Journal Entry 1

.docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

OL-501

Subject

Business

Date

Jan 9, 2024

Type

docx

Pages

3

Uploaded by ElderLemur1895

JOURNAL: ECONOMIC ENVIRONMENT Brent T Williams Southern New Hampshire University OL-501-X1084 Business Foundations 23TW1 Domingo Negron September 24, 2023
Journal: Economic Environment The current economic environment affects my company in various ways. We see a lot of these effects in the government contract we currently hold. This contract controls hiring and resources available to our division. It requires certain levels of government access, and we are dependent on the government in obtaining these access levels. It requires extensive background checks, that may include government employees to administer polygraphs and psychological evaluations. It also requires a final approval from the government, spelled out in an eligibility letter. Current events and budget constraints are creating large obstacles and challenges for our company. As the government prepares to shutdown some of its operations, we are unable to continue processing some of our current applicants. Should we lose employees through retirement, change of employment, or long-term illness, we may not be able to meet the requirements within the contract. However, since we are considered a tier 1 asset, we continue to operate within a government shutdown. This provides certain peace of mind and confidence in job security with our current employees. It enables us to maintain a higher level of employment, in maintaining the employment levels within the contract. If the shutdown continues for a long period of time, it could affect applicants’ motivation in continuing to pursue employment with our company. This currently is the biggest economic impact on our company.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help