Each new employee was put through a 1-month training program, and was assigned to an existing employee for an entire month. Normally an existing employee would work 160 hours per month. However, when an employee was assigned to perform training of a new-hire, the productive work hours for that employee dropped to 80 hours per month. During the training period, the trainee was paid $2,000 for the month. At the end of that time, the monthly salary increases to the standard salary for a regular customer service representative which is $3,500 per month.
The team works 14 hours a day, six days a week, 50 weeks a year, and is able to make 12 rugs a year. Each laborer is paid a wage that is equivalent to $1.10 per day. The rugs sell for $2,000 each in the United States. a. What are the total labor costs involved in making these 12 rugs?
The company completed 45,000 units during the month, and 3,000 units were in process at the end of November. The units in ending Work in Process were 85 percent complete with respect to materials and 45 percent complete with respect to conversion costs. a. Calculate the cost per equivalent unit for materials and conversion costs. b.
The tracks are divided into parallel sectors so that each stack is no more than 15 feet from the tracks. I did explain that we needed to finish this task in two weeks, and the only way to do this was to work as a team. I read an old report when the company last sold metal. I see where 30 pieces of metal parts were loaded per hour over an 8 hour shift. It would take my six students 6 weeks at this pace, and it needs to done in 2 weeks.
The current performance of the company is very good. In the thirteen weeks ended on January 31, 2011, the company had a net loss of $5,047 (in thousands). In the thirteen weeks ended on January 31, 2012, the company had a net income of $88 (in thousands). The fiscal 2012 cash incentive compensation is $1,985,844. The Hardee's in La Follette Tennessee has an average income per month of $120,000 before deductions of payroll, merchandise, and all other overhead.
The first cost is the $1,750 that the salon incurs each month for fixed costs. This fixed cost amounts to $21,000 annually when the monthly cost is multiplied by 12 for the months. Next, each barber works 2,000 hours a
They should also understand your business objectives, and what you are trying to achieve. In most organisations you have an opportunity to use a mentor or ‘buddy’ system where a work colleague is assigned to look after the new person. * At the end of a good induction programme your new employer should be familiar with the operating procedures of your business and have all the basic knowledge to carry out his/her duties. * Consider developing a detailed checklist covering all the parts of your induction programme. A good first day should include all of the following: * It is important that the Manager/Supervisor has time to spend with the new person on the first day, preferably straight away, and that there is time to find out more about them and them about you.
Siemens training and development Advantages: 1.Workers ability to take new roles & responsibilities. 2.Increased confidence and motivation. 3.Greater productivity and satisfaction 4.Long-term employees loyality. disadvantage: Hardship in filling the gap following the promotion of existing employees. Siemens Appraisal System Advantages: • keep all staff up-to-date in a quick changing business • guarantee that all training is being utilized well and for the best advantages of the organization • ensure that staff are very much motivated • ensure staff are included in changes • get feedback from staff on changes Siemens use two forms of training each one of them has its own advantages and disadvantages: Disadvantages of Job rotation: • Excessive training cost • Time consuming Coaching Advantages
Tesco uses a workforce planning table to establish the likely demand for new staff. This planning process runs each year from the last week in February. There are quarterly reviews in May, August and November, so it can adjust staffing levels and recruit where necessary. This allows Tesco sufficient time and flexibility to meet its demands for staff and allows the company to meet its strategic objectives, for example, to open new stores and to maintain customer service standards. Through ‘talent planning’, Tesco seeks to fill many vacancies from within the company.
b. Lease equipment for $25,000 per month. The equipment requires three operators with salaries of $25,000 per year each. c. Buy a state of the art robot that cost $8,000,000 and will last for 9 years. The robot will require a technician with a salary of $35,000 per year.