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Company Overview:
Peoples Trust, a financial institution, has undergone a re-organizational change that has affected its employees throughout the company. Peoples Trust opened its doors in 1875 as a company that dealt solely in the management and safekeeping of tangible items and securities. Over the years, Peoples Trust went through several managerial and internal structural transitions. ... This is one of the first changes that were widely implemented and Peoples Trust went from being solely a trust company into a very successful investment firm. ...
Since their opening in 1875, Peoples Trust has grown from 8 employees to 602 employees in 1980. ... Peoples Trust was generally recognized as a good place to work specifically; through hard work and dedication employees were provided with advancement opportunities. Peoples Trust was also known for paying wages that were above average. ... This hiring/promotion process has many of the long-term employees at Peoples Trust in an uproar. After careful examination of the situations mentioned above, we have come to the conclusion that the biggest problem Peoples Trust must overcome is a cultural change to help the long-term employees understand and accept the new organizational changes.
Approximate Word count = 1610
Approximate Pages = 6.4
(250 words per page double spaced)
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