1. Size of organization: here, provide a brief description of your chosen organization that includes annual revenue, number of employees, locations, divisions, and other relevant information. Aristocrat founded in 1953 by Len Ainsworth, began trading on the Australian stock exchange in 1997 (ASX-ALL) Currently, Aristocrat operates three noteworthy divisions within the gaming arena, which include, digital social casino gaming, Class II (American Indian) and Class III (Vegas-style) gambling machine and casino management systems. Including all business segments, Aristocrat employs approximately 3000 scattered worldwide with global headquarters in Las Vegas and Sydney Australia. Over the past few years, the footprint within the United States has …show more content…
As the Internal Audit Manager of Aristocrat, one is expected to plan, execute and follow-up on reviews performed across the entire organization that are dictated by the key risk identified from the constant risk analyze conducted across the various functional areas and business units. Furthermore, it is the Internal Audit’s role to ensure that the organization’s activities, policies, and procedures strategically align with the overall global agenda. Moreover, the department is expected to be a leading proponent of identifying operational inefficiencies and confirm important regulatory and compliance issues as they …show more content…
In Zafar Gul’s organizational development study, it was concluded that employee commitment had a direct effect on the overall effectiveness of all other organizational development programs grounded on a review of responses collected from 370 managers (Gul, 2015). Furthermore, it is a common understanding in psychology that every employee has the desire to reach their self-actualization motivational levels which directly affects the employee’s commitment to the organization. Additionally, it is believed and accepted that committed employees work hard and conduct their workload in a more advantageous manner. In relation to employee productivity, a 2012 poll conducted by the Society for Human Resource Management determined that 63 percent of respondents believed that recognition programs improved productivity and 58 percent witnessed a boost in profit margins (Thompson, 2014). These studies provide grounds of the importance and the benefit of having a transparent and fair recognition and reward