Artemis Sportswear Proposal
Alyssa Casler, Derrik Carr, John Humphrey, Raven Porter, Tieran Dysart
Oct 13, 2014
Artemis Sportswear Proposal
When running a business, there are many factors that go into a successful business. Keeping your customers, shareholders, and employees happy will determine if your business fails or succeeds. The biggest part in keeping a business thriving is if it is making money. We could raise prices and leave everything the way it is, but that could lead to a decline in customers. Raising the prices with no inside changes to how the business runs could also scare away investors or lead to less interest in our company. This could also ...view middle of the document...
Making changes to how we conduct training, overtime, outsourcing, as well as employment status and benefits, are going to be a big change that Artemis Sportswear and its employees will have to face.
One change in training can help the company not rely on specialists that typically demand higher pay than non-specialists do that change is called cross training. Cross training is improving the proficiency levels of all employees in many different skills outside of their normal roles. This will ensure that all employees know and can perform the steps in the production process (Mayhew, n.d.). This method will ensure that recruitment and training new hires will happen less often since the employees will have learned more skills than when they came in.
Before we consider hiring, we should consider adding overtime pay. According to Lewis, M (n.d.) considering if our current employees would enjoy the extra pay we would be able to get more work done with fewer people. The overtime pay could be considerably less than hiring, recruiting, and spending money to retain employees.
Outsourcing certain duties to third party services is another viable option. Instead of hiring full time employees for non-critical tasks such as janitorial, secretaries, or other maintenance duties we can combine the use of technology and independent firms according to Lewis, M (n.d.). Finding a service that can provide janitors and maintenance staff for a smaller fee than paying monthly salaries can be very beneficial. For duties, that we would normally hire a clerk or secretary for, we can be replace with an automated computer system for checking in, sending messages, and making appointments for meetings.
Changing the way we do benefits for employees can also help cut costs considerably. Instead of getting rid of certain high-cost benefits, we can change them in order to save money and still provide employee benefits. Reducing the costs of employee health insurance by raising the deductibles and increasing the premium costs that employees pay will insure our workers are covered as well as reducing the costs on the company Lewis, M (n.d.). This plan would affect everybody including owners to ensure fairness.
To better improve company morale among workers when you as a business are trying to save money it is important that you keep your workers happy and upbeat. Even if you do sometimes try , you can't keep everyone, and that thought alone can mess with the morale between employees. Now always having the threatening idea that they too can be fired at any time is not a good way for workers to work hard. So how can you as a company implement new ways to boost morale and keep employees happy? When times are looking grim, you want your employees to feel secure and that they matter. According to Melcrum; a global business that thrives on helping businesses build the bridges between employees and...