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Explain why Aaron Feuerstein felt his decisions were necessary for his company and for his employees.
The success of any company is dependent on the performance of its workforce. With a committed and motivated workforce, a company can achieve its objectives. Aaron Feuerstein acknowledged this fact and therefore made the decision. Even after the company burnt down, he still had a vision of reopening it and setting it back on track. This could only have been achievable if he retained his workers. It was therefore necessary to continue paying those employees in order to retain them. While it was harmful to the company at the time, it would have been beneficial in the long run. Aaron Feuerstein’s expectations were that once the employees are rehired back to the reconstructed company, they will be motivated to work and realize the goals of the company. Therefore, his decisions were necessary for both the company and its employees.
Discuss the pros and cons of Aaron Feuerstein's decision making, and explain if or
It would help cushion the workers from the effects of job loss
Retention of the workers for rehiring once the company was rebuilt.
Increase workers confidence in the leadership of the company and a sense of job security
The show of care for workers was a show of superb ethical standards, this was good for boosting customer confidence.
Increase in the company loss beyond the property loss occasioned by the fire.
how you would have handled his situation differently if you were in his shoes.
If I were in Aaron Feuerstein’s position, I would have provided full pay for that month of December only. Instead of providing salary to the employees, while the construction of the company was underway, I would have given them part of their retirement packages.
Please let me know if you need any clarification. I'm always happy to answer your questions.
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