Tim and Tina own an independent pet grooming business in which employees are hired to groom the animals, take care of customer needs and clean the facility. Other area competitors offer the same services and pay their employees minimum age. Tim and Tina have decided to pay employees $12.00/hr, and include unlimited services for the employee's animals and allow them to provide grooming for one guest of their choice each month. What could the grooming business gain from this payroll decision?
What will be an ideal response?
*The grooming business may see an improvement in recruiting and retention, particularly if the positions are difficult to fill. These improvement could lead to higher employee morale and decreased training costs.
*The employees may feel more appreciated and the longer hours may be worth the effort due to the higher pay and benefits.
*The public image of the grooming business could be improved with customers and the community. The positive word of mouth could draw more people into the business because the customers may think the appreciation of the employees may lead to their pets receiving better care.
You might also like to view...
An out-of-pocket costs is:
A. a deferred cost. B. an actual outlay of cash. C. a budgeted estimate. D. the cost of not doing something.
Walmart's global supply chain has been criticized for all of the following except:
A) exploiting labor in underdeveloped countries. B) bribing officials. C) wasting energy. D) failing to be efficient.
Professional financial planners
a. help by establishing personal financial goals. b. are only for wealthy investors. c. are skilled at offering simple solutions to complex financial problems. d. make financial decisions for investors. e. are best utilized during retirement years.
What is a common association detection analysis technique where you analyze certain items to detect customers' buying behavior and predict future behavior?
A. Clustering factors B. Mashup technology C. Market basket analysis D. Drill-down basket analysis