Reflective Paper Essay Example | Topics and Well Written Essays - 1000 words - 2

Reflective Paper - Essay Example Workers were given directives by their bosses and, therefore, creativity was limited. Workers climbed up the seniority ladder with time. If there were layoffs, the seniors were affected less than the juniors since lay- offs were based on the principle of ‘last in, first out. There was no close tie between the pay that one got and their performance, and there were no significant differences among the workers (Michael, 23). In the 1820s, twenty percent of the population worked for wages and salaries but by the year 2000, 90 % worked for organizations, half of them working for big companies. ‘In the 1950s, the relationship between the employees and the companies involved commitment and reciprocity; workers were dedicated to the job in return for wages and promotion, and the company was committed to its workers in return for their hard work and loyalty’ (Michaels,21). Firms invested in their employees by training them, developing their skills and promoting them. This encouraged loyalty by enabling the employees plan on owning their homes and sending their children to schools. For this reason, people stuck with the same company for years. In the case of occasional long working hours, the impact was relatively easy to absorb, since women, not in the workforce assisted them with domestic duties. However, this story changed. There was a stable relationship between companies and the employees. B y regularly promoting their employees, the companies were able to maintain the stability of this relationship (Michaels 27). With time, the state of business changed and the priorities of the companies, as well as the employees, changed. In a global economy, corporations are always competing. Investors are always on the run to get new opportunities that have higher rates of return, to invest their funds. This makes investors keep moving their funds in and out of countries, companies (Michael’s Countries and businesses, therefore, are