Traditionally, reducing payroll has meant laying off staff. Although this has the intended effect of cutting costs, there are negative effects as well that may counter this strategy. Centralizing certain processes can also result in a need for workers. However, other options may be available to help cut payroll costs, including converting employees to a merit pay system. Whichever option an organization determines is appropriate, careful consideration needs to be applied to the organizational goals and plans and how cuts will affect the strategies in place to achieve these. Certain product lines and strategies could be negatively affected by a reduction in payroll. Additionally, core competencies could be forever damaged. In these instances, the organization may be saving money now, but destroying their earning potential in the future.
"Consider converting merit pay raises to other rewards." Financial Executive, 15(3). p. 8.
Core competencies. (2010). etrieved March 23, 2011, from…… [Read More]
Software-as-a-Service in Accounting: Current Best Practices
IV. esearch Methodology
V. Analysis of esults
VI. Conclusion and ecommendation's
VII. Appendices and eferences
The following are the literature and secondary research sources that will be used for completing this analysis. ABI Inform, Data Monitor, EBSCO Host, Hoover's, Lexus/Nexus and IBIS esearch are the secondary sources of data, which will be used for this analysis. Additionally, research from Forrester Group, Gartner Group, International Data Corporation and Ovum esearch (UK) will be used for completing the analysis as well.
Scope and Methodology
The scope will include interviews with 50 CFOs in the local region from small and medium businesses randomly selected from manufacturing, service and support industries. A total list of all small and medium businesses in the region will be defined and random number generator used to select the companies who will be contacted. Initial contact will be through personalized letters…… [Read More]
Root Cause Analysis and orkplace Management Studies
The study presented several interesting results. Those companies, regardless of size, that integrated a form of "Root Cause Analysis" (RCA) within their organizations were found to have increased their PM and the overall efficiency of their payroll departments. These companies were found to have higher bottom line revenue and shorter time to gross pay amounts than those companies that did not use RCA (Cheek 21). Those companies that have integrated efficient payroll protocols, the study revealed, spent less time on the day-to-day aspects of orkplace Management and therefore could focus critical resources and attention on more vital aspects of the companies business (Cheek 23). Those companies that improved the efficiency of their PM were found to use 58% less critical resources compared to other companies in their peer group (Cheek 23). As a direct result, these companies were able to generate more payroll…… [Read More]
The most important thing a Human esources department can do, is to ensure that it is aligned with the greater organizational strategy. A solid H department will know and understand the bigger picture and be able to prescribe actions that match the intentions of those objectives set out by leadership and other powerful sources.
This essay will demonstrate a practical application of H strategy by describing the selection process of a software program that is intended to manage the organizations wage and salary benefits in-house in attempt to save money by eliminating outsourcing practices. This essay will compare and contrast two different software programs that can be used for this application and provide a selection of one of the two that best meets the organizations needs.
Option 1: Kronos Workforce eady
According to Clancy (2013) " Workforce software provider Kronos is actively bringing human resources (H) applications once…… [Read More]
New Payroll Application Architecture
One of the most commonly automated business processes and operations in the recent past is payroll, which is also the most often used human resource solution. The increased use and automation of payroll is attributable to the need to ease and reduce the time spent in payroll processes, which is one of the first applications in the working environment. Despite the increased automation of payroll, there are several companies that are yet to migrate from spreadsheets to payroll software such as this large organization with offices throughout the United States. The company, which has one large data center with offices connected through a Wide Area Network (WAN), is developing an automated payroll program. This process requires identifying a suitable type of architecture, types of technologies to be involved, and addressing any ethical issues that could emerge with the new architecture.
Type of Architecture for the New…… [Read More]
Many employers use a simple formula to calculate net pay. The formula is as follows:
Net Payment Calculation:
Employee's gross pay = (pay rate times number of hours worked)
minus Statutory payroll tax deductions minus Voluntary payroll deductions
= NET PAY
As mentioned above employers are also required to report payroll tax obligations in accordance with federal and state law. Below is a list of following responsibilities on the part of the employer.
Federal tax deposits
Annual federal unemployment tax return (Form 940 or 940EZ)
Employer's quarterly payroll tax return (Form 941)
Annual eturn of Withheld Federal Income Tax (Form 945)
Wage and Tax Statements (Form W-2)
In regards to the accounting entry, the employer must first record the gross wages earned by the employee, which was mentioned in detail above. It must also include the withholdings of their pay and any addition withholdings which also is detailed above. This…… [Read More]
Literally the work of a Payroll Administrator and the staff they are a member of can make the difference between people in the company having jobs or not, or if the decision is made to shift the jobs to outsourcers or offshore to lower priced countries. In small, rapidly growing companies the Payroll Administrator has an excellent chance for advancement as they are often requested to provide financial analysis of the payroll cost breakdowns by employee and department group. The advances in analytics applications is enabling Payroll Administrators to be more adept at presenting their analyses, and as a result they are getting asked to more and more in companies seeking to manage their greatest single cost, which is payroll.
How a Payroll Administrator Would Use Quicken
With an overview of the Payroll Administrator's role, it's easy to see why Quicken chose to move in the direction of SaaS as…… [Read More]
Centralized application and client management allows efficient solution of application management, access, performance, and security. Below is figure one taken directly from Citix Systems (Server-Based Computing, 1999).
The new architecture will have various types of technology implemented throughout the system. The main component will be the internet which provides the foundation for the architecture. Other web related technologies such as HTML, and communications protocols are also used. The architecture first begins at the presentation level. In regards to payroll this would consist on online paycheck review, or benefits review. At the presentation level, there is the client system, which is used to view Web page information. The client contains both presentation and application logic components. At the content level, there is a Web server that provides interactive view of information from a relational database. Finally, at the data and service level, there is a relational database system, which provides data…… [Read More]
Accounting Information System
Improving Transactional Processing in Accounting Information System (AIS)
Propose two (2) innovative technology changes that would be appropriate for a firm's:
evenue (sales to cash collection) cycle
evenue cycle represents the description of the financial progression of a business entity in relation to the accounts receivable from the point of acquisition of products to the stage when the company or business organization receives full payment for the products (omney, 2012). One of the innovative technological changes that can transform the revenue cycle is leverage technology. This technology would allow the company or business entity to adopt appropriate way of providing crucial information to essential parties in relation to consumers or market audience. Application or adoption of this technology would allow the company to maximize consumer relationships and production or profit levels. The other innovative technological change is automation of the management systems of the firm or organization.…… [Read More]
The change in the United States Real Gross Domestic Product (GDP) ratings has shown both ups and downs in the U.S. economy over the last two years. In the most recent quarter, the first quarter of 2011, the U.S. GDP increased over 2%. hile the GDP has increased every quarter since mid-2009, the quarterly increase in each of the last four reported periods was weaker than the quarterly increase between mid-2009 and early 2010. Overall, however, the recent increases suggest the U.S. economy is recovering from the recent recession.
In 2008, as the United States was entering a period of recession, the real GDP decreased in three of the four quarters of the year, and increased only slightly in the fourth. The GDP trended downward from the beginning of the year, where the real GDP decreased by around 1% in the first quarter, to the end, when the…… [Read More]
UltiPro is an industry leader in HCM, delivering more out-of-the-box functionality than any other provider. UltiPro's continuous H and talent management functionality includes recruitment, onboarding, payroll, worker and manager self-service, benefits administration, compensation management, performance management and reviews, succession management, talent retention tools, time and attendance, workforce scheduling, rich reporting and analytical decision-making tools, and more. UltiPro's Web portal can serve as a company's communications center and the fundamental gateway for business activities because it conveys functionality for everyone in the company, from H and financial departments as well as executives, staff managers, and individual staff. With the UltiPro portal, H/payroll staff, managers, and administrators can complete daily worker administration tasks, administer benefits, manage staff, and access reporting in real-time, all from one central location. Managers and executives can access frequently requested reports and analyze workforce statistics and trends on-demand. Employees can access pay and benefits information, get questions answered,…… [Read More]
Human Resources Technology
Castle's Family Restaurant Business Plan: Stage III
This section should be written last. It provides the reader with an overview of your business plan. This section includes a brief description of the business, the goal of your business plan, your customer's market/clientele, their current "like" competition, and current business operations, and potential fiscal plan (fiscal plan may be assumed based on current manual process compared to pricing of automation).
Introduction provides sufficient background on the topic and previews major points. Conclusion is logical, flows from the body of the paper, and reviews the major points.
This section should summarize the information from your Stage I paper. Provide a basic industry outline. Is it a growth industry? What changes do you foresee in this industry, and how is this company poised to take advantage of them? Take the information from your Stage I paper and…… [Read More]
The initial recommendation comes from the employee's direct supervisor and is then discussed with the general director and the payroll manager.
At the fourth stage, the performance review, the employee and his direct supervisor come once again face-to-face to discuss the outcome of the performance appraisal process. The employee is informed of the managerial decision regarding future remunerations, and a date for a new meeting is set. The new meeting will establish goals for the following year, ergo the cyclic characteristic of the appraisal system (Grote and Grote).
Aside for meeting the three scopes previously identified, performance appraisals also present the company with several benefits. For instance, they create a context in which the employee is introduced to his own core competencies and limitations, based on which he can better direct his future formation. Then, the employees take an active role in their own evaluation and get to know themselves…… [Read More]
Communicatioon in a Project
Importance of Communication in a Project
Effective communication is the key component for successful implementation of any project. The root cause of the project failure is that there is no integration of communication plan in the project lifecycle. Communication is a vital way to manage a project. Depending on the type of project, a project manager needs to plan the method to implement effective communication in advanced before a project starts. Typically, effective communication platform minimizes the project risks, and the failure to implement effective communication in a project could serve as a threat to the success of a project.
The objective of this report is to discuss the importance of a communication within a project. The paper demonstrates the importance of communication in the Personnel, Payroll, and elated Systems (PPAS) project.
Overview of PPAS project
The origins of the PPAS was dated back in 1995,…… [Read More]
e. An amount that is about 1% of GDP) to ensure that the current PAYGO system is solvent for the next 75 years. Thus, 10 trillion dollars problem is not as large and scary if we start acting today to fix the current system).
It is totally manageable."
ut the official plan is somewhat different. ush's administration is trying to introduce private account systems where a fraction of payroll tax will be transferred to private accounts and managed by the future retirees themselves, thus, giving them chance to invest this money into stocks, which have proven to give on average higher rates of return than the Treasury ills which generate rather moderate income.
The opponents of this idea state that this is just a shell-game, where no capital is accumulated and investments are not increased. The overall national capital is not increased, but this plan will cause enormous transactions costs…… [Read More]
An HIS would enable Morgan to manage these operations for the business in a unified fashion. Since every restaurant is relatively similar in terms of its operations and H needs, all could operate using the same accounting approach to these business elements and all such functions could be unified using HIS.
A Human esource Information Systems (HIS) can track a variety of workplace needs, including (most critically for Castle's) the need for "complete integration with payroll and other company financial software and accounting systems" and management of records regarding employee attendance, hours and disciplinary information (Heathfield 2011). Critical functions such as employee's variable hours and the different seasonal needs of the restaurant regarding labor could be easily tabulated using an HIS. If all restaurants were equipped with the software, Morgan could manage such elements virtually from his office.
It should be noted that Morgan does not necessarily need every possible…… [Read More]
C. with interest 4 1/2 per cent.
To further arouse compassion, he includes the personal detail about his parents:
"I owe $3,500 to my parents and the interest on that loan which I pay regularly, because it's the part of the savings they made through the years they were working so hard, I pay regularly 4 per cent interest."
. He calls himself "a man of modest means" adding that Abraham Lincoln said: "God must have loved the common people -- "he made so many of them." Nixon, inother words, refers to himself as a 'common'man.
In Paragraph 4, he abuses his opponent commiting the as hominem fallacy i.e. attemtpting to negate the truth of a claim by pointing out negative characteristics or beliefs of the person supporting it.
And now I'm going to suggest some courses of conduct. First of all, you have read in the papers about other…… [Read More]
Again, it is not simply good enough to have a policy that addresses the need for a broad, systematic outline of changes to the telecommunications network, such as is the case with Coach, Inc. But rather, it is imperative this policy address both the broad policy issues (strategies) and the daily integrations of this new policies within various aspects of the organization (tactical)(MILLE 2003).
The third component of this methodology will focus on the training aspect of integrating a newly designed telecommunication strategy within the whole of the organization. Specifically, this section's theme will revolve around the central question of "Is the user manual easy to understand and does the user manual include a brief description of the application or system and input instructions?"(COMPTOLE'S HANDBOOK, 2005) This section is the most critical of the investigative inquiry given the premise that if a policy satisfies the need for both broad and…… [Read More]
PAYCHEX Case Study
To define the service concept of PAYCHEX it is first necessary to look at the customer benefit concept, as this will drive the service concept. The customer benefits relate to the core benefits which firms receive from using a service (Speh & Hutt, 2012). In the case of PAYCHEX there is the provision of a range of H services, which can provide a great deal of convenience to small and medium sized businesses, reducing their need for skilled labor that is needed for financial functions, such as payroll, filling tax payments and administering of retirement plans. The benefit can reduce the stresses and pressures in a H department and benefit the firm with the ability to rely on a proven service where there are a high level of skills and knowledge, which may not have been available directly to the firm due to the costs of…… [Read More]
Castle estaurants Business Plan -- Stage III
Castle's Family estaurant Business Plan: Stage III
Steven Covey has proved to be the catalyst for many a job redesign (Covey, et al., 1994). Covey's emphasis on focusing on important tasks has contributed to the ability of operations managers to critically assess how they spend their time and energy, as well as shedding light on how those supervised by operations managers spend their time and energy (Covey, et al. 1994). Castle estaurants has taken a hard look at how the chain can continue to grow market share and remain competitive in the current market.
A healthy number of our competitors in the restaurant sector, such as Darden estaurants, Olive Garden, ed Lobster, and Longhorn Steakhouse, are posting earnings ahead of analyst expectations. But Castle estaurants are mindful that those earnings were are down from…… [Read More]
Managers from three different HR departments (from three separate companies) were interviewed concerning the management, job duties and focus of their respective HR departments. A summary of each of their responses is included below.
All three companies look to hire experienced HR personnel and then require them to attend training courses. In addition to outside courses, both the second and the third companies required their HR personnel to attend conferences and in-house sessions as well.
The first company's ROI is determined by calculating the average length of employment and the company turnover rate. The average cost per hire is not calculated by the first or the second company and although the third company does not specifically calculate the average cost per hire they do have a focus on retention due to the cost of hiring new employees.
Each company presented different answers in regards to trends effecting their…… [Read More]
'Oh you won't be able to do that," she told me. "I tried all morning." I looked askance at her, wanting so badly to come right out and say, "Oh yeah? Watch me!" I kept my mouth shut, though. She didn't that as a personal affront; it was true. I knew that our new payroll software was full of glitches and that it caused everyone in the office to want to throw their computers out of the window. I didn't have much time to waste that day, as I was responsible for delivering a set of pension records to the CFO that afternoon; as much as I wanted to prove myself, I couldn't afford to fiddle endlessly with the program. However, I just knew that the solution was right around the corner. If I could figure out how to work with the new software system, I could complete…… [Read More]
Retail Grocery: Industry Strategic Employment and Compensation Analysis
An Analysis of Ukrop's Super Markets
Although Piggly iggly was the first self-service store opened in 1916, the first supermarket to open was King Kullen Grocery Company in New York in 1930 (Food Marketing Institute 2004). Today, though, there are over 69,461 supermarkets competing nationally for a share of the American consumer food dollar. In Central Virginia, Ukrop's Super Markets have achieved a degree of success by focusing on providing busy consumers with a wide range of prepared foods, in-store cafes, full-service pharmacies and a prohibition on alcohol sales. This paper will provide an overview of Ukrop's Super Markets and the sector within the North American Industry Classification System in which they compete. An analysis of the number of establishments within the sector, the average payroll and average number of employees will be followed by an assessment of the types of benefits…… [Read More]
The organic nature of the products that the company offers all seems to have a detrimental effect on profitability. Kudler may have to eliminate certain product offerings. This is particularly true if these products are not selling very well. In addition, the owner of the company may have some success in negotiating a lower price for those products that do sell well. The owner should be careful not to settle for whatever price she is quoted.
Another issue is payroll expense. All companies have problems with getting payroll expenses to a reasonable level. However. Kudler seems to have a problem in being able to pay highly specialized workers at the rate of the market. In addition, when on the specialized workers gets sick or quits it is difficult to find a replacement. Some of this will be remedied when the aforementioned problems are handled because it will create greater cash…… [Read More]
Also, as care is prioritized, those individuals deemed to be in a less urgent need of care are given a lower priority, which results in a wait list. Finally, as physicians are compensated on the same level of salary, fewer people may be attracted to the profession for its financial rewards. In a public system, patients shop around less for providers because most providers charge the same fees. ithin a public system there is less 'siphoning' of middle-income people to higher-cost physicians with short waiting lists.
Visit: http://www.csc-surgery.com/contact.php.hatexactly is this hospital? hat would your policy response be?
According to its website, the Cambie Surgery Centre is a private healthcare clinic. The site notes that the "BC provincial government looks to private health care facilities like the Cambie Surgery Centre to help ease the long public wait lists." The hospital is a paying hospital that uses sophisticated technology to perform its…… [Read More]
On the other hand, applicable laws do have authority and under the concept of moral relativism, it may be justified that any duly passed law be complied with (Svensson & Wood, 2008).
One lesson from this case might be that laws between entities in different sovereign nations can be much harder to enforce than laws between entities within the same nation. In the future, Pakistan and other nations might want to make sure that their contractual agreements contain mechanisms that make them enforceable across international borders. On a broader level, another lesson might be that ill-gotten gains should not be promoted by governments in the first place. Those who believe in the supremacy of divine law might consider the position in which Pakistan found herself to be an example of God's reminding us of the obligation to conduct ourselves ethically toward our fellow man.
Creffield, Lisa. "Why you can't…… [Read More]
The modeling environments was so accurate it could deliver results that aligned at a 95% accuracy rate with the actual results achieved. Another advantage was the use of knowledge management to orchestrate multichannel selling, marketing and service scenarios across the client's specific requirements and needs. The analytics and knowledge management systems were also combined successfully to create a constraint-based engine as well. All of these factors were critical to the success of the system.
The cons of this modeling approach were the lack of precision on pricing ands the ability to model the more finely-tuned aspects of the programs. There was not enough data to create a profitability measurement and the use of constraint modeling at times could leave out the more unpredictable aspects of the marketing mix. hile the virtual marketplace proved effective for testing message, media and defining audience, it lacks the precision necessary for making long-term, highly…… [Read More]
business plan for a software company, Nerd Patrol. It contains an analysis of the company's ownership, business operations, and organizational structure, projects its revenues and costs of operations for the short run, and presents some important marketing strategies for the success of its business in the IT industry.
Introduction and Brief Description of the Venture
This paper presents a business plan for a new software company, Nerd Patrol that provides a number of software and hardware products, technical services, and web solutions to individual and business customers. The plan constitutes all the major operational, personnel, financial, and marketing strategies which Nerd Patrol will pursue during its initial phase of business set up. The opening section introduces the business in brief and proceeds by explaining the organizational and key business players. The "Financial Analysis" section presents projected revenues and costs of operations for the company by highlighting the major investments and…… [Read More]
Enterprise-Level Business System
For this startup company to make maximum use of informational technology, it must create a website that is not used merely for informational purposes, but is designed to handle customer inquiries as well as vendor proposals. Currently this spin-off startup company is not using its informational technology to full capacity. Although each operating group has its own database, enterprise infrastructure has not kept pace with internal needs nor with the overall supply chain expansion.
Additional personnel cannot be added meet the growing demand for the specialty, although the company's board of directors realizes it must better use information technology to handle the company's further expansion and to reduce growing human resource needs. Executive management has developed the following business goals to provide direction for the company and to be the focus for all IT initiatives, including creating at least one new international target market must be established…… [Read More]
Strategic Recommendations for a Reduction of Operating Costs for Burn Care Unit
Burn Care Unit is a healthcare organization operating the 40-bed unit. Since its formation, Burn Care Unit business has been profitable with an increase in revenues, however, the organization has faced challenges in recruiting the professional nurses, which forces them to adopt the Baylor plan. The plan is an overtime policy that adopts 36 hours pay for nurses who work for 24 hours on the weekend. Nurses who work for 60 hours in the weekdays are paid the equivalent of 70 hours. However, the company has recorded high cost of operations because of the policy. Moreover, Burn Care has incurred $800,000 in nurses' payrolls because of the Baylor plan, and based on the recent increase in the costs of operations, the accountant has suggested that the CEO should discontinue the Baylor Plan to reduce the costs of operations.…… [Read More]
Rather than facing the conflict and resolving it immediately with the person causing conflict, Kalinsky leaks valuable information to a person with a vested interest in both the company and the future of the person being removed from company management. It is no wonder that the situation seemed to backfire on Kalinsky.
In this exercise, integrative negotiations were utilized through the process of principled negotiations. Kalinsky and Kenworthy came to amicable terms with regards to cashing out both his and his father's stake in the company and they dropped the wrongfully terminated suit. The wrongful termination suit was most likely just filed in spite and was postured as a leverage point on which bargaining could begin. It was obvious that Kalinsky was not in the financial position to pay out the Kenworthys' shares immediately, however it was only fair to pay them the agreed upon amount.
Communication Problems…… [Read More]
To the extent the respondents expressed their perceived need for improvement, the areas implicated relate to functions that reflect executive decisions and operational management decisions rather than human resources decisions, notwithstanding the fact that those functions might be administrated by the human resource department. .
Two Appropriate Human esource Evaluation Methods
Two appropriate human resource evaluation methods that are applicable to the organization are (1) the proportion of new hires that remain in the organization's employ for at least five years, and (2) rate at which junior employees earn promotion to higher positions including management positions (Noe, Hollenbeck, & Gerhart, 2009; obbins & Judge, 2009). In this organization, those measures would indicate that the principal human resource functions are operating effectively. There is a low rate of attrition among new employees and there is always competition among multiple qualified candidates for promotion to supervisory positions.
On the other hand, those…… [Read More]
For the C-level executive team at Oasis the most critical strategic decision with regard to Web 2.0 technologies is processes, systems and functional areas can take the greatest advantage of their benefits. It is clear that the globally-based distributed order management process could be much more collaborative given its breadth of activity across so many manufacturing centers. The need for creating a collaborative distributed order management system globally is what differentiates best-in-class manufacturers from those that struggle to stay profitable (Alt, Gizanis, Legner, 2005). The use of Web 2.0-based applications for enabling greater levels of collaboration globally in the Oasis product development teams is also a high priority, as this specific process is essential for the new product development and introduction (NPDI) process to be effective. The rapid adoption of collaborative new product development processes has continued to revolutionize the development of new products and services, and has been particularly…… [Read More]
The two UPWARD ones = "SALES, PRICE MOVE in SAME DIRECTION, WEAKLY"
= WHAT'S the DEAL? NOT SAME.
Other factors at play besides just price alone.
Likewise next graph, sales to ADVERTISING.
IF more advertising = more sales, then ALL of THEM WOULD BE 100% (1 = 100%).
WE spent 25% more advertising than everyone else but our bar is NOT as HIGH
= THERE IS SUCH THING as "TOO MUCH ADVERTISING YES"
And we found it. = Cut advertising won't hurt sales, but WILL save money.
AND this is borne out by NEXT slide, where GREEN LINE dips far lower than all the rest: =
We're spending too much, not getting competitive performance out of our advertising $$s.
THIS IS a BIG DEAL, it MEANS DON'T SPEND SO MUCH;
WE WOULDN'T KNOW THAT WITHOUT DOING THIS
The same thing basically goes for number of Salespeople as well.
Point…… [Read More]
Benefits to the Organization
Milestone 1 -- Company Background
echnology Used to Augment Project
Value of the Approach
Business Process Change
echnology or business practice
High Level Implementation Plan
he Byrd Limousine Company is an organization that has provided specialized limousine services to Southern California clients for over two decades. BL is owned and operated by Shelonda Byrd Hale, and has seven full time drivers, five male and two female. he company caters to individuals who want stylish or specialized transportation using a driver and a larger, more luxurious automobile. he market that provides these types of services is very competitive and continues to evolve as new models of limousines become available. At present, Byrd Limousine processes data for clients, services, and internal information manually. he enclosed Proposal of ransaction Processing Systems will allow BL to use a more automated, and streamlined, way to…… [Read More]
Dollar General (NYSE:DG) is a U.S. chain of retail stores headquartered in Goodlettsville, Tennessee. Dollar General belongs to the discount and variety stores industry and was founded in 1939. Having variety and discount stores at more than 10,000 locations, the company's current key people include chard W. Drelling as CEO and David M. Tehle as CFO (About Us, n.d.). With annual revenue of more than $14 billion in fiscal year (FY) 2011, the company has more than 90,000 thousands employees. Low cost items are main product category in which DG deals. The business model of Dollar General is based on selling convenience goods, quality brands, discount pricing, and variety in business model according to locality served. Dollar General competes with Wal-Mart but with much smaller retail and discount stores as compared to Wal-Mart. Having more than 10,000 neighborhood stores, DG maintain 'simple' layout of her stores. The main products that…… [Read More]
Reporting on Information Needs
This report aims at establishing the process for managing records within the organization and marketing products. This report was requested by Michael Duffy Administration and Business Support Manager, based on the numerous complaints raised by staff regarding the hurdles they face when trying to access information from the current information system. The staff have explained that it is difficult for them to find information that is correct and up-to-date. There are also numerous brochures, and the staff is uncertain what brochures are correct. This leads to the wrong information being shared and provided to potential students and clients. The sales teams have been using the old document versions, and they have not been aware of this problem since there is no version control being followed as stipulated by the organization it is difficult for them to know when documents are updated and what documents should be…… [Read More]
e-Business should focus on marketing through social networks and a website; through identifying potential suppliers. e can't sell food and drink online so the site is mainly for promotional purposes. The cafe's main metrics will be page impressions, Facebook fans, Twitter followers. Reaching out to customers using social media can help to inform them about promotions and new products. Social media is also the modern-day equivalent of knowing all of your customers by name (though that would not hurt either) as it helps to foster a relationship allowing for improved retention. A portal is not of much value for the employees. At best, they can check the schedule online. e don't have that many people working at Broadway, an expensive back end system for staff we see everyday is poor value. I would not use kiosks in the cafe. I would focus on a ifi network and let the customers…… [Read More]
It also assists these individuals to better understand themselves and nature and improves their understanding of their place in the world around them and their senses. For people who pursue some of the more challenging outdoor recreation activities, they have many opportunities for development of self-image and self-confidence, cooperation and trust, and physical fitness. These benefits frequently are only gained through sporting and other leisure time activities in a natural environment.
Up until now, however, the emphasis has not been on recreational facilities for this older population. In a study conducted for the YMCA (Blanding, 1994) as part of the Comprehensive Leisure and Aging Study of the University of Northern Colorado and National etired Persons Association, directors of senior centers and programs were asked to say whether or not they provided any of a select group of outdoor recreation activities. As noted by the following chart, very few senior centers…… [Read More]
New home construction in the community also alters water usage issues. Bob Wilbert is the head of maintenance of the facility and oversees all internal and subcontracted maintenance and upkeep of the grounds and facilities.
The administrative structure of the facility includes:
Successful criteria employment
General Manger oversees all staff, including temporary and permanent employees in catering and facilities management
Controller facilitates all accounting and financial needs and maintains records.
The facility does not offer a box office or ticketing, but reservations for golf and tennis are suggested. The facility has 550 golf members and over 1000 sport and social members. So use of the tennis and golf facilities are in high demand. The golf shop schedules tee times every 10 minutes and the tennis facility has 30 minute to 3 hours reservations for tennis courts. Availability for walk in is always a possibility but does not take priority over…… [Read More]
This would indicate to me that they have great potential to undertake research or to perform postgraduate study in their chosen field of marketing. Certainly, I anticipate promoting ____ into a marketing position once the company has grown enough to financially allow such a specific position to be created. Then, I and the senior staff can delegate such functions to that staff member.
In their position, ____ has exhibited great motivation and a sharp intellectual capacity. They perform their work to a high standard. This is certainly one of their great strengths.
In terms of the candidates main strengths, it would also be their team playing and amicability. This would certainly translate well into working on group assignments in graduate school. In terms of weaknesses, ____ is possibly a bit too accommodating to other employees. It is certainly great to see a capacity and desire to work in any candidate,…… [Read More]
Giving the department supervisors the authority to take responsibility over each individual employees' hours to ensure accuracy should allow for the catching of errors and purposeful overstating of time, while allowing the employees to enter their time into the computer themselves gives opportunity to report accurate data the first time.
By using simply mathematical equations, Fargo will be able to measure the benefits of implementing these recommendations. Single-factor productivity can be measured by taking the units produced and dividing it by the labor-hours used. For instance, if 1,000 units are produced for every 250 hours of labor, the number of units per labor-hour would be four. If the changes in the functions increased units or decreased hours, the company will see a positive change in their productivity, thus saving them money (Herzer & ender, 2008). The company can also determine how many hours of labor were spent on the old…… [Read More]
The focus of this area has shifted to eb application development including the development of complex, highly integrated enterprise system platforms beyond the scope of client it departments. This shift has actually accelerated the financial performance of Indian outsourcers to such a great extend that their goals are now to catch IBM in revenues and eventually surpass them in terms of consulting revenue. The outsourcing of complex it projects however must be exceptionally well managed and orchestrated to ensure the goals of the client are still achieved as the development takes place (Hsu, u, et.al.). Due to the high value of programming and development talent in Indian and Chinese outsourcers, this area is the fastest growing of their core businesses. In this area, there are many opportunities for students to advance their careers.
The three most important strategies students can take to capitalize on this trend is to first concentrate…… [Read More]
What is the role of HR Department in your organization?
According to the HR Manager, the role of HR Department in Washington Mutual is to handle the responsibilities relating to performance management and workforce planning. The company's HR Department also acts as a steward to the company's brand and change agents.
To what extent is the HR Staff/Deparment involved in strategic business planning? Please explain.
The HR staff and department is strategically involved from a workforce planning prospective. Whenever there is a hiring need, departmental change, or a position that needs to be created, everything starts from the HR department. They look at various factors internally and externally before proceeding on the processes that will meet the needs of the company. One factor that the HR department considers in their business planning is the budget of the company.
In your own opinion, what are some of the most pressing human…… [Read More]
stock options and benefits and flexible benefits. It determines that stock options and benefits, tied directly to organizational performance, are good for the organization, however, they may have been a contributing factor to recent corporate scandals. And, the paper will discuss how my organization utilizes flexible benefits, and the rewards the organization has reaped, as such.
Incentive Conflicts and Contracts
Stock options and bonuses tied to company performance are effective in motivating executives to work for the good of the organization. It allows these employees to "participate from an equity point-of-view" (oberts, 1999). This tie with the employee financial incentive to organizational success is now not only a perk top-level management receives, but is also increasingly being offered to employees at all levels within the organization.
This inclusion of all employees is a strong strategic move for many organizations. As Tony Plath, a professor of banking and corporate finance at…… [Read More]
I'm also good at communicating with the internal and external stakeholders of an organization. For example, at Sam Jacinto Community College, I was constantly interfacing with the athletic department and ground maintenance. And, as a sales manager, I developed a wide range of communication networks with area businesses and vendors.
A also believe that I have the unique breadth of skills required in education administration. y earlier work in the field of boxing clearly demonstrates my ability to handle complex and diverse tasks. I was effective at many activities such as promoting events, organizing local sponsorships, producing newspaper and television advertisements, completing contracts, setting venues, establishing commissions, selling tickets, booking hotel and food accommodations, making travel arrangements and paying operating expenses. Administration was also a large part of my sales management responsibilities that included ensuring acceptable revenue generation, tracking company inventory, expenses and payroll, preparing contract proposals and loan documents…… [Read More]
Human resources management processes: workforce planning; recruitment, attraction selection employees; training, development managers subordinates; personnel administration; compensation; payroll; employee benefits, performance appraisal, labor relations,
Competitive advantage: Four requirements
For a firm to thrive, it must offer a unique product so it can ensure that it can deliver a sustained competitive advantage that cannot easily be undercut by price or substituted by a similar product offered by a firm within the same industry. The following four criteria to establish a competitive advantage are as follows: "(a) the resource must add positive value to the firm, (b) the resource must be unique or rare among current and potential competitors, (c) the resource must be imperfectly imitable, and (d) the resource cannot be substituted with another resource by competing firms" (Wright & McMahan 1992). Finding a physical good or service that meets all of these criteria can be challenging, but Wright & McMahan…… [Read More]
restaurants and bars fail is that owners and operators fail to implement a food and beverage control system. Without one, they have no way of knowing if anything is missing or if costs do not measure up to standard. A control system is a necessary and beneficial tool in maximizing profit and keeping waste and pilferage to a minimum.
One of the most critical aspects of food and beverage control is profit planning. In the final analysis, the profit generated must be sufficient to keep the business running and the owner pleased with the investment.
Three ratios are extremely important in profit planning:
Operating Ratio = Net Income efore Taxes / Net Sales: This ratio is commonly known as net profit to net sales. The higher this ratio is, the better. For example, in full service operations with an average check of less than ten dollars, the median…… [Read More]
Financial atios From Income Statements:
Accounting in hospitality management is carried out to identify and document financial issues and produce information regarding an organization's assets, liabilities, and investments. Through this process, the management of a hospitality establishment understands and interprets financial ratios, which are crucial for basic control of operations in the establishments. Some of the most important financial ratios in hospitality accounting include average daily rate, occupancy percentage, room sales to total sales, cost of food sold percentage, profit margins for rooms and F&B, housekeeping cost per occupied room, and cost of beverage sold percentage. These financial ratios can be determined or worked out from a company's income statements or operational data (Casado, 2006, p.103). For the 310-room hotel in Costa Mesa, California, the Occupancy percentage is 7,755: 310 = 25.02%
Cost of labor percentage for rooms is 103,202: 437,433 = 23% for F&B is 113,349: 302,188 = 37.5%…… [Read More]
Health Care Finance
Assets and Liabilities
Assets and liabilities are found in a balance sheet. Baker and Baker (2011, p. 107) define a balance sheet as a record of "what an organization owns, what it owes, and basically, what it is worth."
Payroll taxes due
Assets, in basic terms, are all those items that an entity owns. In essence, an asset should have some value attributable to it. Current assets, according to Shim and Siegel (2000, p. 25), "are assets expected to be converted into cash or used up within one year or the normal operating cycle of the business, whichever is greater." They include such items as cash and stock. Long-term assets, on the other hand, include all those assets or items an entity does not intend to consume within a single year. Examples include, but…… [Read More]
TOTAL EQUITY AND LIABIULITIES
(2) Discussion topic: Technology and Tools
Lower start-up costs. Fewer issues with maintenance of hardware. More resources including personnel and sophisticated procedures for security and backup of the patient information.
More ongoing expense over the long-term.
Subject to interruptions to the Internet, which restricts access to the EM data.
The clinical information may be stored along with data from other practices.
Enhanced patient safety with respect to drug allergies or interactions and proper dosage. Enhanced documentation with access to digital imaging and special testing. Better integration between the clinic and the business department.
Although somewhat remote, a vendor providing web-based EM…… [Read More]
Headquartered in Malaysia, Call Central provides back-to-back client communication service; voice as well as live chat, to Fortune 500 corporations all over the world. We offer a variety of client interaction services using numerous channels of communication. We are equipped to cost-effectively handle all sizes of business needs, technical service, and whatever unique communications venue you require. Our goal is to understand your business and to emphasize your particularly objectives by dedicating the appropriate level of resources to your particular project. We continually improve our agents' customer care and communication skills with regular monitoring, review, coaching and constant feedback. In partnership with our clients we make real-time program enhancements designed to improve campaign performance based on your criteria. Call Central offers the following services:
Customer Service and Customer Support ? Technical and Warranty Support
Sales and Sales Support ? Customer Retention Programs
Marketing and Marketing Research ? Unique Specialty Projects…… [Read More]
The people who opt for early retirement stop staring contribution to pension system where as they start getting the benefits of pension system. (Prieto, 1997)
The traditional unfunded social security system is facing lot of problems in the United States and other developing countries with the increasing life expectancy of the people. The cost of providing any level of service is directly linked to the percentage of people who are employed against people who have already retired and enjoying pension in a pay-as-you-go system. The problem is continuing and increasing with people's move towards early retirement which is encouraged in many countries social security system. Even in the event of retirement being stabilized, the steep increase in the ratio of the aged against that of working age is contributing to the substantial raise in the cost of pay-as-you-go system. The United States estimators, who work for social security system, forecast…… [Read More]
Accounting System Implemented at Chic Paints Limited
eport submitted in order to fulfil the requirements of AAT Accounting Qualification
Internal Controls and Fraud
Accounting System eview
Weaknesses in the Existing System and ecommendations
Cost and Benefit Analysis
Mapping of report to outcomes and criteria
The purpose of this report is to present the findings of the evaluation of existing accounting system implemented at Chic Paints Limited. Chic Paints Limited hired me as an Accounting Technician of the Company to review the accounting systems of the company and report on the operating effectiveness of the internal controls, and this report explains it.
The report also discusses the results of the evaluation of existing accounting systems implemented at Chic Paints Limited on the basis of the AAT code of Ethics and Sustainability requirements. The report also identifies and presents the weaknesses in the existing accounting system along with the effects of the…… [Read More]
American Jobs Act
The American Jobs Act of 2011
The American Jobs Act
This paper advocates passage of the American Jobs Act of 2011. Two years after the Great Recession of 2007-2009 ended, unemployment continues at near record highs. As of September 2011, according to the Bureau of Labor Statistics, the unemployment rate held at 9.1%, with the number of unemployed persons at 14.0 million. The unemployment rates for adult men (8.8%), adult women (8.1%), teenagers (24.6%), whites (8.0%), blacks (16.0%), and Hispanics (11.3%) were essentially unchanged for September. The number of long-term unemployed, those who were jobless for 27 weeks or longer, was 6.2 million individuals, accounting for 44.4% of the unemployed. The number of individuals employed part-time for economic reasons, also referred to as involuntary part-time workers, rose to 9.3 million in September. These persons worked part-time because their hours had been cut back, or because…… [Read More]
Demographic shifts have had a major impact on H departments around the globe. Workforces have become much more diverse and this has caused companies to resort to significant changes in the way they mange human resources (Demographic shifts and the H challenges of the future -- H news from Michael Bailey Associates 2014).
Changes that could affect human resources management
Ageing workforces around the globe, particularly in the Western world and other developed countries because of better health care and less conflicts have huge consequences for human resources departments both presently and in the long-term in terms of recruitment and training. Ageing workforces may also result in more intergenerational disagreements in the workplace, for instance, older employees will be perceived by younger ones as being obstacles in their career progression with companies. Human resources managers will have to come up with ways to solve such imminent conflicts and…… [Read More]
Smiths to Minimize Their Total Tax Liability
Mr. and Mrs. Smith's concerns about their future income and estate tax bills are important because of their need to engage in tax planning, which can be described as organizing personal financial affairs in order to lessen taxes. In light of their concerns and current situation, there are several recommendations or ways with which the Smiths can reduce their future income and estate tax bills. Therefore, your advice to them on tax planning should be based on considerations of these various recommendations in light of their advantages and disadvantages in addressing their concerns.
One of the ways through which the Smith's can minimize their total tax liability is through giving annually, which will help lessen future estate taxes. As of 2015, the federal estate gift and estate tax exemption amount was $5.43 million, which implied that taxable estate exceeding this amount would be…… [Read More]
improvement and where the project that will be discussed in this paper will evolve is the problem in monitoring the attendance and leaves of employees which affect the processing of employees' payroll. A proposed solution, which is the implementation of an automated system, shall be discussed in the following section.
The objective of this project is to resolve payroll-inaccuracies wherein the payroll department always receives complains regarding miscalculations of employee salary due to inconsistent recording of employees' leaves, absences, and attendance at work. That is, the absences, leaves, and overtimes are currently being filed manually. By automating the attendance (i.e. Time IN/OUT) and leave/absence application of employees, the payroll department can accurately compute the employees' salaries.
Assumptions egarding the Project
New technologies continuously emerge, thus it is important that the company should go with the flow of advancing the organization's business operation in terms of using technology-based solutions that facilitate…… [Read More]
The lack of process orchestration shows that IBM is failing to understand and manage the bargaining power of suppliers effectively. The core requirements of the project center on a series of healthcare professionals who taken together are the stakeholders of a complex payroll processing system (Paull, 2013). The requirements from a project management standpoint is to concentrate on the bargaining power of suppliers as system integration partners and create a unified project plan that can successfully meet multiple stakeholder needs. Making this more difficult than other implementations is the bargaining power of buyers, who also are requiring that IBM construct a system they can quickly use to solve complex supply chain, procurement and strategic sourcing challenges as can be inferred from the article (Paull, 2013).
IBM has also allowed for a greater level of threat from new market entrants as well, through the ineffective management of stakeholder requirements. What's obvious…… [Read More]
Financial Projections for Touch My Knuckles
Touch My Knuckles, a firm selling mixed martial arts appeal, including shirts, fleeces, hats and sweatshirts will provide a great potential for investment. The aim of this paper is to look at the financial statements for the first three years of operating, including start-up costs, cash flow, income statement and balance sheet. Following the financial analysis consideration will be given to the way in which the may be raised an issue of capital structure.
The following financial statements indicate potential of the business. The financing being requested in $248,560, this can been calculated with reference to the start up costs, less the available capital, with an allowance of the operating loss that will be made in the first month.
The start up costs are relativity modest due to the use of outsource suppliers who will send the goods directly to the…… [Read More]