Economics Research Paper Example | Topics and Well Written Essays - 1000 words - 4

Economics - Research Paper Example Undeniably, information security has evolved to be as significant to contemporary organizations as the security of perceptible physical resources. It is not surprising that the quickly increasing body of research dwells on issues of information security. Research should focus largely on the technical dynamics of the protection of information in computer-based systems through encryption, hardware controls as well as software and data controls. The behavioral dynamics associated with the prevention breaches in information security have attracted a lot of attention in the recent times among researchers. Conversely, there has been very little attention towards addressing the economic aspects of information security; particularly with the magnitude of resources that have been directed to improve information management by organizations, what these organizations require is a framework that will assist in deriving optimal levels of spending on information security. Economic perspectives typi cally recognize that even though some degree of investment in information security is noble, additional security is not always worth the associated costs (Bidgoli, 2006). Therefore, it is important to consider the manner in which vulnerabilities of information as well as losses that are linked to the vulnerability impact the ideal amount of resources that are supposed to be directed to making information secure. For a wide variety of probability functions in regards to security breach, the ideal amount that should spent on information security is a rising function based in the degree of the vulnerability of the information. However, in some cases, the ideal amount to spend on security of information initially increases and later declines with similar degrees of vulnerability of information (Rao & Upadhyaya, 2009). The managers who are responsible for allocation of information security budgets should typically concentrate that is categorized in the mid-range of

Employee retention Term Paper Example | Topics and Well Written Essays - 2000 words

Employee retention - Term Paper Example When an employee leaves the organization, he along with him also takes the knowledge, company policies, and strategies along with him to the competitor. Moreover, selecting another candidate and aligning him to company culture add another cost to the organization. Although the problem of employee retention has been in existence since a long time, the problem is getting grimmer and serious with time. In this context, it is important for companies to retain their employees. This has led to an increased interest in research in the area of Employee Retention. Employee retention is the set of tools, processes and techniques that HR managers shall use to encourage employees to be in the organization for maximum amount of time. The main objective of employee retention processes is to reduce the voluntary turnover. It is important to note that these are not just a set of HR practices but it also requires an understanding of the psyche of the employees and their interrelationships with their subordinates and managers. This paper does a literature review of the various research papers that have been published in this area. The research focusing on reasons on voluntary turnover by employees has mainly pointed out two categories of reasons: family (personal) reasons or professional reasons. Often, employees leaving the organization leave it because they do not find a fit between the organizational goals and their own goals. One of the propositions on why employees leave is based on the fact that employees are having a psychological contract with the organization where each has a set of expected outcomes from the other party. If an employee feels that the organization is not fulfilling its duty in terms of what it owes to the employee, he is more likely to quit the job (Vos and Megank, 2007). Job dissatisfaction among an employee may be the result of job stress, repetitive work, ambiguous role or excessive workload. Economic factors such as pay, rewards, bonuses