¶ … Labor Productivity: A Quantitative Analysis
In the aforeposed article Professors Randolph Thomas and Karl Raynar attempt to comprehensively examine the effects on labor productivity resultant from management's deliberate scheduling of overtime hours (Thomas & Raynar, 1997). While such tactics have been highly utilized historically with the intent of increasing productivity, the overworking of employees seems a bit counterintuitive with respect to the enhancement-related goal. This conundrum has been the cause of much controversy because of its potential for unlawfulness (exceeding the mandated 40-hour work week) and its potential for humanistic labor exploitation. In analyzing this litigious topic, Thomas and Raynar collected continuous feedback from four industrial projects for a period of 122 weeks (Thomas & Raynar, 1997). In doing so, these experts narrowed their study into a direct unit-based efficiency model (Thomas & Raynar, 1997). That is, in their selection of the industrial sector as the arena for their work, they were able to define productivity increases and decreases by the number of marginal units produced. Additionally, the Pennsylvania State University professors added a somewhat revolutionary component to their study by considering the loss of efficiency as a strict function of time (Thomas & Raynar, 1997). They also examined scheduled overtime with relation to the work environment, ultimately finding that environmental deficiencies are direct contributors to labor deficiencies. Being that Thomas and Raynar were investigating various different projects, they were able to estimate a universal conversion equation from the available company resources in order to garner analogous figures (Thomas & Raynar, 1997). This equation is stated below:
where I is equal to the item number from the respective company manual and j is equal to the manual number (Thomas & Raynar, 1997). Using this conversion factor and the baseline productivity benchmark equation (where productivity is equal to total work hours divided by total quantity produced), Thomas and Raynar were able to successfully equate statistics from multiple projects in order to obtain...
AbstractThis paper sought to establish the relationship between teamwork\\\'s productivity, job knowledge, the necessary resources to accomplish the task successfully, sick days, and equitable treatment. It highlights how an enterprise\\\'s organizational culture is frequently viewed as a requirement for teamwork inside the firm. This is characterized as the shared values, viewpoints, or opinions of workers within the organization. The report also includes descriptive data and numerous regression analyses that were
Labor Relations Steps in preparing for first round of bargaining with the union In preparing for the first round of bargaining with the union would be to review the proceedings from previous negotiations with the company or other companies. In reviewing the minutes or notes available from previous negotiations, the managers of the company will be able to analyze the arguments being presented by the union to determine whether they were covered
32, and Pepsi's ratio is .29. These are close, but suggest that Pepsi is actually able to generate more revenue for every dollar of property and equipment it owns. This makes sense given the operational differences at these companies; as noted above, Coca Cola does not actually own or operate all of the production elements for its products, thus it makes sense that is has much lower property values than its
Managerial Accounting Cost-volume-profit analysis is a tool used in managerial accounting that helps companies to determine the level of production (and sales) required by the company to break even. In CVP analysis, costs are separated into fixed and variable costs. The assumption is that the fixed costs do not change, while the variable costs do change with the level of production. Once sales are taken into account, so are variable costs,
Costco Internal Assessment Part 1 Qualitative Analysis Brief Company Overview Having commenced its operations in 1976 with the establishment of the very first retail warehouse club in San Diego by a warehouse club retailing pioneer by the name Sol Price, Costco has grown to become one of the largest retailers in the world. The company’s first location mainly served small enterprises and was located in a modified/adapted plane hangar (Costco, 2019). The name of
Panels of data from each of the odd-numbered years between 2000 and 2010 -- 2001. 2003, 2005, 2007, and 2009 -- were used in this research, and though these datasets included many of the same individuals from year to year each individual was counted separately in each separate year. This was considered appropriate for two reasons: first, as this research was not longitudinal in nature, and is attempting to determine
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