Reasons for change
Lowes is a well known as a home store that attracts customers are homeowners interested in home projects or contractors make organizations yourself. According to research Lowes employed over 238,000 people , with taking a turn for the worse Lowes is also affected economy. Who has to lay off more than 1,700 employees in 2010. Many were in leadership positions who had been with the company for years and was hired at a time when business is booming.
Lowes decided by the dismissal of full-time employees earn more than would be beneficial to the organization as a whole by replacing them with part-time employees . Lowes is hiring 8,000 to 10,000 sales associates part time between 1725 stores across the state. These workers are paid less for their position to be in this type of sales associates would be paid much less input . Part-time employees are not entitled to benefits such as health insurance , 401k , retirement, etc. Although , most may be missing a Lowes store manager 4-8 workers are part-time would compensate for the loss . The manager who lost their jobs would be compensated by receiving a severance pay and help finding a job. Workers who were not dismissed witnessed some employees received pay cuts depending on their position. One competitor is Lowes Home Depot, which was placed in the situation and led to the dismissal of many disgruntled employees. This led to abandon full-time employees go and replace them with part-time associates who earned less . According to Home Depot has received many stripes behind because of this decision. Lowes advised to pay special attention to how your customers react to many changes. Due to changes in the organization have an impact on employees and customers.
Lowes risked with downsizing and rebuild what has had a success rate of 46%
A manager must understand the interdependence of departments, internal partnerships and influence of political power and effectively manage the entire organization....