Costco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?
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Costco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?
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- One of the advantages of hiring younger workers is that they: a) seldom seek job flexibility. b) have low expectations for their pay as they lack experience. c) often bring optimism and a proven ability to multitask to work. d) work with a high sense of loyalty to their companies.Why would a company want to provide job applicants with a balanced, honest, and realistic portrayal of a job position? a. To discourage candidates b. To increase recruitment costs c. To prevent negative postings on social media d. To reduce turnoverIn compensation management, if an company is unable to raise your salary, and they are trying to make you stay but are unable to raise your pay, what are three things they can do to make you stay and not leave the worrk?
- Do unions make it difficult for companies to attain a competitive advantage? I think that it is a double-edged sword when it comes to unions and companies attaining a competitive advantage. Unions are necessary to give a voice to the workers while safeguarding them from changes in their wages, pay, and quality of life. Unions can cause organizations to struggle to create a competitive advantage in the economic market by producing the least expensive consumer goods possible. This can limit the job advancement or benefits companies can afford to offer employees since they are providing for the unified force. Unions also provide better productivity and a better-trained workforce.Suppose that all employers in a perfectly competitive industry do not have a preference for discriminating against African Americans but that all the employees at one firm do. Describe what will happen to the profit-maximizing output level of this firm in the long run if the employees’ racial preferences influence the firm’s hiring decisionsThe head of the accounting department is not satisfied with the implementation of the new system. He believes that the new system will result in job losses for many of the bookkeepers. They are threatening industrial action. In your role as project sponsor, what should you do to resolve the situation?
- Identify the major problems in this situation and explain how they impact the organization. You will need to consider both behavioral and analytical factors. Specifically, how might managerial accounting concepts, tools, or techniques be applied to help resolve this dilemma? What are possible consequences of applying the same to this dilemma? Briefly explain Orange Electronics has been experiencing declining profit margins and has been looking for ways to increase operating income. It cannot raise selling prices for fear of losing business to its competitors. It must either cut costs or improve productivity. The company uses a standard cost system to evaluate the performance of the soldering department. It investigates all unfavorable variances at the end of the month. The soldering department rarely completes the operations in less time than the standard allows (which would result in a favorable variance). In most months, the variance is zero or slightly unfavorable. Reasoning that…“A branch office or business segment that shows negative operating income should be shut down.” Do you agree? Explain briefly.What does a consistently negative responsibility marginimply will happen to the operating income of the business ifthe center is closed? Why? Identify several other factors thatshould be considered in deciding whether or not to close thecenter.
- Your CEO is worried about employee retention and recruitment and is considering offering some fringe benefits for that purpose. Outline 3 possible fringe benefits the company could add and what restrictions the company would have to follow for the employees to exclude that benefit from their compensation. The company currently does not offer any fringe benefits.pick the support of the product manager and president. Also provide the reasons from the dropdownPlease answer the following question as much as detailed possible. "Different business units within the same firm will face significantly different competitive environments, have distinct business plans, and so require distinct pay strategies." Do you believe Bangladeshi local corporates practice this method for retain their talent employees.