One way a manufacturing company could increase human capital would be to provide training to workers to increase their skills build more offices that can house additional workers increase worker wages by ten percent reduce payroll by ten percent
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One way a manufacturing company could increase human capital would be to
- provide training to workers to increase their skills
- build more offices that can house additional workers
- increase worker wages by ten percent
- reduce payroll by ten percent
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- Answer this multiple choice question: Decrease of a labor force is called Select one: a. Termination b. Retrenchment c. Layoff intimidation d. Right sizing1. The RitePak company produces packing boxes for the food industry. Old production system allowed the company to make 600 boxes per day (in one 8-hour shift). The company has recently introduced a new production system and conducted appropriate job training, so that production levels have increased to 750 boxes per day (in one 8-hour shift). Labor costs remain the same and average $120 per day for each of the 5 full-time workers. Capital costs were previously $3,000 per day, and increased to $3,200 per day with the new equipment. Energy costs were unchanged at $700 per day. Please compute the firm’s labor productivity and multifactor productivity before and after the changes. Write your final answer in the table below. Show work, and use 2-decimal accuracy when necessary. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.I'm trying to find the capacity of a current line (on a conveyor-paced assembly). Each worker must perform at least one task. There are 6 tasks. Time to complete each task, starting with task 1, is 30, 25, 35, 40, 15, and 30 - all in seconds. There are 4 workers. Worker 1 completes Task 1; Worker 2 completes Task 2; Worker 3 completes Tasks 3 and 4; and Worker 4 completes Task 5 and 6.
- Kim's enterprise raises $10,000 a month. Non-employee costs of Kim amount to $3,000 a month. If Kim needs a monthly benefit of $2,000, how many workers will Kim have if each employee costs $1,000 a month?hey i have completed qustion A but was wondering if i could get help with the rest of the qustions. the qustions are below this. thank you. A company that produces cleaning products is considering a proposal to begin production of a new detergent thatwould cost $1 a bottle to make and distribute, and retail for $2.19 a bottle. Fixed cost for the operation would be$3000 a week. Assume that all output can be sold.(a) What would be the total cost, revenue and profit for a weeklyvolume of 10,000 bottles?(b) What is the break-even volume?(c) Set the problem in Excel, and use Goal Seek to confirm youranswer in parts (a) and (b).(d) Suppose the company has a goal to make a weekly profit thatis at least 25% of the revenue. What level of output satisfiesthis goal? Use the Excel Goal Seek to answer this question, andsubmit your printout.(e) Suppose the weekly demand for the new product is 3,500bottles, that is, the company could only make and sell 3,500bottles each week. Given the same fixed…how the company plan their HRP? Analyzing nature of work, demand for products or services, skills requirement, location, labor market competition and work force skills, labour turnover and productivity. Based on this, the organization decides on their types of contracts, recruitment, upskilling, outsourcing is needed or not and restructuring is needed or not.
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- Tax Prep Advisers, Inc., has forecasted the following staffingrequirements for tax preparation associates over the next12 months. Management would like three alternative staffingplans to be developed. The company currently has 10 associates. No more than 10new hires can be accommodated in any month because oflimited training facilities. No backorders are allowed, andovertime cannot exceed 25 percent of regular-time capacityon any month. There is no cost for unused overtime capac-ity. Regular-time wages are $1,500 per month, and overtimewages are 150 percent of regular-time wages. Undertime ispaid at the same rate as regular time. The hiring cost is $2,500per person, and the layoff cost is $2.000 per person.a. Prepare a staffing plan utilizing a level workforce strategy,minimizing undertime. The plan may call for a one-timeadjustment of the workforce before month 1.b. Using a chase strategy, prepare a plan that is consistent withthe constraint on hiring and minimizes use of overtime.c.…Assumes employee B gets daily wage of $400. By May 1, 2021, He has worked for his company for 12 months. Leave taken with less than full wages is: 52 rest days without pay 4 statutory holidays without pay (falling within the first 3 months of employment) 14week maternity leave with payment of $31,360 (A) What is his 12-moth wages by May 2021? (shows your step of calculation) (B) For calculating the average daily wages, state total number of days and wages to be disregarded. (C) Calculate his 2-day annual leave pay taken on May 1 and 2, 2021 (shows your steps of calculation and round up the figure to two decimal place). Average daily wage:ABC Solutions is a traditional company in textile industrywith a combined workforce of 150 staff. Due to increased levels of competition, this company is now increasingly finding it difficult to compete – especially as the larger companies seem to be a little more innovative, agile and responsive to client requirements. Management have noticed that staff, especially the highly skilled ones, are now leaving the company to seek work elsewhere (in these larger companies). This has meant appointing new staff and undertaking a considerable amount of re-training to replace those that have left the company. Apart from impacting on core business operations, ABC Solutions has started witnessing a drop in its profit margin. Given this position, senior management at ABC Solutions have decided to implement a performance measurement tool (PMT) that would allow them to align the strategic, management and operational requirements of the business. They are therefore considering the adoption of the…