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

MANAGING PEOPLE AND PRODUCTIVITY - Essay ExampleThis has given rise 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 patience particularly hard, turning the spotlight on the manner of functioning of these institutions. The need for quality and accountability in these organizations has become even more evident, especially in a recessionary environment where productivity has become even tougher to attain. The management of human re writers has come to play an even more important role in achieving that productivity and motivating employees has become vital, especially for the banking industry. This study therefore proposes to apply a case study approach to examine issues surrounding the motivation of employees in Barclays Bank.The true origins of the crisis can be traced back several years to the late 1990s whe n, concomitant with financial deregulation in the United States that commenced during the Reagan administration, banks began to change their conventional mortgage arrangements. Earlier, mortgages issued were few and far between, because banks provided them to customers only after intense verification checks on credit and customer income. The customer was then obliged to make level(p) 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 lending. With the rise in the mortgage tie down market, this fact changed because banks were able to find 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 sell them off to investors in the bond market, through the process of securitization of loans.In recent years, many of the regulatory measures that were institut ed as a part of the New Deal after the Great depression of 1929 nominate been overturned, including the Steagall Glass Act, which imposed restrictions on speculative activity. (Chossudusky, 2008). Inflation in most developed countries was held down in developed countries such as the U.S. and the U.K. using the crummy imports available from countries such as China. Since inflation rates were low, this also helped to keep interest rates low, pushing up the value of seat 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 mortgage lending, and to lend divulge 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 caller 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 enterprise/7073131.stm) THE NEW MODEL OF MORTGAGE LENDING Top of FormHow it went wrongBottom of FormAs per the new model, the banks rely on additional source