Success Story of British Telecom PLC in Strategic Employee Management
Globalization in the midst of developing trends in internet technology users inducing a paradigm shift in employment practices in the corporate workforce. Most companies, in particular corporations, focus to meet their allotted budget limits motivate the added concerns in downsizing company costs. Recent years witnessed the debilitating effects causing drastic increase in unemployment in the course of the global crisis. To effectively respond towards minimizing unemployment as the strategic approach to mitigate these debilitating effects and for companies to survive for their existence operating within their respective financial bounds implemented payroll cost cutting as a primary mechanisms to meet budgets for medium to large companies.
To an effect payroll cuts allotted to employees even in the biggest firms effectuated a degenerating trend for the employee workforce. The impact these trends generate surface financial issues in addressing family needs while entrapped to meet social responsibilities with limited income and a constrained lifestyle that affect their children’s social welfare to an extent. Studies show a solution customized to save company costs surfaces the idea of telecommuting among the workforce yielding a chunk to cost savings and save the costs of stress to the environment by eliminating commutes to the workplace and meeting work efficiency. This also enables companies on their part to help their employees mitigate the increasing complexity of meeting family needs if otherwise commuting daily to work. Resolving family issues of employees contingent on corporate decisions whether to adopt the trend of telecommuting as a reliable solution attributes to the growing difficulty in filling family needs that challenge them in a unique way should they have minor dependents below a threshold age. In addition due to the economic effects of a globalized economy, acquisition of human resources entails high cost for the purpose to aid employees in caring their children while away, for example, should employees work in the conventional workplace remains a challenge. The wide angle swing of globalization constitutes has impaired to an extent the work-life balance and the less burdened lifestyle employees use to be accustomed to. New life trends that result from these given circumstances still demand social responsibility of parents while working to meet financial needs of families at a reasonable margin, is evolving to be in a substantial risk. Thus it is imperative to address the work-life balance needed to maintain corporate social responsibility by meeting effectively with mechanism family needs while maintaining corporate governance integrity through a changed environment employing new work practices of the employee workforce in the corporate hierarchy. This is the goal precisely British Telecom PLC employs to strike a fine balance for employee sustainability while giving the incentives to employees to reap benefits of a comparative, paradigm work environment improved to efficiency. The company finds success upon implementing this evolving strategy into policy to achieve work-life balance while capitalizing human resources for corporate success. This ability attributes to the migration towards new work practices into a breakthrough enabling internet and mobile technology implementation (Quillinan, 2004,p 2).
Liberalization of internet, voice and data communication technologies at increasing affordable cost margins and usage enable the feasibility of change to new forms of work environments. Derivative technological solutions from the Internet proliferate to the extent security mechanisms and enhance to more complex features resulting to a high capability enough to encrypt communication channels and transmit real time electronic data delivery with less sophisticated methods to set up. With this feature as a critical corporate asset, the added value draws the flexibility to shift the trends to install communication and security networks in virtual places without the necessity to perform work in conventional office spaces and to advance towards a more pervasive diversification but adopting with more cost effective solutions and reducing cost margins. Solutions like Voice Over Internet Protocol (VoIP), Personal Data Assistants, WiFihave deployed real time stream data to scales like those installed in office spaces showing evidence of technological advancement enabling to comply the demands corporate structures require. Developed facilitation for Local Area Networks and Virtual Private Networks enable businesses to interact flawlessly as network medium enclaves in the course of information flow and exchange at global scales employing these communication solutions. Being able to acquire and access the same pool of information at high speeds sought from the exogenous character of the Internet enable the possibilities to generate diverse exchange and download software platforms by Internet to access streamline media to promote unlimited information sharing and dissemination in workplace environments which usually require a complex connective network is employable now with efficiency-sized gadgets simply integrated in any virtual location. This encourages the flexibility to accommodate telecommuting by set ups which do not require a complex wiring network. Wireless solutions facilitated to address these problems eliminate office space needs then subsequently minimize overhead costs like rent is needed and set up data and voice communication solutions through broadband access. It only takes a virtual space to have it all for an office set up (British telecom, 2008,p.7).
In addition internet technologies facilitated their capabilities further by derivative breakthrough features they naturally possess in terms of their magnanimous impact to generate real time data access among other business segments altogether that function through voice and data communication solutions on a global scale at a fingertip touch for corporate decision-making purposes. An example best illustrates this apply to technological solutions by Bloomberg software downloadable by Internet that employ all critical and time sensitive financial and company information at few steps to install that financial analysts rely on to extract and analyze data critical to the decision-making process in investment banking on minute update intervals in the markets.
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