Impact the bottom line by reducing indirect costs

Assignment Help Operation Management
Reference no: EM13855292

Training can also impact the bottom line by reducing indirect costs. These are costs that may not be obvious, but that are still important. For example, safety of work processes or equipment can be improved due to training if workers handle materials or equipment more safely. Employee turnover can also be reduced, because of improved job satisfaction due to the training. Assume that training results in a 10-percent reduction in your turnover rate. Also, assume that the cost of a turnover is 1.5 times the departing employee's salary. For a given average employee salary of you’re choosing, estimate the reduced costs due to the reduction in turnover.

Reference no: EM13855292

Questions Cloud

What are four or five key considerations for layout design : Layout decisions affect a wide range of facilities, from factories, supermarkets, offices, department stores, and warehouses, to malls, parking lots, and garages, and kitchens. Select three different items from this list, or other similar items, and ..
Technology from a global perspective : Use the specific example of Iraq and research the type of boundaries that Iraq has with each of its neighbor countries. Discuss the factors that either impede or encourage the diffusion of technology with each of its neighbor cultures
Generate direct cost savings estimate due to the training : Training can also impact the bottom line by reducing a number of direct costs. For example, employee costs may be reduced because fewer overtime hours will be needed because of improved performance. Also assume that you can expect a 10- percent reduc..
Impact the bottom line by reducing indirect costs : Training can also impact the bottom line by reducing indirect costs. These are costs that may not be obvious, but that are still important. For example, safety of work processes or equipment can be improved due to training if workers handle materials..
Evaluate al sirrocos handling of the systems analyst problem : Evaluate Al Sirroco's handling of the systems analyst problem. What would you have done if you were the supervisor? What style of leadership do you prefer? Would you want a leader like Al? Discuss the pros and cons.
Highlight how the destination is focusing on this brand : Analyze the attractions of South Carolina. Using the content, draw conclusions about the focus of the DMO’s efforts. For example, every state has a travel guide and other items to facilitate travel to the particular state geared toward the individual..
Organization to alter its targeting strategy over time : Why might it be necessary for an organization to alter its targeting strategy over time? Use a specific organizational example in your response.
Explain three important user interface design principles : List and describe the four primary functional components of a software application, and the three primary hardware components. Explain the difference among client-server architecture, server-based architecture, and client-based architecture; and dist..

Reviews

Write a Review

 

Operation Management Questions & Answers

  What is role of competitive advantages in hyundai''s success

What are the roles of comparative and competitive advantages in Hyundai's success? Illustrate your answers by providing specific examples of natural and acquired advantages that Hyundai employs to succeed in the global car industry.

  How can management create an ethical culture

A company's obligation is to be profitable- unprofitable enterprises can't afford to be socially responsible.' Discuss why you agree or disagree with this statement.

  What is the role of inventory management in the automotive

What is the Role of Inventory Management in the automotive industry. How does it benefit productivity? Discuss with examples pertaining to Operations Management and Operations Management perspectives. (1500 -2000 words)

  Production planning strategies is best for mama''s stuffin

Mama's Stuffin' is a popular food item during the fall and winter months, but it is marginal in the spring and summer. Use the following demand forecasts and costs to determine which of the following production planning strategies is best for Mama..

  C&a identifies two location alternatives

C&A identifies two location alternatives. Chicago has annual fixed costs of $20,000 and variable costs of $50 per unit. New York has annual fixed costs of $55,000 and variable costs of $100 per unit. For what range of output would New York be superio..

  Make a apa style paper 1000 words al new content comparing

create a apa style paper 1000 words al new content comparing and contrasting any pair from among these formal quality

  Demonstrate logical and appropriate transitions

Write your original response in Standard English, paying special attention to grammar, style, and mechanics. Respond to the questions in a thorough manner, providing specific examples of both the expected benefits and the risks/issues.

  Different conflict resolution and political strategies

Discuss how Larger used different conflict resolution and political strategies to solve these conflicts to make better use the company's resources (Regarding conflicts, politics, and conflict resolution)

  List 5 of the most important concepts or knowledge

Do you think that the ISS Clinic investment in electronic medical records added value for the organization? How would you recommend measuring this "value"? If you do not think that it adds value, what are your recommendations for the system usage ..

  Health policy-overview of theoretical and practical support

Introduce the topic of your proposed new health policy. Include your problem statement and describe the background behind the problem. Show the reader why this issue is important, the rationale as to why the new policy is needed, and what you intend ..

  Compare and contrast restructuring and reengineering

Compare and contrast restructuring and reengineering and explain why it is important for strategic management.

  Should employers be allowed to monitor employees

Should employers be allowed to monitor employees in the workplace? Should distinctions be made based on whether it is monitoring computers

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd