They could open late instead of mornings and get rid of slow peak mornings. Also, since they have a certain amount of people starting they could cut back, because they are running slow they don’t need as much people. Next, they can run more specials such as if they buy a certain amount of food or drinks they get a game for free. Lastly, they can raise prices to increase profits. These solutions can cut expense costs, and make more profit, because you aim for the peak period with specials, and with raised prices.
Recession- The recession is an opposite of boom stage. The unemployment increase, most of firms are losing confidence and stops invest or expand. They may change their planning and started to survive. The customers are likely to save money then spend and the percentages of loans are high and may increase. Individuals are losing jobs and the government have to spend more money of benefits.
A growth company tends to have very profitable reinvestment opportunities for its own retained earnings. Economic growth will affect Etisalat as it would increase their profits due to more people wanting more products and wanting to spend their money. As people have more money to spend on luxuries instead of the essentials it means that the higher value products will be brought. For example the Andrex toilet rolls will be brought instead of Etisalat value, because of this it means more money is being spent in the store which is an advantage for Etisalat. Recession occurs when people involved in business become more cautious and: * Customers cut back on spending, and start to save more * Manufactures and sellers cut back on their orders, produce fewer goods and start to cut back costs in general, including by laying off workers.
Tuition reimbursement means increased morale, productivity, confidence, retention, profits, and less employee turnover. Many people want to take the step to further their education and are afraid because of the financial stressors however with tuition reimbursement from employers the stressors are eliminated. Tuition reimbursement is a necessary investment toward the sustainability of the company’s present and
Sometimes firms will include a bonus to an employees piecework pay when they perform above standards. This kind of pay really motivates a worker to move fast and to make as many units as they possibly can. There is very little time for an employee to even think of being lazy and not wanting to work since the faster they produce the more money they are paid. Although piecework pay can be great it certainly has its downside. Some of the disadvantages of the piecework pay system is that when the firm is slow at production, the worker will see it in their paycheck.
There are so many answers to this question (i.e. take on another job, Go to or go back to college, or seek public assistances etc.) all that is an excellent answer, but it is hard to do, especially if a single parent cannot be there for their kid(s) if they take on another job(s) they will spend all their time at work to support their kid(s); or some people cannot go to or back to college because their multiple job requires them to work long hours and if they seek help from the government it is so much they can do considering the economy crisis. That is why it is important to increase the minimum wages so they won’t sacrifice their time with time away from their family and could enroll in or go back to school/college to earn their GED or degree so they could have better paying job. With the increased of pay, low and middle classes don’t have to worry to make any sacrificing the essentials that they or their family need; According to Time for a Raise, “If the minimum wage was increased to a level at which families could sustain themselves, fewer people may end up needing government assistance for housing, food, or health care.
The same goes to concentrating all your efforts to emotional pursuits, sure you’ll be mentally better but you’re not making any money. There are many benefits to focusing on intellectual pursuits. When you are doing nothing but working or studying you are either making more money or working towards a better job to make money. In doing more work then play you are contributing to society, giving yourself a sense of achievement and evidently raising your prestige. If all you did was have fun and concentrate on emotional pursuits you would have no means of gaining knowledge and expanding intellect.
Every individual has different challenges, some more than others, but it changes depending on location and wealth. It is wrong to say that all young people today have it easier just because in general lifestyle has improved; it’s more complicated than that. The separation that divides the rich from the poor has always had an effect on the younger generations and how easy their life is or isn’t. Many young people are still living in poverty and they face the challenge of staying alive each day, the statement that ‘life is too easy for young people today. They lack challenges and don’t have to fight for anything’ is too vague to be a true statement as life isn’t as simple as
In the past, one could support their family without a college education and still have the means to live comfortably. However that is not the case anymore. In today’s society all of the high paying jobs require and demand college experience. These jobs that are at the high paying end of the spectrum have changed their basic requirements because of technology rapidly increasing day by day, getting more complicated and difficult-which makes them want to make sure that their employees are properly trained. This however, does not sit well with people who are becoming unemployed or who have seniority at their current jobs.
There are still many people who criticize and oppose the raising the minimum wage. Many believe that increasing the minimum wage would maximize the unemployment rate when in reality it would actually create more job opportunities. This is because increasing the minimum wage will require high relative price for unskilled labor which concludes that firms will have a high demand for skilled labor. The increase of minimum wage increases earnings and reduces