The financial news of the most recent couple of weeks has not been empowering. The different national obligation emergencies stay uncertain, with a proceeded with imposing business model of financier agreeable severity programs, and their anticipated outcomes of rising unemployment and stagnation. Debtor states are being constrained into the same monetary orthodoxies that delayed the gloom of the 1920s and 30s, so we shouldn't be amazed at the disappointments they will bring (Rosducher & Seifert, 1996). More subsidence may likewise be the eventual fate of the nations upholding these once-defamed strategies, as powerless interest over the area stifles customer request, financial specialist certainty, and government spending as well as other human resource management strategies such as short working hours.
Maintaining the right workforce while keeping individuals happy on the job that involves managing their hours of work, is an act of balance. Circumstances may dictate that you reduce working hours even for your most productive employees. This lowers your operating expenses and raises profits. However, it may also lead to lost sales or an exodus of employees. In the UAE, the issue of reducing the working hours has not been an issue since the labor laws stipulate clearly that the maximum number of hours that one can work in a day is 8 hours; an equivalent of 48 hours weekly (Abu Dhabi Government, 2013). For individuals working in commercial enterprises and the informal sector, the ministry of labor may increase the working hours to 9 hours daily. However, if one is required to work on an overtime basis, for each hour in excess of the set limit, one should be paid not less that 25% of the daily wage(Yap, 2016).
Since paying the work force on a hourly premise is a variable cost, a diminishment in working hours enhances your benefit, all else being equivalent. Bringing down representative pay likewise brings down your segment of finance duties. As a business, the labor regulations of UAE require one to coordinate every specialist's Social Security and Medicate charge commitments (Abu Dhabi Government, 2013). Diminishing the working hours is viable in overseeing working expenses amid a financial downturn. It additionally permits you to deal with their execution by dispensing more hours to higher-performing laborers and few hours to your less effective ones. Reducing the working hours in a prudent way enhances the possibility of getting the most out of your employees; hence increasing the productivity
However, shortening the working hours may advance a lost opportunity cost for lost deals or sales. With employees working less frequently, the country may lose a potential deal to a contender, particularly if the business atmosphere all of a sudden makes strides. You additionally confront the capability of losing a worker who is disappointed with lower pay. Disappointed workers may turn out to be less beneficial, prompting lower deals. Moreover, a specialist may see his decreased hours in contrast with different laborers as partiality, which may influence his spirit. Such a circumstance makes a poor workplace, which may likewise influence your business.
At the point when business is great, it is anything but difficult to legitimize giving more hours in all cases. As a little business, it is best to contract representatives and raise or lower specialist hours as required. This includes understanding the current working atmosphere and how your little business admissions Abu Dhabi Government against the opposition. Setting an execution benchmark, for example, month to month deals, including projections for future deals, permits you to screen specialists' hours and arrangement your representatives' work routines early.
Abu Dhabi Government. (2013) U.A.E. Labour Law. Retrieved 23 April, 2016 from www.business.abudhabi.aeRosducher, J., & Seifert, H. (1996). The reduction of working hours and employment. Brussel: ETUI.
Yap, L. (2016). Basic Guide to Working Hours and Leaves in the UAE. SMEToolKit: United Arab Emirates. Retrieved 23 April, 2016 from http://uae.smetoolkit.org/uae/en/content/en/54987/Basic-Guide-to-Working-Hours-and-Leaves-in-the-UAE
Cite this page
Free Essay Sample on Shorter Working Hours. (2019, Sep 05). Retrieved from https://speedypaper.com/essays/shorter-working-hours
If you are the original author of this essay and no longer wish to have it published on the SpeedyPaper website, please click below to request its removal:
- Event Management Essay Example
- Free Essay on Advanced Risk and Uncertainty Management
- Global Warming Topic Essay Example
- Historical Essay Sample for Free: International Intervention in Libya and Bahrain
- Free Paper Sample: A Critical Analysis of Representations of Women in Advertisements
- Free Essay Sample: Coaching Model for Low-Performing Nurse
- Conflicts in Organizations and Impact on Organizational Culture - Free Essay in Management