Create recommendation report for Big Steak Your report must recommend a profit sharing plan for at least one of the two companies For the company which a profit sharing plan is not recommended, mention 2 or 3 reasons why a profit sharing plan would not be beneficial No mention of providing an alternative (so not necessary) The report which does NOT recommend a profit sharing plan, explain why For your report that recommends a profit sharing plan, include a thorough cost benefits analysis of the plan an analysis of the overall percentage of profits to be distributed address how profits would be distributed basis for calculating the amount of distributions, who is eligible to receive profit sharing distributions, how distributions are allocated to employees, when distributions take place, any and all other relevant considerations to be taken into account Below are additional statistics about the two restaurant chains Quik Burger Big Steak Employees FT 170 PT 1,800 FT 450 PT 1,100 Total Payroll $16 1 million $28 6 million Number of FT Hires 2019 15 41 Number of FT Terminations 2019 20 38 Average Number of PT Hires Per Year 1,700 550 Average Number of PT Terminations Per Year 1,650 570 Employee Satisfaction Survey (from 2019) Overall satisfaction 52 Overall satisfaction 74 Number of Restaurants 60 44 Customer Survey Rating (from 2019) Overall satisfaction 62 Overall satisfaction 81 FT employees include restaurant managers, some assistant managers, headquarters employees, and some restaurant cashiers Virtually all cooks, wait staff, and cleaning crews are PT FT employees include restaurant managers and assistant managers, headquarters employees, all chefs, and some cooks, wait staff and cashiers Includes payroll taxes Both restaurant chains are considering offering a profit sharing plan as part of the compensation offered to employees The owners of both chains heard that Starbucks was successful in improving morale and reducing turnover by offering its employees stock options Since both Quik Burger and Big Steak are privately owned, stock options are not feasible, yet the owners feel that giving employees a share in the profits could result in overall improvement in customer service and profits

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Create recommendation report for Big Steak Your report must recommend a profit sharing plan for at least one of the two companies. For the company

Create recommendation report for Big Steak
1. Your report must recommend a profit sharing plan for at least one of the two companies.
2. For the company which a profit sharing plan is not recommended, mention 2 or 3 reasons why a profit sharing plan would not be beneficial. No mention of providing an alternative (so not necessary).
3. The report which does NOT recommend a profit sharing plan, explain why
For your report that recommends a profit sharing plan, include a thorough cost/benefits analysis of the plan
1. an analysis of the overall percentage of profits to be distributed
2. address how profits would be distributed
3. basis for calculating the amount of distributions,
4. who is eligible to receive profit sharing distributions,
5. how distributions are allocated to employees,
6. when distributions take place,
7. any and all other relevant considerations to be taken into account

Below are additional statistics about the two restaurant chains.

	Quik Burger	Big Steak
Employees	FT: 170* PT: 1,800**	FT: 450*** PT: 1,100
Total Payroll	$16.1 million****	$28.6 million****
Number of FT Hires 2019	15	41
Number of FT Terminations 2019	20	38
Average Number of PT Hires Per Year	1,700	550
Average Number of PT Terminations Per Year	1,650	570
Employee Satisfaction Survey (from 2019)	Overall satisfaction: 52%	Overall satisfaction: 74%
Number of Restaurants	60	44
Customer Survey Rating (from 2019)	Overall satisfaction: 62%	Overall satisfaction: 81%

*FT employees include restaurant managers, some assistant managers, headquarters employees, and some restaurant cashiers.

**Virtually all cooks, wait staff, and cleaning crews are PT.

*** FT employees include restaurant managers and assistant managers, headquarters employees, all chefs, and some cooks, wait staff and cashiers.

****Includes payroll taxes

Both restaurant chains are considering offering a profit-sharing plan as part of the compensation offered to employees. The owners of both chains heard that Starbucks was successful in improving morale and reducing turnover by offering its employees stock options. Since both Quik Burger and Big Steak are privately owned, stock options are not feasible, yet the owners feel that giving employees a share in the profits could result in overall improvement in customer service and profits.