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Employees retention and sepration
Challenges in employee retention
Challenges in employee retention
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From the town that brought you some of the biggest movie classics (and some of the biggest flops) comes a new business model called the Hollywood Project Model, which experts are predicting this is the work model of the future. But before you make an appointment with one of the plastic surgeons to the stars for a little liposuction or lip injections, the Hollywood model has nothing to do with looking like an A-lister.
Recently, New York Times journalist, Adam Davidson, was asked to be a financial advisor on a big-budget Hollywood film. He wrote about his experiences on that movie set, noting that “The team had never worked together before, and the scenes they were shooting that day required many different complex tasks to happen in harmony:
That director then assembles a team of highly-skilled individuals (cinematographer, actors, hair and makeup people) who work together only as long as is needed to make that film. The group then disbands and eventually each individual is attached to a different project in the future.
This short-term, project-based structure is a far cry from the traditional corporate model that has been used for decades around the world. In the corporate model, capital is first spent to get the business going, then management hires workers for long-term, open-ended jobs that generally last for years and years. A traditional employee may be hired and work for the same company for 40 years in this classic work
Bureau of Labor Statistics estimates that employment services (temporary staffing) will grow at twice the growth rate of the overall economy by 636,000 jobs in the next 10 years
• In the oil and gas industries, as much as 77% of the workers are from outside the employee base
• In this new economic landscape, there is no immunity from being replaced by temps. As an example, even top-level managers and executive teams are being replaced by super-temps in the C-suite
• Temp or ‘contingent workers’ are well educated and specialized in project work
When we look at the key elements of the Hollywood project model, we see that they are aligned with the shift currently happening in corporate America:
• Workers have highly specialized and valued skills
• Teams come together to collaborate on short-term projects that may last anywhere from a few weeks to a year, depending on the size and scope of the project
• Constant market signals not only let workers know when their skills are highly-valued but also let employers separate the wheat from the chaff, ensuring budget allocation goes to the top
An example in the film that highlights the demise of the studio system is when Joe pitches a script idea to a producer of Paramount. Joe is quick to say that the film only needs one main character, has many outdoor locations and can be made ‘for under a million dollars’ (Joe Gillis, Sunset Boulevard, 1950), which highlights the idea of saving money on a s...
A set of practices concerning the narrative structure compose the classical Hollywood Paradigm. These conventions create a plot centering around a character who undergoes a journey in an attempt to achieve some type of goal (). By giving the central character more time on screen, the film helps the audience to not only understand the character’s motivation but also empathize with his/her emotional state. Additionally, some antagonistic force creates conflict with the main character, preventing immediate success(). Finally, after confronting the antagonist, the main character achieves his or her goal along with growing emotionally(). This proven structure creates a linear and relatively easily followed series of events encompassing the leading character and a goal.
This case really takes a look into the world of the movie industry. The entertainment aspects and the motion picture exhibition are massive points that really make this case study interesting. This case harps on the dynamics of the value variables that have an impact on the profitability of movie theater owners. Consumers ultimately decide the way the studio-dominated business model will grow.
The Studio System Key point about the studio system could be: Despite being one of the biggest industries in the United States, indeed the World, the internal workings of the 'dream factory' that is Hollywood is little understood outside the business. The Hollywood Studio System: A History is the first book to describe and analyse the complete development, classic operation, and reinvention of the global corporate entities which produce and distribute most of the films we watch. Starting in 1920, Adolph Zukor, head of Paramount Pictures, over the decade of the 1920s helped to fashion Hollywood into a vertically integrated system, a set of economic innovations which was firmly in place by 1930.
Larson, C. and LaFasto, F. (1989), Teamwork: What Must Go Right/What Can Go Wrong. Newberry Park, CA: Sage Publications, Inc.
Hankin, Harriet. The New Workforce: Five Sweeping Trends that Will Shape Your Company's Future. New York: AMACOM Div American Mgmt Assn, 2005.
The report of Robert Reich: “Why the Rich are getting Richer and the Poor, Poorer,” is an eye opener and a warning for society regarding unemployment that it will be facing and is currently facing due to a lack of technology and education. It clearly articulates that the jobs of routine producers and in-person servers have vanished totally as modern techniques have replaced them. The author has stated that the only people whose jobs are on the rise are symbol analysts. As stated in the report, symbol analysts are the real problem solvers. Their skills are highly in demand worldwide because they are the ones who first analyze the problem and then solve it. The Hart Report, on the other hand, also states the same problem of unemployment and the global recession which has left employers focusing on employees not only with specialists’ skills but also a “broader range of skills and knowledge” (page 6-7). The Hart Report clearly reflects what the needs of contemporary employers are, but the question is whether it is the universities or the students themselves who fail to cope with the requirements of the contemporary world which is filled with technological advancement and critical thinking. The Texas Work Source has also played an important role in examining what is actually missing in today’s generation and the reasons behind such a great decline in employment. The central
...temps. Using contingent staff for the purpose of cutting costs impedes employee morale by reducing employees' feelings of security, but using temps to enhance labor for short periods of time can actually enhance employees' sense of security (Way, Lepak, Fay & Thacker, 2010). If an employer hires contingent workers simply to save money, permanent employees may fear they are in danger of being replaced, and may treat the temps with contempt. Employees who feel contingent workers are there to assist in a time of need or to tackle an auxiliary project are more likely to embrace temporary or contract workers. ORBA's accountants appreciate the added help during the stressful tax season. Companies should be open and honest with their employees, and should be able to reassure employees that temporary workers are there to enhance, not replace, their efforts.
Throughout the article, the authors’ focus has been on changes in automotive organizations in terms of their hierarchy, individual responsibilities, inter-organizational communication and product strategies. The details of project management aspects novel to each phase have been presented with an extensive research and illustrations. Examples of leading car manufacturers such as Chrysler, Renault and Toyota help relate the authors’ theories with real world situations. It is interesting to note how the vertical corporate structure from the first phase was gradually complemented by a horizontal line of authority as organizations embraced project functions to cope with the ever-increasing number of products and their decreasing life cycles. A clear trend of differentiation of projects...
Johnston , William B. and Packer, Arnold H., (1987). Workforce 2000: Work and Workers for the 21st Century.
The Golden age of Hollywood marked a time in American films history in which films were produced and distributed at rate never seen before or since. During this period, the film market in America was basically entirely run by 8 major companies. This period would also be known as the American studio years. Within these 8 companies there were two categories of power that each major studio system fell into. The big 5 consisted of studios that functioned as vertical integrated which meant that they produce film, distribute films, and they own theater chains. The 5 studios in this category were Paramount, MGM, 20th Century Fox, Warner Bros, and RKO. Then we have the big little 3, which was composed of Columbia, Universal, and United Artist. They were called the big little 3 because these companies either distributed or made films but they did not on movie theaters, so they had a lot less power. The studio era was not only largely controlled big studio companies, but also by various amounts of expectations and assumptions about hoe movies should be made, what kinds of stars should be on different kinds of films, and a need to acknowledge the ordinary conventions of society
Lowson, Kathleen. ""HOLLYWOOD POWER IN THE 21ST CENTURY"©Taking the Controversy to a Level of Action -- Hollywood's Power Elite Speaks Out By Kathleen Lowson." "HOLLYWOOD POWER IN THE 21ST CENTURY"©Taking the Controversy to a Level of Action -- Hollywood's Power Elite Speaks Out By Kathleen Lowson. Lowson
Recovery of the economy after the United States recession takes on a sluggish pace. With the disruption of economy, employment also takes on a different route both for employees and employers alike. With it, temp jobs paved the way in providing work to job seekers and have helped employers cope with the noteworthy challenges economically. The temporary help services industry which is comprised of staffing companies and temporary agencies has made significant impact in helping out the labor market in US.
Maria G Mackavey. Journal of American Academy of Business, Cambridge. Hollywood: Sep 2006. Vol 9 iss; pg244 6pgs
Project management creates a situation where the workers perform their duties and responsibilities in a structural and devoted manner. With much dedication and focus it is possible to use fewer workers to accomplish and execute a project. Allowing fewer workers to perform a project allows frees up possible persons to work other tasks. The increased efficiency of teams in their tasks is of a consequent meaning that the effectiveness of the organization as whole is increased as well (Larson, 2014). Doing this allows project management the ability to hold people accountable and this makes the workers much more efficient in their tasks than a slew of