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Determine the total amount this company spends annually on its personnel if the following costs are incurred: Plant Manager is paid $11,134 per month Finishers
- Determine the total amount this company spends annually on its personnel if the following costs are incurred:
- Plant Manager is paid $11,134 per month
- Finishers are paid $12/ hour
- Operators are paid $15/hour
- Assemblers are paid $13.5/hour
- Boxers are paid $13/hour
- Molders are paid $14/hour
- Shippers are paid $13/hour
- Determine the total amount of money lost by the company as a result of employee unethical issues, if her actual profit equaled 5% of every dollar paid to its production employees.
- Discuss one or two ways you can improve this companys bottom line if you were this manager.
The following are assumed:
- There are no other supervisors in the plant
- Each box in the chart represents one employee
- Each employee works an 8-hour paid shift daily
- Each employee works a 5-day work week
- One year is equal to 52 weeks
- There are no overtimes and the company does not observe any national holidays
- Each employee gets two weeks paid annual leave and a 1-week bonus equivalent to his/her weekly wage
- There is a 20% monetary loss in productivity because of employee unethical issues such as missing work, theft, carelessness and drug use.
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