Mr BaldyEssay Preview: Mr BaldyReport this essayCompensation of the employees in the organization is always viewed as the central important elements for of the organizations. The pay system that should be adopted in the organization will have to offer equal treatment to the entire team as well. The writer will discuss the problems that are occurring at Mr. Baldy and offer solutions to solve the current problems.
1. This focus on excellence and the reputation of Mr. Baldys washes makes new recruiting not difficult. But its still estimated that each new hire costs roughly $800 dollars (in recruitment and training costs). What do you think should be done?
One of the biggest problems that the company has is having seven locations in areas that are busy during the favorable weather conditions. Based upon the data presented the number of washes per day is about four times higher than the summer period by virtue that the winter season offers the most appealing weather to the company and its operations. The weather causes the organization to have unstable working days which does not keep the employees motivated. To keep the rates of the company functions at a high of 10 percent over the rest of the companies in the industry, the employees have to be motivated. This will be undertaken through the establishing of constant working hours so that the employees can be able to adjust their personal schedule to the task at hand (Milkovich, Newman & Gerhard, 2008).
In addition to being an efficient way to keep the company run, a number of other improvements is needed to improve profitability. One of the biggest issues facing the government is the lack of coordination between the financial units of the banking system and the company and the people around the company. All three of these problems require solutions. The business plan should help to solve these problems better. In accordance with industry recommendations, a major focus should be the organization of the company in a way that ensures financial stability, which includes reducing the administrative power of the financial unit and reducing their burden on the company on compliance with the company’s own annual budget. In other words, a great deal of business needs to be done for the new management to make their business plan work for the employees. The current economic condition in the market for the money management services is quite unusual, which means that it is too expensive to have a successful business plan.
There is one major change I wish to say is in regard to the performance. The company is able to focus on the operational tasks, which is necessary at the present time in order to move the company away from operations to real business. In order to achieve my goals, I can take into consideration a good set of objectives such as the development of an efficient business plan to provide for the employees, improving the working conditions, lowering the turnover, simplifying management, and expanding efficiency. A basic goal should be to ensure that the operating cost of employees’ financial accounts is higher than costs of production. In order to achieve these objectives the accounting systems can be strengthened to reduce the use of false information about employees, and to provide for a much better standard of living. The company should look into other methods of accounting, such as tax and service income; and finally, it should make use of technology to improve the quality of the financial reporting in order to better support the shareholders.
As the company develops, its employees are able to pay higher salary. In addition, after paying the higher salary, customers are able to continue to enjoy the benefits of the business without having to go to work when the job is done. It is not a matter where the company will succeed, it is the fact that it will work under extremely difficult conditions. In spite of all of which, the company has achieved its goal. The company should therefore focus on making money from its staff and reduce its costs. It should give employees a job worth living, which will have higher profitability.
The government is also trying to change the law on the accounting for the private income. It intends to impose a fine of not less than 30 percent, to be paid back to the shareholders in proportion to the value of the income and to be deposited in a savings account for the working conditions of the employees. The law does not specify an amount in excess of 200 percent of the value of the employee’s salary. The government should follow the recommendations on its own initiative to make it difficult for the financial companies to profit from the problem as it has not worked out its problems, and to introduce laws to regulate the accounting of private income when there was no need to do so
Because the weather is the deciding factor for the operations of the company, the organization should work to assess the weather the day before hand and ensure that the employees are informed when they are to be in the work place. The variability of the car washes that are completed is highly dependent on the pavement function due to the fact that the increase in demand is caused by drier pavements. To keep employees motivated even on the non-wash days, they should be given extra job allocations on the company premises as this will reduce the turnover rates in the organization. The company requires a team of 20 to 22 employees at the organizational site to undertake the washing of an average of 180 cars. The employees should be allocated a constant working period where they will be required to be in the organization under seeing the car wash operations. This will reduce the high turnover prospective rates that the company will experience if the employees are not given the proper time allocation (Milkovich, Newman & Gerhard, 2008; Rabin, 1995).
For the employees that are working it is their right to receive compensation that is equivalent to the services that they are providing in the corporation. The compensation package of an organization should be structured in a manner that will retain the employees who are competent. The Mr. Baldy car wash company should provide all the employees of the company with a pay package that will keep them motivated. This will motivate them to be committed