The cost of training a worker is also reduced as the worker does not have to be trained in every aspect of the company only what he is going to be doing. The immediate drawback to this however is that he will not be trained in the jobs of the other workers, and if he is not there to perform his duty no one else will be able to. For this reason, broad assignment while usually less efficient allows for flexibility in its workforce, which allows the company to pivot for loss in workforce of changes in tasks. Grouping the teams based on function allows for the teams to have higher team coordination and again increases the flexibility of the individual worker. Workers within the function become much more knowledgeable about the function because they work amongst many different products performing the same task in each.
The location they work, how many hours they work, what benefits are offered to them and any other factors that are related to employment. Independent contractors of Cost Club are given job or task that needs to be completed and they decide on the method they will take to complete it, how long it will take them, and they are not under Cost Club’s control or direct supervision. They also do not receive benefits from Cost
(Points : 1) Service firms generally use fewer direct materials that manufacturing companies. Service firms' overhead accounts have slightly different titles (e.g., Applied Service Overhead). Service firms' finished jobs are charged to Cost of Services Billed instead of Cost of Goods Sold. Service firms' do not use a Work-in-Process account for contracts that are partially complete. 2.
As for the customer service representatives, they do not get any incentives because they are paid on salary and do the same work as the sales department. This could cause customer service representatives to ignore calls that come in from Company
If other things change, then one cannot directly apply supply/demand analysis. Sometimes supply and demand are interconnected, making it impossible to hold other things constant (Colander, The Limitation of Supply/Demand Analysis, 2010). “In supply/demand analysis, you would look at the effect that fall would have on workers’ decisions to supply labor, and on business’s decision to hire workers. However, there are also other effects (Colander, The Limitation of Supply/Demand Analysis, 2010). “For instance, the fall in the wage lowers people’s income and thereby reduces demand.
First, if the employee is required to remain on the employer's property, it will constitute employee compensation. This is because the employee's free time is limited while the employee waits to perform work. Second, if the employee is not mandated to remain at work, but their free time is restricted due to on-call restraints, it can require compensation. In Mr. Murphy's case, his freedom while on-call is limited in order to perform SWAT duties if needed. Since Mr. Murphy cannot spend his free time any way he wants, it should be compensated under FLSA regulations.
First you can look at expansion into other markets. A company will only expand if the move will help make them more money overall. Now look at employment, companies only hire people as needed. When they are in season and the work output is needed, people will be hired. If they are out of season and output is down, less help is needed so layoffs will occur.
Nordstrom does not offer extensive training programs to its customers. Employees are paid on a commission basis, they are surrounded by a very competitive environment and it is ingrained in them that customer satisfaction is key. Employees needing to train new employees may not emphasize to the new employee why the need for customer satisfaction is so important. Also, because of the competitive environment, it may cause the employee to not train the new employee appropriately because of threat to their sales, which could in turn cause a misconception of their family environment. There is no training program for them that state any reasons why the culture of the company relies on customer satisfaction.
Production costs include raw material costs as well as the cost of labor. It includes long run as well as the short term expenses incurred. Long run costs have no fixed factors of production, while short run costs have fixed factors and variables that impact production. Efficient long run costs are persistent after the combination of outputs with the purpose of a firm producing results in the preferred extent of the goods at the lowest possible cost. Long run production cost for low calorie microwavable food includes the cost of machinery and land for setting up the manufacturing unit.
The LFS limits the accuracy of the calculation of the unemployment rate because it results in the issue of “underemployment” or “underutilisation” meaning that people are able and willing to work more hours, however are unable to do so due to the lack of demand from firms for workers to work additional hours. 4) Suppose a firm decides to pay its employees “efficiency wages” that are much higher than in other comparable firms. What may be the reasons for this and