If sales outlook for the coming three years increases to 40,000,000, the recent increase in production will actually help B.E. company in transitioning to maximum production capacity. In this case, there are two options for the company; produce 35,000,000 in 2011 and use the 5,000,000 units in ending inventory to satisfy the total sales outlook then increasing production to the maximum of 40,000,000 units in the next two years or increase production to 40,000,000 units in the next three years and keep the extra 5,000,000 sitting in ending inventory. With either option, B.E. Company’s net income will increase tremendously due to a substantial increase in sales and very little inventory left in ending
There will be a permanent extension of the employer provided education assistance and this is important to employees. According to B business Finance this is good news to employers who offer education assistance this “provision that allows employers to provide up to $5,250 annually in tax-free undergraduate and graduate educational costs to their employees has been renewed once again and is now permanent. This will no doubt be welcome news to employers and employees seeking advanced degrees” Transportation costs for employees will change with this new legislation. “The new law also increases employees’ maximum pretax contribution to mass transit expenses from $125 per month to $240 per month. However, the provision can be implemented retroactively to January 1, 2012, if employers are willing to deal with the administrative issues associated with such a move
The method of selecting candidates for Landslide consist of information from the interview, work history with previous experience, clean driving record, clean background check, and clean drug screen. The goal is to have 25 employees within the first year with a 10 percent turnover rate. These candidates will be the best of the best. Candidates who meet these requirements will be hired and start the process of being a Landslide
After the meeting, Thomas decides to develop a highly skilled team of strategic partners (SPs) who will build strategic business partner relationships with the company’s business leaders. He realizes he will have to coach this new team to success and begins by instructing them on the first steps in building a strategic relationship. One of Thomas’s new SPs, Karen Johnson, catches on quickly and is selected as the first person to practice the techniques she has learned by building a partnership with the sales department. Her ultimate goal is to consult with sales leaders to uncover ways she can help them increase sales revenue. Eager to begin, Karen sets up a meeting with a high-performing sales operations manager, Jacob Reynolds, who was referred to her by a friend in sales.
I can also review pass work to gain a further understanding and feel for what standards are expected for employees of the company. Assessment Criteria 2.3 and 2.4 The purpose and benefits of taking on new challenges and adapting to change is for the improvement and bettering of oneself. It shows a willingness to want to learn new knowledge and skills and the desire to build upon yourself. It also shows you are committed to the company and will undergo all required training. This will benefit both yourself and the company as it will expand your knowledge base and help to improve productivity and efficiency within your organisation.
Explain how you would communicate this type of technological change to your HR team, as well as the organizations. Describe how you would handle questions related to potential layoffs as a result of automation. (Points : 30) Over the years, the way of doing business has evolved, and technology played a significant role in it. Those
The strategic plan will help provide better, more targeted service to its clients and will be more specific on how the company will go about achieving company goals. The strategic plan will help Riordan’s executives understand the company’s direction by reviewing past progress and making changes to improve and grow. The strategic plan is an organizational tool that will help keep Riordan on track to meet growth and financial objectives. Need for a Strategic Plan Successful businesses are effective at identifying opportunities for growth and ensuring every manager has the same goals. For Riordan to further strengthen their strategic plan, they can develop a financial model based on their income and cost assumptions they would anticipate under the plan (Mikrut, 2010).
Riordan Manufacturing Motivation Plan Jefferson Leveille MGT 311 September 9, 2013 Yvette Mack Riordan Manufacturing Motivation Plan Over the years it has been the goal of Riordan to develop new theories on motivating our employees. What we look for are theories that will influence our workplace configuration.. The goal is to find out from our employees how do they feel about outlook in the future and where they feel their skills are better suited in assisting the companies future success. We also take the individual employees personal into account when developing these theories. We have learned in the past that when you increase responsibilities by challenging people with new projects will improve their engagement in the workplace.
Team D has also suggested that managers meet on a weekly basis with employees to go over data as well as collect assessments, pinpointing problem areas and to make any necessary changes if needed to be successful. Team D believes that Riordan will be successful in reaching the benchmarked goal for sales in the next two years of $50 million dollars by implementing the proposed plan as well as continuing to utilize the valued resources their employees will have to
Week Two Journal Objective You will create profiles for the for-profit and not-for-profit companies that you have chosen to examine in this course. Instructions This week, you will fill out the company profiles for both of the companies you chose to research. Follow the instructions and questions below for each company. Please answer all questions in detail. Because this journal is worth 5% of your final grade, there is a high expectation for your participation.