A consultant (from Latin : consultare "to deliberate") is a professional (also known as expert , specialist , see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Consulting services generally fall under the domain of professional services , as contingent work .
100-445: The Harvard Business School defines a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". According to Institute of Management Consultants USA , "The value of a consultant [as compared to a subject-matter expert (SME)] is to be able to correctly diagnose and effectively transform an often ill-defined problem and apply information, resources and processes to create
200-513: A commission from the employer to find, screen and select suitable candidates. However, a study has shown that such consultants may not be reliable when they fail to use established principles in selecting employees. A more traditional approach is with a "Help Wanted" sign in the establishment (usually hung on a window or door or placed on a store counter). Evaluating different employees can be quite laborious but setting up different techniques to analyze their skills to measure their talents within
300-415: A surety bond , is referred to as an employment bond . In some professions, notably teaching, civil servants, university professors, and some orchestra jobs, some employees may have tenure , which means that they cannot be dismissed at will. Another type of termination is a layoff . Wage labor is the socioeconomic relationship between a worker and an employer, where the worker sells their labor under
400-547: A client perspective. It is found that Consultant Expertise, Intensity of Collaboration and Common Vision have strongest performance impact on success. Sindermann and Sawyer conclude in their book The Scientist as Consultant , that a [scientific] consultant is successful, if they have "achieved a viable mix of technical proficiency and business skills" with "technical proficiency" meaning excellence in competence, credibility, effective networking with colleagues, and ability to negotiate. According to management consultant Dirk Hartel,
500-415: A client procures for more generalized labor, whereas consulting is for more specialized labor. Thus, in contrast to advisory services , which is not a labor contract but an actual service (advisory services never become part of the procuring organization) the market for consulting agreements follows the demand for specialized labor in the form of a consulting procurement, and so while competence and experience
600-477: A compensation approach that has the added benefit, from the company's point of view, of helping to align the interests of the compensated individual with the performance of the company. Under the faithless servant doctrine, a doctrine under the laws of a number of states in the United States, and most notably New York State law , an employee who acts unfaithfully towards his employer must forfeit all of
700-531: A consultant "well outside" of e. g. IR35. Alan Weiss provides 20 "factors" for consultants in the US (IRS), which are similar in other countries, to avoid or understand in terms of their business activity. Amongst those, the consultant is not supposed to be instructed by the client, should not receive similar training as employees, has the right to sub-contract, should not be integrated into the organizational structure, etc. to avoid legal-status and taxation issues. There
800-439: A consultant can be stress, productivity issues with meetings, general "technostresses", high-paced and changing business environments and situations, etc. In case of corporate and industrial consultants, the role is further challenged to act and become the "translator of information" from various different client-company cultures and procedures (processes) and between her or his employer-side team, managers and leadership team. What
900-485: A consultant may be required to hold certain professional licenses (e.g., a civil engineer providing consulting on a bridge project may have to be a professional engineer ). In other types of consulting, there may be no specific qualification requirements. A legal consultant may have to be a member of the bar or hold a law degree. An accounting consultant may have to have an accounting designation, such as Chartered Accountant status. Some individuals become consultants after
1000-447: A consultant might engage in multi-project services ( matrix organization ) for the client or for internal projects/activities at the employer firm. In his book, The Consulting Bible , Alan Weiss defines that "When we [consultants] walk away from a client, the client's conditions should be better than it was before we arrived or we've failed." There is no legal protection given to the job title 'consultant'. The consultant's career path
1100-513: A few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms. At its founding, the school accepted only male students. The Training Course in Personnel Administration , founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of
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#17327873779011200-579: A fixed term contract or a permanent contract. Both contracts are entitled to minimum wages, fixed working hours and social security contributions. Pakistan has no contract Labor, Minimum Wage and Provident Funds Acts. Contract labor in Pakistan must be paid minimum wage and certain facilities are to be provided to labor. However, the Acts are not yet fully implemented. In the Philippines , employment
1300-445: A formal or informal employment contract . These transactions usually occur in a labor market where wages are market-determined. In exchange for the wages paid, the work product generally becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are usually vested in the original personal inventor. A wage laborer
1400-407: A higher rate; this is generally due to their employment in high-risk industries. For example, in the United States, young people are injured at work at twice the rate of their older counterparts. These workers are also at higher risk for motor vehicle accidents at work, due to less work experience, a lower use of seat belts, and higher rates of distracted driving. To mitigate this risk, those under
1500-489: A hotel receptionist, whereas a temporary worker might change domains and branches more frequently. Furthermore, a consultant usually signs a service-type employee contract (known as fixed-term , full-time , part-time), whereas a temporary worker will only be offered a temporary (and scope limited) contract or a work-results type contract (e. g. in Germany a specific type of contract called Werksvertrag ) to fulfill or create
1600-451: A lengthy and distinguished career as an executive or political leader or employee, so their lengthy and exposed experience may be their main asset. Various accreditation bodies for consultants exist: Accredited practitioners in all fields (incl. medical) can be bound by a Code of Ethics or Code of Conduct . Ethics in the field of business consulting and organizations is still a subject under research. A thorough discussion of ethics in
1700-401: A less intimate cooperation with the client's business. Next to general challenges, domain-specific challenges for consultants exist. In palliative medicine consulting, emotions, beliefs, sensitive topics, difficulty communicating and prognosis interpretation, or patients expectations despite critical illness are some of the challenges faced by the consultant. According to Kelman, "One danger
1800-412: A longer period is needed for the consultant to analyze, resolve the root cause, get to know the stakeholders and organizational-situation, etc. Usually the engagement has set legal boundaries under given law to avoid (specifically for freelance-contractors) the problem of false self-employment (see also Umbrella company ). The person at client location is sometimes called a Resident . By spending time at
1900-588: A monthly academic business magazine. It is also home to the Baker Library/Bloomberg Center , the school's primary library. The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: The business school pioneered
2000-471: A new hall that was funded by a US$ 30 million donation by the family of the late Ruth Mulan Chu Chao , whose four daughters all attended Harvard Business School. The Executive Education quad currently includes McArthur, Baker, and Mellon Halls (residences), McCollum and Hawes (classrooms), Chao Center, and Glass (administration). Most of the HBS buildings are connected by a color-coded basement tunnel system which
2100-411: A person conducting a business or undertaking (PCB) and is usually hired to perform specific duties which are packaged into a job . In a corporate context, an employee is a person who is hired to provide services to a company on a regular basis in exchange for compensation and who does not provide these services as part of an independent business . An issue that arises in most companies, especially
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#17327873779012200-558: A sense of purpose and allows people to maintain social networks and activity levels. Older workers are often found to be discriminated against by employers. Employment is no guarantee of escaping poverty , the International Labour Organization (ILO) estimates that as many as 40% of workers are poor, not earning enough to keep their families above the $ 2 a day poverty line . For instance, in India most of
2300-434: A specific work. Additionally, a temporary worker might be directed and managed by a client, whereas a consultant is employed by a company (or self) and provides services for a client. The consultant may not be provided work-related instruments or tools, but only the necessary infrastructure and accesses the consultant needs to fulfill the statement of work, e. g. access to internal IT networks or client-side laboratory. Moreover,
2400-447: A vacant position which could and cannot be filled with an internal candidate. This is often the case by the client-organization due to other constraints, such as corporate compliance and HR-processes, which lead to prolonged hiring paths beyond six months, which is often inacceptable for leadership roles. Research and analysis can occur at the consultants' offices (sometimes called back office ) or home-offices or via remote work . In
2500-446: A workable and usable solution. Some experts are good consultants and vice versa, some are neither, few are both." Another differentiation would be that a consultant sells advice, whereas an expert sells their expertise. Other differentiations exist for consultants vs. coaches or SMEs vs. team leaders. Consultants do not have to be subject-matter experts as consulting agreements are a form of labor contract - comparable to staffing , which
2600-434: Is Hour employment (Swedish: Timanställning ), which can be Normal employment (unlimited), but the work time is unregulated and decided per immediate need basis. The employee is expected to be answering the phone and come to work when needed, e.g. when someone is ill and absent from work. They will receive salary only for actual work time and can in reality be fired for no reason by not being called anymore. This type of contract
2700-488: Is a person whose primary means of income is from the selling of his or her labor in this way. In modern mixed economies such as that of the OECD countries , it is currently the dominant form of work arrangement. Although most work occurs following this structure, the wage work arrangements of CEOs , professional employees, and professional contract workers are sometimes conflated with class assignments , so that "wage labor"
2800-559: Is a preposterous reading of the statute. It is obvious that within the context of both statutes the word 'includes' is a term of enlargement not of limitation, and the reference to certain entities or categories is not intended to exclude all others." Employees are often contrasted with independent contractors , especially when there is dispute as to the worker's entitlement to have matching taxes paid, workers compensation , and unemployment insurance benefits. However, in September 2009,
2900-575: Is an association of national level with its international reputation of co-operation and welfare of the migrant workforce as well as its approximately 1200 members agencies in collaboration with and support from the Government of Bangladesh. In the Canadian province of Ontario , formal complaints can be brought to the Ministry of Labour . In the province of Quebec , grievances can be filed with
3000-751: Is an important goal to the current client is usually not similar for any other client due to multiple variations in company size, history, product, program, organizational structure, leadership, etc. Hence the consultant must be excellent in sensing and communicating between different layers in the organization and further across it, while maintaining authenticity, integrity and trustworthiness with all parties involved. Independent consultants (contractors or freelancer) usually need to fulfil taxation requirements given by laws, specifically challenging employment status to avoid 'disguised' employment. Compared to contracting, consulting can be seen as being "in business in your own right", not controlled by your client, etc. placing
3100-400: Is associated with employment at a macro, sector and industry level was aggregated in 2013. Researchers found evidence to suggest growth in manufacturing and services have good impact on employment. They found GDP growth on employment in agriculture to be limited, but that value-added growth had a relatively larger impact. The impact on job creation by industries/economic activities as well as
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3200-558: Is common in the public sector. In the United Kingdom, employment contracts are categorized by the government into the following types: For purposes of U.S. federal income tax withholding, 26 U.S.C. § 3401(c) provides a definition for the term "employee" specific to chapter 24 of the Internal Revenue Code : "For purposes of this chapter, the term "employee" includes an officer, employee, or elected official of
3300-702: Is compliance with the rules guaranteed." There exist various forms, types and areas or industries of consultants. The following list provides some examples: Further prominent thinkers are also listed in the Strategy portal . Harvard Business School Harvard Business School ( HBS ) is the graduate business school of Harvard University , a private Ivy League research university . Located in Allston, Massachusetts , HBS owns Harvard Business Publishing , which publishes business books, leadership articles, case studies , and Harvard Business Review ,
3400-473: Is considered to apply only to unskilled, semi-skilled or manual labor . Wage labor, as institutionalized under today's market economic systems, has been criticized, especially by socialists , using the pejorative term wage slavery . Socialists draw parallels between the trade of labor as a commodity and slavery . Cicero is also known to have suggested such parallels. The American philosopher John Dewey posited that until "industrial feudalism"
3500-450: Is most effective at translating productivity growth into employment growth. Agriculture provides a safety net for jobs and economic buffer when other sectors are struggling. Scholars conceptualize the employment relationship in various ways. A key assumption is the extent to which the employment relationship necessarily includes conflicts of interests between employers and employees, and the form of such conflicts. In economic theorizing,
3600-425: Is naturally an advantage for when looking to sell consulting services, it is not a prerequisite in the same way that it is for advisory services where the service provider per definition relies on some level of competence and experience for its relevance. Sometimes, the word consultant applies specifically to someone or organization that provides knowledge, advice or service; whereas the contractor builds something for
3700-422: Is no single qualification to becoming a consultant, other than those laid down in relation to medical, psychological and engineering personnel who have attained this level-degree in it or professional licenses, such as Chartered Engineer . Consultants may hold undergraduate degrees , graduate degrees , professional degrees or professional designations pertaining to their field(s) of expertise. In some fields,
3800-584: Is open to pedestrian traffic. Tunnels open to maintenance workers only carry steam pipes to the rest of the campus, and connect Kresge with the Blackstone steam plant in Cambridge, via the Weeks Footbridge. Employment#Employment contract Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract , one party,
3900-516: Is regulated by the Department of Labor and Employment . According to Swedish law, there are three types of employment. There are no laws about minimum salary in Sweden. Instead, there are agreements between employer organizations and trade unions about minimum salaries, and other employment conditions. There is a type of employment contract which is common but not regulated in law, and that
4000-497: Is replaced by " industrial democracy ", politics will be "the shadow cast on society by big business". Thomas Ferguson has postulated in his investment theory of party competition that the undemocratic nature of economic institutions under capitalism causes elections to become occasions when blocs of investors coalesce and compete to control the state plus cities. American business theorist Jeffrey Pfeffer posits that contemporary employment practices and employer commonalities in
4100-445: Is that [the counselor] does not recognize the control that he is exercising over the client's behavior. The other is that he is so convinced that he is doing good for the client that he does not realize the double-edged nature of the control he is exercising." A consultant therefore needs to be aware and in control of her or his manipulative influences in particular counseling settings. Hartel mentions several challenges that are based on
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4200-484: Is usually not at the client's side, however the consultant will very likely be introduced into the client's organizational program or project structure . Novel collaborations of expert-contractors or independent consultants especially in ICT sector exist, e.g. ThoughtWorks . A consultant's activity can last anywhere from an hourly consultation, to a one-day service, three months, 12 months or more. For complex projects,
4300-610: The AFL–CIO created in 1955, and the Change to Win Federation which split from the AFL–CIO in 2005. Both advocate policies and legislation on behalf of workers in the United States and Canada, and take an active role in politics. The AFL–CIO is especially concerned with global trade issues. Young workers are at higher risk for occupational injury and face certain occupational hazards at
4400-632: The Commission des normes du travail . Two of the prominent examples of work and employment contracts in Germany are the Werksvertrag or the Arbeitsvertrag , which is a form of Dienstleistungsvertrag (service-oriented contract). An Arbeitsvertrag can also be temporary, whereas a temporary worker is working under Zeitarbeit or Leiharbeit . Another employment setting is Arbeitnehmerüberlassung (ANÜ). India has options for
4500-471: The bargaining power between the parties. Employees in some sectors may receive gratuities , bonus payments or stock options . In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance , housing , and disability insurance . Employment is typically governed by employment laws , organization or legal contracts. An employee contributes labour and expertise to an endeavor of an employer or of
4600-406: The 1971-built Burden Hall with a 900-seat auditorium. In the fall of 2010, Tata related companies and charities donated $ 50 million for the construction of an executive center. The executive center was named as Tata Hall, after Ratan Tata (AMP, 1975), the chairman of Tata Sons . The total construction costs have been estimated at $ 100 million. Tata Hall is located in the northeast corner of
4700-486: The HBS campus. The facility is devoted to the Harvard Business School's Executive Education programs. At seven stories tall with about 150,000 gross square feet, it contains about 180 bedrooms for education students, in addition to academic and multi-purpose spaces. Kresge Way was located by the base of the former Kresge Hall, and is named for Sebastian S. Kresge . In 2014, Kresge Hall was replaced by
4800-485: The International Economy; Entrepreneurial Management; Finance; General Management; Marketing; Negotiation, Organizations and Markets; Organizational Behavior; Strategy; and Technology and Operations Management. Older buildings include the 1927-built Morgan Hall, named for J.P. Morgan , and 1940-built Loeb house, named for John L. Loeb Sr. and his son, (both designed by McKim, Mead & White ), and
4900-419: The United Kingdom, delivering six-week Advanced Management Program courses alongside local staff at Durham in 1964, Bangor in 1965 and at Strathclyde in 1966. It also brought in professors from the newly founded British business schools to see how teaching was carried out at Harvard via an International Teachers Program. In 2012–2013, HBS administration implemented new programs and practices to improve
5000-734: The United States is failing to provide jobs that can adequately support families. According to sociologist Matthew Desmond , the US "offers some of the lowest wages in the industrialized world," which has "swelled the ranks of the working poor, most of whom are thirty-five or older." Researchers at the Overseas Development Institute argue that there are differences across economic sectors in creating employment that reduces poverty. 24 instances of growth were examined, in which 18 reduced poverty. This study showed that other sectors were just as important in reducing unemployment , such as manufacturing . The services sector
5100-523: The United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. The term "employee" also includes an officer of a corporation." This definition does not exclude all those who are commonly known as 'employees'. "Similarly, Latham's instruction which indicated that under 26 U.S.C. § 3401(c) the category of 'employee' does not include privately employed wage earners
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#17327873779015200-477: The United States, including toxic working environments, job insecurity, long hours and increased performance pressure from management, are responsible for 120,000 excess deaths annually, making the workplace the fifth leading cause of death in the United States. Australian employment has been governed by the Fair Work Act since 2009. Bangladesh Association of International Recruiting Agencies ( BAIRA )
5300-494: The United States. Their activity today centers on collective bargaining over wages, benefits, and working conditions for their membership, and on representing their members in disputes with management over violations of contract provisions. Larger unions also typically engage in lobbying activities and electioneering at the state and federal level. Most unions in America are aligned with one of two larger umbrella organizations:
5400-609: The age of 17 are restricted from certain types of driving, including transporting people and goods under certain circumstances. High-risk industries for young workers include agriculture, restaurants, waste management, and mining. In the United States, those under the age of 18 are restricted from certain jobs that are deemed dangerous under the Fair Labor Standards Act . Youth employment programs are most effective when they include both theoretical classroom training and hands-on training with work placements. In
5500-499: The beginning, and treating them accordingly, can save a company from trouble later on. Provided key circumstances, including ones such as that the worker is paid regularly, follows set hours of work, is supplied with tools from the employer, is closely monitored by the employer, acting on behalf of the employer, only works for one employer at a time, they are considered an employee, and the employer will generally be liable for their actions and be obliged to give them benefits. Similarly,
5600-454: The benefits may include meals. Employee benefits can improve the relationship between employee and employer and lowers staff turnover. Organizational justice is an employee's perception and judgement of employer's treatment in the context of fairness or justice. The resulting actions to influence the employee-employer relationship is also a part of organizational justice. Employees can organize into trade or labor unions , which represent
5700-483: The business chain. ICUs might be internal or own-run businesses. The following qualities are found to be helpful for a successful consulting career. From Accenture blog, one of the main IT consultancies in the world, the following factors play an important role: Bronnenmayer et al. investigated, by applying a structural equation model , and due to little empirical research, the management consulting's success factors from
5800-440: The case of smaller consulting firms, consultants typically work at the site of the client for at least some of the time. The governing factor on where a consultant works tends to be the amount of interaction required with other employees of the client. If a management consultant is providing advice to a software firm that is struggling with employee morale, absenteeism and issues with resignation by managers and senior engineers,
5900-470: The chronically poor are wage earners in formal employment, because their jobs are insecure and low paid and offer no chance to accumulate wealth to avoid risks. According to the UNRISD , increasing labor productivity appears to have a negative impact on job creation: in the 1960s, a 1% increase in output per worker was associated with a reduction in employment growth of 0.07%, by the first decade of this century
6000-444: The client's organization, the consultant is able to observe work processes, interview workers, managers, executives, board members, or other individuals, and study how the organization operates to provide hers or his services. In some settings, a consultant is signing a specific contract and is hired as an interim manager or executive with advanced authority or shared responsibility or decision making of client-side activities, filling
6100-462: The client. The role of a consultant outside the medical sphere (where the term is used specifically for a grade of doctor) can fall under one of two general categories: By procuring consulting services, clients may acquire access to higher grades of expertise than would be financially feasible for them to retain in-house on a long-term basis. Moreover, clients can control their expenditures on consulting services by only purchasing as much services from
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#17327873779016200-409: The clients-company), and only given to the senior executives of the organization. Consultants work for (consulting) firms or as freelance contractors. A consultant differs from a temporary worker insofar as they have, as detailed above, a highly specialized career and domain knowledge. This could be true for a temporary worker too, however, for example a medical consultant is unlikely to suddenly become
6300-607: The company to net a 10% savings. A portion of professional services in demand for clients are simply not necessary to retain in house, as they may be sporadic in nature, at which a consultant offers a reduction in payroll for the client. In the UK government sector, since 2010 the Cabinet Office has required government departments to implement spending controls which restrict the appointment of consultants and temporary staff in order to regulate consultancy expenditure and ensure that
6400-595: The compensation he received during the period of his disloyalty. Employee benefits are various non-wage compensation provided to employees in addition to their wages or salaries. The benefits can include: housing (employer-provided or employer-paid), group insurance (health, dental, life etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation (paid and non-paid), social security, profit sharing, funding of education, and other specialized benefits. In some cases, such as with workers employed in remote or isolated regions,
6500-449: The competing capitalist and working classes in a Marxist framework) that are part of a deeper social conflict of unequal power relations. As a result, there are four common models of employment: These models are important because they help reveal why individuals hold differing perspectives on human resource management policies, labor unions, and employment regulation. For example, human resource management policies are seen as dictated by
6600-424: The consultant may develop as well as implement customized software or other products for the client. Depending on the nature (also named mandate or statement of work or assignment) of the consulting services and the wishes of the client, the advice from the consultant may be made public, by placing the report or presentation online, or the advice may be kept confidential (under a Non-disclosure agreement or within
6700-417: The consultant will probably spend a good deal of time at the client's office, interviewing staff, engineers, managers and executives, and observing work processes. On the other hand, a legal consultant asked to provide advice on a specific property law issue might only have a few meetings at the client's office, and conduct the majority of his work at the consultant's office and in legal libraries. Similarly,
6800-433: The consultant, who is external to the company, is the one to announce difficult company decisions such as layoffs or reorganizations, but it is important that the consultant acts professional and competent, not just as " Rambo in suit". Consultants may face several organizational challenges, e. g. internal consultants are faced with the paradoxes to maintain a good balance between knowing the internal company structure and at
6900-520: The conversation of employment among younger aged workers, youth unemployment has also been monitored. Youth unemployment rates tend to be higher than the adult rates in every country in the world. Those older than the statutory defined retirement age may continue to work, either out of enjoyment or necessity. However, depending on the nature of the job, older workers may need to transition into less-physical forms of work to avoid injury. Working past retirement age also has positive effects, because it gives
7000-575: The court case of Brown v. J. Kaz, Inc. ruled that independent contractors are regarded as employees for the purpose of discrimination laws if they work for the employer on a regular basis, and said employer directs the time, place, and manner of employment. In non-union work environments, in the United States, unjust termination complaints can be brought to the United States Department of Labor . Labor unions are legally recognized as representatives of workers in many industries in
7100-403: The development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard. Cases are typically descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyze and provide recommendations on. From the start the school enjoyed a close relationship with the corporate world. Within
7200-414: The difficulty in applying the codex and scenarios of how to track adherence and how to judge violations in accordance with other bodies, such as APA ( American Psychological Association ) and CSPEC (or CSCE) (Committee on Scientific and Professional Ethics) and conclude that "The most important aspect in the formulation of a code of conduct however, is the recognition of a fundamental moral standard. Only then
7300-634: The employer is the owner of any invention created by an employee "hired to invent", even in the absence of an assignment of inventions. In contrast, a company commissioning a work by an independent contractor will not own the copyright unless the company secures either a written contract stating that it is a "work made for hire" or a written assignment of the copyright. In order to stay protected and avoid lawsuits, an employer has to be aware of that distinction. Employer and managerial control within an organization rests at many levels and has important implications for staff and productivity alike, with control forming
7400-408: The employer, which might be a corporation , a not-for-profit organization , a co-operative , or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages , which can be paid on the basis of an hourly rate, by piecework or an annual salary , depending on the type of work an employee does, the prevailing conditions of the sector and
7500-525: The experience of female students and recruit more female professors. HBS established nine global research centers and four regional offices and functions through offices in Asia Pacific (Hong Kong, Shanghai, Singapore), United States (San Francisco Bay Area, CA), Europe (Paris, opened in 2003), South Asia (India), Middle East and North Africa (Dubai, Istanbul, Tel Aviv), Japan and Latin America (Montevideo, Mexico City, São Paulo). As of 2022, HBS
7600-734: The extent of the body of evidence and the key studies. For extractives, they again found extensive evidence suggesting growth in the sector has limited impact on employment. In textiles, however, although evidence was low, studies suggest growth there positively contributed to job creation. In agri-business and food processing , they found impact growth to be positive. They found that most available literature focuses on OECD and middle-income countries somewhat, where economic growth impact has been shown to be positive on employment. The researchers didn't find sufficient evidence to conclude any impact of growth on employment in LDCs despite some pointing to
7700-614: The field can be best through assessments . Employer and potential employee commonly take the additional step of getting to know each other through the process of a job interview . Training and development refers to the employer's effort to equip a newly hired employee with the necessary skills to perform at the job, and to help the employee grow within the organization. An appropriate level of training and development helps to improve employee's job satisfaction . There are many ways that employees are paid, including by hourly wages, by piecework , by yearly salary , or by gratuities (with
7800-588: The field of consultation is given in Lippitt & Lippitt (see also 2nd edition in English). Here the authors mention several guidelines and definitions including Shay, the Association of Consulting Management Engineers (1966), American Society for Training and Development (1977), Academy of Management (1976) and conclude their own codex with the following attributes (see below). Additionally, the authors mention
7900-399: The following ten objectives or rules are key to a successful consulting career: Consultants are often outsiders to the client organization. On one hand, this means their work methods, expertise, behaviors, etc. differ from the client-employees and organizational, and is exactly what the client needs, however it can also be a considerable disadvantage for a successful engagement and may lead to
8000-547: The fundamental link between desired outcomes and actual processes. Employers must balance interests such as decreasing wage constraints with a maximization of labor productivity in order to achieve a profitable and productive employment relationship. The main ways for employers to find workers and for people to find employers are via jobs listings in newspapers (via classified advertising ) and online, also called job boards . Employers and job seekers also often find each other via professional recruitment consultants which receive
8100-495: The growth of online, highly skilled consultant freelance marketplaces has begun to grow. Additionally, the COVID-19 pandemic has resulted in an increase in remote work and demand for online-work skills to continue business or operations. Also known as ICUs - Internal Consulting Units , which are departments or specialists groups created by or maintained by usually larger companies for their own consulting service needs along
8200-546: The labor market mediates all such conflicts such that employers and employees who enter into an employment relationship are assumed to find this arrangement in their own self-interest. In human resource management theorizing, employers and employees are assumed to have shared interests (or a unity of interests, hence the label “unitarism”). Any conflicts that exist are seen as a manifestation of poor human resource management policies or interpersonal clashes such as personality conflicts, both of which can and should be managed away. From
8300-415: The latter often being combined with another form of payment). In sales jobs and real estate positions, the employee may be paid a commission , a percentage of the value of the goods or services that they have sold. In some fields and professions ( e.g. , executive jobs), employees may be eligible for a bonus if they meet certain targets. Some executives and employees may be paid in shares or stock options ,
8400-432: The market in the first view, as essential mechanisms for aligning the interests of employees and employers and thereby creating profitable companies in the second view, as insufficient for looking out for workers’ interests in the third view, and as manipulative managerial tools for shaping the ideology and structure of the workplace in the fourth view. Literature on the employment impact of economic growth and on how growth
8500-475: The negative impact is beginning to show. In Vietnam , for example, employment growth has slowed while productivity growth has continued. Furthermore, productivity increases do not always lead to increased wages, as can be seen in the United States , where the gap between productivity and wages has been rising since the 1980s. Oxfam and social scientist Mark Robert Rank have argued that the economy of
8600-685: The one-year program (by then known as the Harvard-Radcliffe Program in Business Administration) were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly. The first women to apply directly to the MBA program matriculated in September 1963. Harvard Business School played a role in the founding of the first business schools in
8700-471: The ones that are in the gig economy , is the classification of workers. A lot of workers that fulfill gigs are often hired as independent contractors . To categorize a worker as an independent contractor rather than an employee, an independent contractor must agree with the client on what the finished work product will be and then the contractor controls the means and manner of achieving the desired outcome. Secondly, an independent contractor offers services to
8800-445: The outside consultant as desired. Additionally, consultants are key persons with specific domain-skills in creating strategies, leading change (e.g. digitalization ), leadership coaching, interim management (also called consultant manager ), etc. Another business-case is that a consultant may save the company money: for example, a specialist tax-consultant who saves the company 20% on its taxes, and only charges 10% in fees, enables
8900-399: The perspective of pluralist industrial relations, the employment relationship is characterized by a plurality of stakeholders with legitimate interests (hence the label “pluralism), and some conflicts of interests are seen as inherent in the employment relationship (e.g., wages v. profits). Lastly, the critical paradigm emphasizes antagonistic conflicts of interests between various groups (e.g.,
9000-443: The positive impact, others point to limitations. They recommended that complementary policies are necessary to ensure economic growth's positive impact on LDC employment. With trade, industry and investment, they only found limited evidence of positive impact on employment from industrial and investment policies and for others, while large bodies of evidence does exist, the exact impact remains contested. Researchers have also explored
9100-400: The public at large, not just to one business, and is responsible for disbursing payments from the client, paying unreimbursed expenses, and providing his or her own tools to complete the job. Third, the relationship of the parties is often evidenced by a written agreement that specifies that the worker is an independent contractor and is not entitled to employee benefits; the services provided by
9200-405: The relationship between employment and illicit activities. Using evidence from Africa, a research team found that a program for Liberian ex-fighters reduced work hours on illicit activities. The employment program also reduced interest in mercenary work in nearby wars. The study concludes that while the use of capital inputs or cash payments for peaceful work created a reduction in illicit activities,
9300-606: The same productivity increase implies reduced employment growth by 0.54%. Both increased employment opportunities and increased labor productivity (as long as it also translates into higher wages) are needed to tackle poverty. Increases in employment without increases in productivity leads to a rise in the number of "working poor", which is why some experts are now promoting the creation of "quality" and not "quantity" in labor market policies. This approach does highlight how higher productivity has helped reduce poverty in East Asia , but
9400-454: The same time staying neutral and objective, keeping a marginal position between the client and the provided service. Further, depending on the hiring company's understanding how to work with a consultant, the consultant might be seen as disruption to the inhouse employees status. Harrington notes that some people transferring from an employee role to working as a consultant are uncertain about how to price their services. General issues faced by
9500-643: The top 5% of their year class. HBS students can join more than 90 different clubs and student organizations on campus. The Student Association (SA) is the main interface between the MBA student body and the faculty/administration. In addition, the HBS student body is represented at the university level by the Harvard Graduate Council . In 2015, executive education contributed $ 168 million to HBS's total revenue of $ 707 million. This included: The school's faculty are divided into 10 academic units: Accounting and Management; Business, Government and
9600-517: The types of consultants, including a consultant in a short-term role, as integrator, as driver, as project manager or methodology guru, know-how expert, or as scapegoat. In case of consultant as integrator , the consultant has the challenging task to resolve, negotiate, facilitate, mediate political situations in companies to move forward, such as different opinions, critical characters (persons), difficult relationships or interfaces, goal conflicts, power games, etc. In case of consultant as scapegoat ,
9700-563: The use of consultants offers value for money . A National Audit Office report published in 2015 recommended that all UK government departments adopt a "strategic plan" to assess their current skills and expected "skill gaps", so that their future need for consultants and temporary staff could be better predicted. Consultants provide their services to their clients in a variety of forms. Reports and presentations are often used. Advice can be general (high degree of quality of communication) and also domain-focused. However, in some specialized fields,
9800-489: The worker are not key to the business; and the relationship is not permanent. As a general principle of employment law, in the United States, there is a difference between an agent and an independent contractor. The default status of a worker is an employee unless specific guidelines are met, which can be determined by the ABC test. Thus, clarifying whether someone who performs work is an independent contractor or an employee from
9900-579: The workforce to collectively bargain with the management of organizations about working, and contractual conditions and services. Usually, either an employee or employer may end the relationship at any time, often subject to a certain notice period. This is referred to as at-will employment . The contract between the two parties specifies the responsibilities of each when ending the relationship and may include requirements such as notice periods, severance pay , and security measures. A contract forbidding an employee from leaving their employment, under penalty of
10000-476: Was ranked fifth in the nation by U.S. News & World Report , third in the world by the Financial Times , and second in the world by QS World University Rankings . Most full-time students study for an MBA, although doctoral programs are also undertaken. Executive education is provided, and online courses. Baker Scholars are those MBA students with academic honors over the two year course in
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