PEOPLES TRUST COMPANY
Title: PEOPLES TRUST COMPANY
Category: /Business & Economy/Management
Details: Words: 2279 | Pages: 8 (approximately 235 words/page)
PEOPLES TRUST COMPANY
Category: /Business & Economy/Management
Details: Words: 2279 | Pages: 8 (approximately 235 words/page)
1.<Tab/>Should the company stop or slow the hiring of new talent while attempting to retrain and reassign existing employees to new jobs? Why or why not? Are these two approaches for change compatible? Yes/No and why.
Peoples Trust should not stop the hiring process but slow it down in a way as to only consider applicants to fill the positions that are being created due to the re-organization, and
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reassess their personal goals the company will undergo attrition as a natural course. As people in Management/Supervisor positions leave, Peoples Trust will again need to evaluate if a replacement is needed, if so they have the option to promote from within. Both groups of employees will be able to be promoted based on their knowledge and qualifications. You always risk losing employees especially if they feel that they are not moving ahead fast enough.