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Anne Clark, Executive Director of ABC Corporation is in charge of a small team of 5 employees consisting of 2 assistant directors two project managers,
Anne Clark, Executive Director of ABC Corporation is in charge of a small team of 5 employees consisting of 2 assistant directors two project managers, and an Assistant Executive Director. The budget for the following year will decrease by 15% and you have to make some decisions on what you would reduce to meet the budget. Create a budget of 1 million for the department and add the costs of the employee salaries, material costs, and training costs for this corporation. The company spends 200,000 in training, $300,000 in marketing costs, and employee' costs and $500,000 in misc expenses. The table below represents years of experience and performance notations. Please use an Excel spreadsheet add the total cost and decide on how you will reduce your expenses by 15% overall. The table below does not provide costs as health care for each employee, but you can probably google health care costs for the individuals and add this cost to their base salary. Labor normally consumes a huge fraction of the budget how can you reduce costs and keep the most productive and valuable employees? Please provide a rationale for your decision
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