MANAGING PEOPLE AND PRODUCTIVITY Essay Example | Topics and Well Written Essays - 4750 words

MANAGING PEOPLE AND PRODUCTIVITY - Essay ExampleThis has given swot to the need for companies to pay a great deal of attention to employee performances on the job and motivate them effectively, in order to improve the productivity of an organization.The recent credit crunch has hit the banking industry particularly hard, round the spotlight on the manner of functioning of these institutions. The need for quality and accountability in these organizations has become sluice more evident, especially in a recessionary environment where productivity has become even tougher to attain. The anxiety of human resources has come to play an even more important role in achieving that productivity and actuate employees has become vital, especially for the banking industry. This study therefore proposes to apply a case study approach to visit issues surrounding the motivation of employees in Barclays Bank.The true origins of the crisis can be traced back several years to the latish 1990s when , concomitant with financial deregulation in the United States that commenced during the Reagan administration, banks began to change their traditionalistic mortgage arrangements. Earlier, mortgages issued were some and far between, because banks provided them to customers only after intense verification checks on credit and customer income. The customer was past obliged to make regular monthly payments to the bank. Earlier, banks had to finance their mortgages largely from their existing deposits from other customers as a result this restricted the scope of their alter. With the rise in the mortgage bond market, this situation changed because banks were able to reckon additional sources of funding for loans through investors in mortgage bonds. Banks began to lump their mortgages together with other kinds of loan assets and exchange them off to investors in the bond market, through the process of securitization of loans.In recent years, many of the regulatory measures that wer e instituted as a part of the New Deal after the Great depression of 1929 have been overturned, including the Steagall Glass Act, which impose restrictions on speculative activity. (Chossudusky, 2008). Inflation in most developed countries was held down in developed countries much(prenominal) as the U.S. and the U.K. using the cheap imports available from countries such as China. Since inflation rates were low, this also helped to storage area interest rates low, pushing up the value of property prices.(Blythe, 2008). Such an atmosphere, where property values appeared to be stable and keep rising, only encouraged banks further to branch into more speculative activity related to to mortgage lending, and to lend out more than what they had on deposit from customers.(Blythe, 2008).The model presented below graphically depicts the traditional model of mortgage lending as compared to the current, existing system which involves third party bond investors, with deregulation encouraging speculative activity by banking institutions.Fig 1 The new model of mortgage lending (Source http//news.bbc.co.uk/2/hi/business/7073131.stm) THE NEW MODEL OF MORTGAGE LENDING Top of FormHow it went defectiveBottom of FormAs per the new model, the banks rely on additional source