Question

REQUIRED:

1. We have discussed employees are the most valuable assets of an organization, even though they are not listed in the Balance Sheet. Without employees, an organization is nothing. Explain the main reasons why employees are valuable assets, and why the organization should treat them well?

2. Describe what employees expect from the organization and why?

3. How should an organization treat its employees during a pandemic? – Discuss from both organization and employees’ perspectives. Discuss how the pandemic affects the above two points. Compare what the organization can do and what employees need during a pandemic?

4. Provide your suggestions on how to help employees (including those who lost jobs) go through the difficult time?

(Word Limit: 1500)

Answer 1

Employees are not shown in the balance sheet of an organization but still are considered as the greatest asset for the organization and they should be treated well because of various reasons. Some of the reasons are listed as follows -

1) Employees are maker of the goods and services provided by the organization - Employees make the final goods and services for the organization which are essential for the survival of the organization. So, the employees are crucial for survival of the organization.

2) Employees are also customers to the organization - The employees must be treated as customers and efforts shall be made to satisfy them as they are the ones who will further deal with the customers and make profit for the organization.

3) Employees act as the face of the organization - For the general public, the only face for the organization is its employees and when employees are satisfied and happy with the organization they will make efforts to make the customers happy.

4) Employees act as strong base for the organization - Employees behavior, their dedication for the organization makes the organization as a strong and long running organization so they must be treated well.