Nella Barkley, an American who advises companies on work-life balance, says that large firms are beginning to understand the value of such schemes, “but only slowly”.. A James Freer B Ro
Trang 1TEST 09
Trang 2Good Luck!
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Trang 4Reading Academic Test 09
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Trang 5SECTION 1 Questions 1 – 13
Life beyond pay
A new magazine was published in America this month Success is the resurrection of a title first published in
1897 by Orison Swett Marden, an entrepreneur and author of a series of self-help books, including “Getting the Most Out of Life” The magazine's publisher, Joseph Guerriero, wants today's Success to reflect the contemporary workplace, where, he says, success is measured less by money and titles, and more by what is sweepingly referred to as “work-life balance” The first issue contains an article about men leaving work to become full-time fathers
Improving the balance between the working part of the day and the rest of it is a goal of a growing number
of workers in rich Western countries Some are turning away from the ideals of their parents, for whom work always came first; others with scarce skills are demanding more because they know they can get it Employers, caught between a falling population of workers and tight controls on immigration, are eager to identify extra perks that will lure more “talent” their way Just now they are focusing on benefits (especially flexible working) that offer employees more than just pay
Some companies saw the change of mood some time ago IBM has more than 50 different programmes promoting work-life balance and Bank of America over 30 But plenty of other firms remain unconvinced and many lack the capacity to cater to such ideas even if they wanted to Helen Murlis, with Hay Group, a human-resources consultancy, sees a widening gap between firms “at the creative end of employment” and those that are not
The chief component of almost all schemes to promote work-life balance is flexible working This allows people to escape rigid nine-to-five schedules and work away from a formal office IBM says that 40% of its employees today work off the company premises For many businesses, flexible working is a necessity Globalisation has spread the hours in which workers need to communicate with each other and increased the call for flexible shifts Nella Barkley, an American who advises companies on work-life balance, says that large firms are beginning to understand the value of such schemes, “but only slowly” For most of them, they still mean little more than child care, health care and flexible working
Yet some schemes go well beyond these first steps American Century Investments, an investment manager
in Kansas City, pays adoption expenses and the cost of home-fitness equipment for its employees Rob Marcolina, a gay consultant with Bain & Company based in Los Angeles, was allowed time off to marry his partner in Canada, and another break to look after their daughter when she was born to a surrogate mother
Mr Marcolina, who has an MBA from the high-ranked Kellogg business school, says his employer's understanding makes him want to be “part of Bain for some time”
Businesses have other good reasons for improving employees' work-life balance Wegmans Food Markets, a
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Trang 6grocery chain based in Rochester, New York, frequently appears near the top of lists of the best employers in America It has a broad range of flexible-work programmes, which gives it one of the lowest rates of employment turnover in its industry—8% a year for full-time workers, compared with 19% across the industry
Simple programmes can be surprisingly cost-effective IBM, for instance, is spending $50m over five years
on “dependant-care” facilities for its employees Although that sounds generous, it is the equivalent of little more than $30 for each IBM employee every year That is far cheaper than a pay rise and probably a better way to retain talented mothers and fathers Ernst & Young, a global accounting firm, has a low-cost range of initiatives called “People First” It provides breaks for people to provide care and has over 2,300 flexi-time employees in the United States James Freer, a senior executive, says he is “absolutely convinced” the initiatives help produce better financial results
DeAnne Aguirre, a mother of four and a senior partner in San Francisco with Booz Allen Hamilton (BAH), says “it is easy to make the business case” for work-life balance programmes at the consultancy by looking at attrition rates BAH calculated that it was investing more than $2m in turning a raw recruit into a partner,
an investment it should be reluctant to write off Corning, an American glass company, reckons that it costs 1.5 times a worker's salary and benefits to replace him If it can retain just 20 workers a year who would otherwise have left, Corning reckons it would produce annual savings of $2.6m
Business schools are now climbing on the bandwagon, too In October Tuck School at Dartmouth, New Hampshire, will start a course on returning to corporate life after an extended absence Called “Back in Business”, the 16-day, $12,000 re-entry programme is open only to students with “work experience in a high-potential career” The majority will inevitably be mothers wanting to rejoin the workforce But fathers are also asking for sabbaticals Work-life balance “is not just a women's issue” any more, says Ted Childs, who is in charge of workforce diversity at IBM “Men, too, are very concerned about it.”
The demand is being stoked by the “Generation Y”, the under-28s They look sceptically at the idea of lifetime employment within a single organisation and they are wary of the commitment they believe too often drove their parents to the divorce courts Hay's Ms Murlis says that today's business-school graduates are “looking for a workstyle to go with their lifestyle”, not the other way round They are happy to binge-work for a while, but in return want extended sabbaticals in which to chill out
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Trang 7Questions 1 - 5
Which paragraph contains
1 how one company helps families
2 two serious problems for employers
3 one reason why employees need to work flexible hours
4 a new publication to mirror changes in the work environment
5 how a division between companies is developing
Questions 6 - 10
Match each name to the sentences below
A James Freer
B Rob Marcolina
C Helen Murlis
D Joseph Guerriero
E Orison Swett Marden
F Nella Barkley
6 was given a break from work after the birth of his child
7 believes companies are not changing quickly enough
8 sees two kinds of companies emerging
9 was the original writer of 'Success'
10 believes work-life programs help a company to make money
Questions 11 - 13
Write NO MORE THAN TWO WORDS from the text
11 Ernst and Young has over two thousand people working on a basis
12 The cost of training someone to a high level from a can cost millions of dollars
13 Despite their concern for a work-life balance, younger employees are willing to for a short time
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Trang 8SECTION 2 Questions 14 – 26
Men and machines
As industries advance, manufacturers manage the growing complexity of their products by outsourcing:
they share the work of making them with others This enables each company in the production chain to
specialise in part of the complicated task The car industry, for instance, relies on parts companies that
make nothing but electrical systems, brakes or transmissions These parts companies, in turn, depend on
the work of other suppliers to make individual components At each level of production, outsourcing
divides up growing complexity into more manageable pieces
In the office, the tool used to mechanise work is the computer Computers automate paperwork and hence the flow of information Companies that sell information products, such as banks and insurance firms, employ computers to automate production And all companies use computers to automate the administrative work needed to maintain their organisations: keeping their books in good order, complying with rules and regulations, recruiting, training and looking after their employees, managing offices, dealing with company travel and so on
Like assembly-line machinery, computers save labour, bring down costs and raise profits Banks and insurance companies have used some of these profits to add bells and whistles to their products, making them more complex Banks that used to provide basic mortgages now sell fixed loans and floaters, caps, collars, locks and other financial exotica to befuddled home-buyers Credit-card companies offer loyalty programmes, membership rewards and cash-back deals Insurance firms tailor car and life insurance to fit their customers' appetite for risk Corporate administrative work has also become more complicated The demands of securities regulators and investors for financial information have expanded with the capacity of firms to supply it IBM's annual report for 1964 contains a scant half-dozen pages of financial information; its most recent one includes 40 pages of financial statements and accounting notes
The spread of computers through companies has added a third layer of complexity: the task of managing the information systems themselves The work company IT departments is particularly complicated at older and larger firms that have bought different sorts of computer systems at different times The core processing systems of insurance companies, airlines and banks, for instance, are built on a mainframe-computer technology that celebrated its 40th anniversary this year Companies have added extra systems as they have sold new products, grown abroad or acquired competitors Most IT departments at most large companies spend most of their time simply fighting to keep this tangle of systems going
In all three areas of white-collar work, companies are struggling to manage growing complexity The chief reason for the recent recession in corporate IT spending is that the IT industry's customers are no longer able to absorb new technologies, thinks IBM's Mr Harreld Entangled in new products and the computer systems that support them, banks cannot even do something as basic as ensuring that customers who asked
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Trang 9one department not to send junk mail do not receive it from another “If a bank was making cars, every tenth car would come out without a steering wheel,” says Myles Wright of Booz Allen Hamilton, a consultancy
Just as in manufacturing, the solution to the growing complexity of white-collar work is to do less of it in-house Some companies have outsourced the work of their IT departments, from managing the physical hardware to maintaining and developing business software and managing corporate computer networks Up
to half the world's biggest companies have outsourced some IT work, reckons IBM
As well as outsourcing their business systems, some companies are doing the same with the workers who operate them This is called business-process outsourcing (BPO) First Data Corporation (FDC), for instance, will handle some or all of the administrative work involved in running a credit-card business, from dealing with applications to authorising credit limits, processing transactions, issuing cards and providing customer service Few bank customers will have heard of the company, yet FDC employs nearly 30,000 people, who administer 417m credit-card accounts for 1,400 card issuers
Likewise, companies are outsourcing chunks of administrative work and their supporting systems Accounting departments are farming out tasks such as processing invoices and collecting payments from debtors HR departments have shed payroll work ADP, a payroll-outsourcing company, pays one in six private-sector workers in America Increasingly, big companies are handing over entire HR departments and the systems that support them to outside specialists such as Hewitt, Accenture and Convergys, says Duncan Harwood of PricewaterhouseCoopers
One way for manufacturers to manage growing complexity is to adopt common standards Carmakers, for instance, have reworked their manufacturing processes so they can assemble different car models from the same production “platform”, with several cars sharing a number of parts This allows parts companies to specialise more and produce fewer parts in larger numbers
Eventually the organisation of car manufacturing may begin to resemble production in the consumer-electronics industry, where the adoption of industry-wide standards (along with de facto standards, such as the Intel microprocessor) has enabled suppliers to become highly specialised Companies such as Flextronics and Selectron now offer outsourced manufacturing platforms for whole categories of consumer electronics All the branded makers have to do is handle the logistics, badge the goods and send them off to the shops
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Trang 10Questions 14 - 23
Match each heading to the most suitable paragraph
i Simplification through regulation
ii How companies manage progress
iii Large sections of a company can be handled externally
iv The administrative challenges companies face
v Car production on the same road as other consumer goods
vi Why companies are not buying
vii From systems to people
viii How companies manage administration
ix Office administration follows manufacturing
x More complicated products have emerged
xi Problems of IT systems developments
14 Paragraph A
15 Paragraph B
16 Paragraph C
17 Paragraph D
18 Paragraph E
19 Paragraph F
20 Paragraph G
21 Paragraph H
22 Paragraph I
23 Paragraph J
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