Bus/150 Week 1

What is the general wage concern that management and employee representatives bring to the negotiating table?

The purpose of this paper is to help explain some of the qualities and knowledge that are needed to operate a successful restaurant business. After careful research, there were seven aspects that identified themselves as the most pertinent concepts in effectively achieving this process, although not limited. These notions were as followed; having a good chef, concept and location to make any restaurant astatically pleasing to the demographic of choice, with out these effects no restaurant can have a successful relevant menu or specialty. Also, the monetary aspects of owning a business and the mistakes that many have made, incorrect; purchasing procedure being an immense aspect of budgetary demise. Keeping the customer and employees in thought, as well as pleased, was also a concept that shined its importance to the execution of a business. This paper also highlights the importance of leadership and how to conduct ones self competently in a leadership position as well as the difference characteristics of a leader that set one person aside from another.

America strives to make profits off of any and everything possible but they risk that when they compromise treatment of workers. Pfeffer discusses that “some companies [are] choosing to use a ‘high road’, commitment-based strategy including higher wages and employment security, while other, seemingly similar companies pursue a ‘low road’ approach” that lower wages, less benefits, etc. Pfeffer discusses that Costco offered high wages compared to Sam’s Club and ended up gaining more profits. Therefore, it shows that taking the ‘high road’ approach produces more profits than taking the ‘low road’ approach. This is a result of higher wages making employees happier. If an employee feels appreciated in the company and that they play a positive role then they are more willing to work harder thus benefiting the company in the long run. Therefore, the profit maximization approach is successfully achieved and benefiting both the employer and

The following academic sources will be used to support my statement of the problem in question, because it will help to support the case that an organization's employees should be paid a salary as cheap, have good programs of continuing education for employees, an open door policy and a good line of communication with a voice in the changes and development department.

There are some factors to be considered before making a significant change for the company. The first factor is the ability to pay the employees. The company has to look at the labor-market competition. The organization has to decide the pay level for its employees and whether that labor costs can be covered by the profit earned. Plus, if the organization cannot pay the employees at the competitive rate, the employees will more likely to leave the company for a better job offers. The second factor is product-market competition. If the organization decides to increase the wages of its employees, the company has to charge a higher price for its products or services to make sure that it will get a return on investment. However, if the company increases the price its charge to the customers more than they are willing to buy, there is a risk the company will lose some of its customers. The third factor to be considered is workers’ capabilities to do their jobs. If the workers have a lack of skills to do the job, then it is not worth it to invest a lot on them and vice versa. Thus, the company should consider some factors such as labor-market competition, product-market competition, and worker’s capability before it makes the adjustment in the worker’s wage and

Jayne has hired a professional business consultant to advise her on an opportunity to lease a restaurant near her current location, close to a suburban mall, and in proximity of her food producers. Her advisor will assist in developing the growth strategy, business forms, financial assistance, organizational structure and staffing needs, customers and promotions, and finally, ethical and social responsibilities. As Jayne begins to implement her plans for expansion, she is sensitive to maintaining the five year relationship she as established with her customers and employees, and is striving to use this opportunity to expand this same commitment in a brick and mortar establishment.

As the author stated, the proposals above are “win-win for the employment and employer” (Jayne Vaughan, 2008) and can be successfully used before the real measures for cost saving and profit maximization during crisis must be applied.

The restaurant industry is a simple concept, the store prepares the food, and consumers pay for it. Some people visit restaurants in order to save time or enjoy a certain taste that the restaurant has cornered. Others choose to eat out for celebrations and special occasions. Then others want to have a meeting place or study location to call their own. Whatever the reason for a consumer to eat out, there is a restaurant for them. Restaurants cater to all of the above reasons and take time to study and apply strategic principles in order to get customers in the door.

Both the bussiness and emplyees want to ensure that they are getting what they deserve after putting in thier resources. This where Taylors “equal pay for a hard days work” becomes essential. According to PwCs global milleneal survey, majority of millineals agreed they were getting paid leses than they deserved.Being that milleneals make the majority of the current workforce, this should be a major concern for bussinesses.When workers know they are getting paid more when they work more, they are motivated to work harder and efficiently. Also it is a good example to new entrants to work hard for a better standard of living. It is common for companies that adoptthe human Resources model tend to spend a considerable amounts to ensure employee comfort.Google for example provides employees with an array of recreational activities and food options. However, the less people are paid, the less they are concerned with the incentives thier employers are providing. Futhermore, the time demanding tasks at a company like google will not allow an employee to take an hour or two off to use the gym or get a

The problem that I am contacting you about involves out current employees’ wages. I have been noted within the past couple of months that out employees have not received any additional money in the past couple of years. I would likely to work on this problem in order to find secure funding through an appropriate grant proposal that would help resolve the problem. Overall, not giving out employees an appropriate working wage will result in a couple of different outcomes. Starting with the general unhappiness of the employees. Which could lead to employees leaving the company and traveling to other companies. Next, could be unions and employees going on strike against the company.

Throughout this essay, I would like to critically examine the essence and worth of an employee in any business firm. An employee is any other human being who works for his or her employer in order to earn a living and satisfy his personal wants. Black’s law dictionary defines an employee “as a person who works in the service of another person under an express or contract of hire, under which the employer has the right to control the details of work performance.” An employee is regarded as a firm’s biggest asset, maybe not in reality but as far as benefits are concerned. An investment (salary) made to hire an employee gives a business much more return than a fixed asset might give. An owner of a firm can direct an employee, but not a

This basic principle of balance between costs and ability to attract/ retain professionals is to guide the design of any system of compensation (Bryant & Allen, 2013). If a company strives to control costs based on continuously contain the wages of their workers encounter difficulties in making offers sufficiently attractive to potential candidates who want to incorporate. Furthermore, will risk the loss of valuable professional if the market moves that listed the higher wages for the same degree of responsibility and competence. Conversely, if a company continuously strives to raise wages by above the market certainly get easily attract good professionals very satisfied and will you have in the template, but eventually will be available at difficulty competing with their products and services on the market if their costs are significantly higher than those of its competitors (Seabury et al., 2011).

This is due to poverty, rising prices, mass unemployment and rising population. Wage payment indeed a vexatious problem and needs to be tackled from economic, social and humanistic angles.

The business plan is to set up a multi-cuisine restaurant in Chandigarh, India. The reason why I chose this business is because we have a family business in catering and also a bakery specialised in north Indian sweets which is run by my father. He has always been a role model for me to start such a business on my own.

Another very important point in industrial relation and probably the most frequent source of conflict between the two parties is the wage effort bargaining. “The wage-effort bargain relates to how hard and productively the employees are going to work, given the terms and conditions of their employment contract” (Lesson 1, The Labour Process and the Wage-Effort Bargain). In other words, the employer wants their employees to be productive and efficient for the least possible wages while employees want the good conditions and maximum wages in order to compensate their efforts. The industrial