Levels Tought:
Elementary,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 260 Weeks Ago, 3 Days Ago |
Questions Answered: | 20103 |
Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
Â
You have been in business for 5 years and now due to the poor economy, Management (that’s you) is faced with a difficult decision. You must decide how to cut 20% off labor costs—the company’s single greatest expense.
Labor Costs break down as follows:
the spreadsheet and the memoÂ
The company pays an increasing portion of benefits--health and life insurance benefits, 401K matching, unemployment benefits, etc.--worth $10,000 per employee based on position in the company.
The list below represent the portion of the total benefit package paid for by the company:
There is an option to outsource the bookkeeping (3 people) and account management (5 people) functions to an overseas firm. The cost to outsource is all $450,000 per year. No benefits or additional charges are accrued for these services. If you decide to outsource one or both of these functions, discuss the potential impact to the company and its customers.
Note: Bookkeeping (hourly), Account Management (salaried)
You must consider how your decisions will affect the culture of the company and the motivation of the employees that remain at the company.
The Human Resources and Management chapters from the textbook can provide some considerations about how to deal with cost cutting measures.
You must consider how your decisions will affect the culture of the company and the motivation of the employees that remain at the company.
The Human Resources and Management chapters from the textbook can provide some considerations about how to deal with cost cutting measures.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l