Analysis of “The Well Paid Receptionist”
Harvey Finley is in quite the predicament. He his company’s net profit should be approximately $107, 614.21 greater than he expected for this year. The problem is that his secretary/receptionist is making six to seven times the amount of an average “good” secretary/receptionist in the local market and has been for a few years.
There’s a few ways this issue can be addressed. One way would be to talk to Ms. Brannen and advice her that there has been an oversight in her salary over the past few years and for the upcoming year the oversight will be corrected and her salary will be adjusted to $25,000 per year with no percent of sales bonus. Another way to address the issue is to fire the
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He would have also had time to make some sales and see how the potential sales market is doing and instead of offering her 2% in sales which obviously we now know was a bad strategy, can offer her more upfront in salary. A person that likes the job they are doing will not leave for one or two thousand dollars more. So Finley can be true to her and make a counter offer in hopes that she would accept and stay. As for the other negative aspect of her getting back together with her husband in Houston and move back there, Finley would either have to offer her a significant more salary or find her husband a position at Troupville Business Systems.
The other important value driver to consider in establishing the Value Over Time maximization is “owner values”. As the owner Finley’s main concern is to keep his business running. Another concern is to make more and more profit each year. Owners need to worry about reputation risk as well and the well being of each of their employees. Some problems Finley is facing with his company, Troupville Business Systems, is that he is paying his secretary more than double what his highest paid manager is making. The problem Finley is facing is not knowing what should be done about this or how to approach the issue. The potential problems that may arise if the current situation
Some of those values are obeying the law, taking care of their members, employees, and their vendors. At Costco two important priority is to take care their employees and to provide training and development. Costco does a great job of taking care of their employees by providing training and development and excellent benefit which include health, vision, dental, 401k, and pay etc. One important aspect of the Human Resources is the training portion of the organization. Many employees that get hire to the new position and although they might have had previous work experience but they lack in the way Costco does their merchandising. Costco used to do a great job in training the new employees. Although, for many years now they have stop training because of the time, money, and personnel it take to train the new employees. Now managers and employees can see the negative effect it has in the organization. This is also true in the performance appraisal. Few years ago Costco, used to do performance appraisal to create a career planning for their employees and now they don’t because of the lack of training. The performance appraisal included short term goal and long terms goal but because the lack of training they have eliminated the part of the
Living as a Latina in the United States of America is tough. Racial stereotypes follow minorities everywhere they go, even in the classroom. The average American has a typical image of what a professor should be like; which most refer to this image as a white graduate male. These perceived images should not exist because professors come in many different genders, sexualities, and races. In “A Prostitute, A servant, and a Customer-Service Representative: A Latina In Academia,” professor in the department of Critical Culture, Gender, and Race studies, Carmen R. Lugo-Lugo, uses emotional appeals and language to inform and create awareness of social and racial stereotypes, as well as how profiting is a priority amongst universities.
| |clerical staff person earns $35,000 per year. (As VP, Rams earns $175,000 annually.) Reducing the number of suppliers |
Tips are generally a small amount of money given to a person as gratitude for a service that has been provided. There are many times throughout our everyday lives in which we are put in a position to leave a gratuity. Whether it be dining at a restaurant, getting your hair cut at the salon, or having a few drinks with friends at a bar. In each case there was a service provided to you, now you have a decision to make, how much of a tip is considered acceptable and should you tip everyone that provides a service to you? There are many guidelines for consumers to follow. With modern technology there are convenient tip calculators available as features on most new cellular phones. When deciding on the tip amount the
They can achieve this a number of different ways, whether it be to increase net profit, increase return on investment and cash flow, or other means. As long as the end goal is to make money. He must learn how to put his operations into those terms to reach his goal.
As an auditor I may decide to use a valuation specialist work. Alternatively, I could test and evaluate the managements’ model for valuation. Under this approach, I would test for appropriateness of the valuation method, determine if the assumptions are reasonable and consistent, and verify the accuracy, completeness, and relevance on the data which the fair values have been measured.
By using the principle of utility I would manipulate the financial statement by overstating the overall profit; as a result, all employees can keep their job. As principle of utility means choosing the alternatives that creates the most happiness for all the people being affected.
Jobs in the tourism sector are all different and all of them follow with different duties and responsibilities, in this assignment I will be comparing two different jobs in the tourism sector, I will be focusing on receptionist at a hotel and air cabin crew. To compare these jobs I will be focusing on their duties and responsibilities of both jobs, I will also compare entry requirements for receptionist and cabin crew and also if both jobs could progress what can they promote to and what is the difference and similarities in both.
Harvey Finley did a quick double take when he caught a glimpse of the figure representing Ms. Brannen’s salary on the year-end printout. A hurried call to payroll confirmed it. Yes, his receptionist had been paid $127 614.21 for her services last year. As he sat in stunned silence, he had the sudden realization that since his firm was doing so well this year, she would earn at least 10 to 15 percent more money during the current fiscal year. This was a shock, indeed.
The company faces pay equity issues both internally and externally. Internally, employees working in the warehousing department want to be transferred to manufacturing in order to make more money. This immediately begins to throw off the
The salary structure is inconsistent with people carrying out identical jobs having pay differences of up to £3,000 pa. This may cause friction within the team. Even when the company promotes an incentive bonus scheme for the production staff, the targets have not been met. And so the bonuses have never been paid. We do not know from the information given whether the targets are unrealistic or the workers do not see the scheme as being worthwhile. The production workers seem to be on a different path to the company’s.
Old Navy is a corporation that exhibits all of the characteristics of a business in an industry where good tactical management is the key to long-term success and survival. There can be little doubt that the backbone of every successful business or company is its staff of employees. Employees are the vital parts of the business machine that can aid in its success or contribute to its failure. It is, for this reason that it is imperative to possess the ability to acquire and maintain effective employees. The chief method by which a business or company can accomplish this task is through employee-centered motivational programs. While being an assistant manager at Old Navy I was able to look into how the business motivated its employees,
This case study analyzed five different projects Target Corporation had to decide on capital spent for which project created the most value and the most growth for the company and its shareholders. By analyzing the financial statements and exhibits of each project, I was able to determine the positives and negatives of each of these alternatives. The alternatives were Gopher Place, Whalen Court, The Barn, Goldie’s Square, or Stadium Remodel.
Franklin Electronics has a simple understanding of earned value management. They understand how to calculate cost and schedule variance, but they don’t know how to analyze the data that they gave to Spokane Industries. If they understood how to analyze these metrics in depth, they would have understood why the vice president was calling the emergency meeting and would have been
* Since management compensation is tied to firm performance, managers are incentivized to keep costs under control and maintain profitability. However, it is important to balance cost-controls with