(Business Management)
Using this assignment prompt below, you will determine what twoaction to take as a team. Choose people to lay off and save moneyso that you are on budget.
A brief background about the situation. You each are members ofthe executive team. Recently, your organization has beenexperiencing no growth. As a matter of fact, you've been losingmoney. You have 20 employees. Your team is currently on track topost a negative gain for the 3rd quarter of the year. Your team of20 employees does not include the executive team (which makes$450,000). You have 1 receptionist ($35,000), 1 office manager($65,000), 5 consultants (averaging about $78,000), 3 salesconsultants (averaging $90,000), 1 marketer ($55,000), 1 webdesigner ($84,000), a graphic designer ($72,000), 1 accountspayable (38,000), 1 accounts receivable (37,000), 2 IT specialist (averaging $62,000) and an IT manager ($92,000), an HR manager($75,000), and a facilities manager ($65,000). You have enoughmoney in the budget ($1,250,000)to pay only 12-15 of thoseemployees based off of your current projects. You may get anotherproject but you won't know if you won the contract for 2 months. Ifyou do get the project, it would start a month after that date andyou would have to hire additional staff.
