy towards the creation of additional jobs and working hours. This is the primary issue which has been identified as a consultant to the organization. This result has been obtained through a survey which has been conducted by Macquarie University and University of Wollongong upon 1351 workers. It has been conducted through the research that no additional working hour has resulted out of the cutting strategy. The decision of cutting the penalty rates was attempted to be justified by the government by stating that the strategy is set to enhance the extent of services offered by the employees along with increase in additional working hours. The research has to the contrary made a finding that the working hours of the employees in the retail sector on Sunday have been decr eased by up to 9% after the new decreased rates have been implemented. In addition there has also been a significant decrease in the percentage of employees who work on Sundays. This has mainly been due to the decision of the employees of not working on Sundays where a lower penalty rate is provided to them. This issue may have a considerable impact of a few areas of HRM which are discussed in the report in The Light Of Relevant Theories And Literature. Strategic Hrm The organization must have the knowledge that Strategic HRM refers to typical components of HR such as hiring, payroll and discipline. The process incorporates the working of the employees in a collaborative way so that a boost in relation to quality, mutual benefit and retention of the employees can be achieved (Barney, 2014). According to the behavioral perspective in relation to strategic HRM there has been in order to get the best out of the employees their behavior in relation to elements like Motivation, expectations, conflicts. When the employees have proper motivation, their expectations in relation to their employment are met and there is minimum conflict which arise out of the workplace they automatically tend to provide more effort towards the organization. It has also been argued by Wheelen et al. (2017) that the satisfaction of employees in relation to the workplace has a significant impact on productivity of the organization. This is because when the employees are satis fied they are able to concentrate on their role within the organization in a much better way. In the present situation where the employees have been imposed with penalty rates which are less than what they use to receive. The primary purpose of a holiday penalties is to provide motivation to the employees to do additional work in a time which has been provided to them for personal use. Therefore it can be evidently stated that as the penalty rates have been reduced the motivation which the employees have to work in the given situation has reduced and the employer are not able to meet the expectation of the employees giving rise to conflict and subsequently low turnout of work of holidays. This statement can further be provided support through the results of the research conducted by Macquarie University and University of Wollongong where the same situation has been depicted through the research. Employee Turnover And Retention It is the duty of the consultant to discuss the impact of penalty rates on employee turnover and retention. One of the most significant challenges which are faced by the HR managers is in relation to their role in the organization is that of employee retention. Retaining employees is of significant importance to the organization (Albers et al., 2017). This is because when the organization is not able to retain employees it has to bear an additional cost in relation to the process of recruitment. In addition where the retrenchment rate of the organization is high the potential employees believe that there is something not right with the management within the organization and therefore refrain from applying in such companies. Out of the two types of turnover (voluntary and involuntary turnover) the one which is a more significant threat to the organization is the voluntary turnover. This is the kind of turnover which is initiated by the employees themselves and takes place in a situati on where the organization wants the employees to be a part of it. There are various reasons why employee turnover takes place. These includes getting better opportunity, not able to maintain a proper work life balance, poor management, conflict within the workplace and payment and compensation system and an overall unhealthy working environment (Slack, 2015). There are a few theoretical perspectives which have been provided in relation to the element of retention and turnover. One of such perspectives is in relation to the theory of distributive fairness. The theory is in relation to the decision taken by people based of the made contribution and the outcome received through it. Employees in the same way also consider the amount of contribution which has been made by them and the amount if compensation which is received in relation to the contribution to determine the feasibility of working with the employer in future. In situation where the penalty rates have been decreased by the government it is evident that the voluntary turnover of the employee would increase (Barney Hesterly, 2015). This is because in addition to the lack of motivation in the employees it can be stated that the employees have will have the view that the amount of additional effort they are providing is much more than the compensation which is being provided to them . Sacrificing personal time to work for the organization would be considered as a significant contribution and the lower penalty rates would be considered as a less compensation against the contribution (Rothaermel, 2015). Motivation, Rewards And Compensation A consultant has the duty to inform the organization about the importance of motivation, rewards and compensation. According to the equity theory a person in order to analyze whether the situation he or she is in is fair or not compares the situation which are faced by others. Thus as per the principles of this theory the ratio of perceived outcome such as working conditions or penalty rates is compared by a person with perceived input such as effort to the same ratio as others. Whether equity is perceived or not determines the consequences of the actions of the individuals. Where the person is able to perceive equity there is no change and where the person is not able to perceive equity there is going to be a change within the behavior and attitude of the person (Morschett, Schramm-Klein Zentes, 2015). When it comes to payment of penalty rates, external equity is taken into consideration by the employees. This means that the employees will tend to compare the penalty rate which they use to receive or what others are receiving in some other industry to perceive equity. In the given situation where penalty rates are different for specific industry employees working in sectors having a low penalty rate will not be able to perceive equity and there will be an evident change in their behavior. In addition it has been argued by Frynas and Mellahi, (2015) that a payment structure which is based on jobs may not result in a behavior which is desired, specifically in an environment which is changing rapidly. Thus penalty rate based on the kind of industry and the type of employment a person is engaged in would also not be suitable to derive the desired behavior from the employees. Diversity And Work Life Balance The organization has to consider the importance of diversity and work life balance in relation to the management of employees. It has been argued by Morden (2016) that providing addition compensation the employees to work on those days which are reserved for their personal use is unethical in nature and also not very effective in the long run as it disturbs the work life balance of the employees. Thus this argument can be taken in favor of the decrease in penalty rates for working on holidays. In addition a holiday on Sunday is a culture in Australia which is only for the purpose of relaxing and indulging into personal work. Allocating work on a holiday to the employer would lead to the operating against such culture. However these practices are totally legal in Australia as they are done for the betterment of market and smooth functioning of trade. In this situation it can be provided that penalty rates have been decreased for the purpose of ensuring that a pooper work life balance is established. However it has also been provided that the sending on consumer products has considerably decreased from the time there has been a reduction in the rates. This evidently provides that the employees are not able to maintain proper life-style due to the less compensation received by them. The situation will therefore have an adverse impact on their work-life balance (Goetsch Davis, 2014). Recommendations As a consultant it would be suggested that a an equal penalty rate opportunity program has to be initiated for the purpose of addressing the issue in relation to the different penalty rates. This program can function in from of an Equal Employment Opportunity plan through which the employees would be able to perceive equality (Hitt, Ireland Hoskisson, 2015). The employers have to observe distributive as well as procedural fairness while dealing with those employees who seek to work on Sundays and public holidays. In relation to such fairness the employees may provide the employees some form of fringe benefits in situation where the penalty rates have been reduced. The motivation of the employees to work on holidays has to be enhanced by employers. A lack of motivation is a serious problem which has been indentified in relation to the reduction of penalty rates. Motivation can be enhanced by providing lesser work on holidays where there has been a reduction in penalty rates. The employers have to ensure that the work-life balance of the employees is maintained so that they can contribute fairly towards their role in the organization. Satisfied employees tend to provide more productivity. Work-life balance of the employees can be improved by given them flexible working hours. Conclusion Employment relationship is the core to the success of any organization. As a consultant to the organization it would be stated by me that the organization has to enhance employment relation which can be done through providing employee satisfaction. The organization has to incorporate strategic HRM in order to effectively manage its employees and increase productivity. The lower penalty rates have de motivated the employees to work effectively. Thus the organization needs to address the issue by provided adequate compensation and rewards to the employees as well as a healthy working environment which is inclusive in nature References Albers, S., Baum, H., Auerbach, S., Delfmann, W. (Eds.). (2017). Strategic Management in the Aviation Industry. Taylor Francis. Barney, J. B. (2014). Gaining and sustaining competitive advantage. Pearson higher ed. Barney, J. B., Hesterly, W. (2015). Strategic management and competitive advantage concepts and cases. Pearson. Frynas, J. G., Mellahi, K. (2015). Global strategic management. Oxford University Press, USA. Goetsch, D. L., Davis, S. B. (2014). Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Hill, C. W., Jones, G. R., Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning. Hitt, M. A., Ireland, R. D., Hoskisson, R. E. (2015). Strategic management: Concepts: Competitiveness and globalization, chapter 3-The internal organization: Resources, capabilities, core competencies and competitive advantages. South Melbourne: South-Western Cengage Learning. Morden, T. (2016). Principles of strategic management. Routledge. Morschett, D., Schramm-Klein, H., Zentes, J. (2015). Strategic international management (pp. 978-3658078836). Springer. Rothaermel, F. T. (2015). Strategic management. McGraw-Hill Education. Slack, N. (2015). Operations strategy. John Wiley Sons, Ltd. Wheelen, T. L., Hunger, J. D., Hoffman, A. N., Bamford, C. E. (2017). Strategic management and business policy. pearson.