Businesses That Have Casual-Dress Days Many businesses have adopted casual-dress days as a tool to boost employee morale. Management likes to use this as a benefit because it is free. Types of businesses that have casual-dress days are businesses in which employees do not have many interactions with clients. Accounting firms, insurance companies, and many corporate offices use the casual-dress policy. These businesses have casual-dress days to increase worker productivity, to have more open communication between staff and managers, cost savings to employees because casual business wear is less expensive, and improved work quality.
Retrieved January 31, 2005 from http://search.epnet.com/login.aspx?direct=true&db=buh&an=15692495 Database: Business Source Premier Tyson, Laura D’Andrea, (2005 February, 11) Offshoring: The Pros and Cons for Europe. Business Week. Retrieved January 31, 2005 from http://search.epnet.com/login.aspx?direct=true&db=buh&an=15174208 Database: Business Source Premier Williams, Thomas A., (2005 January) Can You Complain? Quality Vol. 44 Issue 1.
Retrieved December 3, 2009, from http://www.esrcheck.com/articles/Credit-Reports-and-Job-Hunting.php. (2009). FTC Facts for Business. Federal Trade Commission. Retrieved December 3,2009, from http://www.ftc.gov/bcp/edu/pubs/business/credit/bus08.pdf.
Creating ways to keep poor attendance low is on obvious benefit to any company. Giving an extra week vacation at the end of a fiscal year to an employee for perfect attendance, his or her picture on a wall, there own personal parking spot are some ways companies reward good attendance. Employers must make workers believe there work performed is important and appreciated. Congratulating longevity of employment from employees has been a very common thing at most corporations across the country. Companies recognize that longevity on a job allows workers to master there job task and perform them better.
Another thing to learn from this is creating a happy work environment. By treating its employees well Costco believes that it is creating a happy work environment in which they believe will result in a more profitable company. Also what you can learn from Costco is they are marking things up by fourteen percent or less. This is attracting customer to their goods, and as stated in the article by David Schick “they are selling more olive oil, more cranberry juice, and more throw rugs than just about anybody.” This is allowing Costco to get larger discounts from their suppliers and allowing Costco to set the industry’s lowest price. Some simple things as that are good to take away from what Costco has done.
We can pay our employees at cheap rates and have a peaceful workforce. If we focus on what our business is about, we do not have to worry about the outside problems like trafficking. We can set up a business with reliable energy sources in a perfect country. We can be satisfied with the government regulations on a business and we can definitely make profit in Barbados than in other islands. This country is just like America except that we can make more benefits in Barbados.
1. Customer profit is generating from customer satisfaction level. Customers’ satisfaction level is high, customers are willing to purchase more or buy higher margin product and service. ‘Very satisfied’ and ‘satisfied’ customer has customer profit above average customer profit. ‘Somewhat satisfied’ and ‘neutral’ are still profitable but they are below average customer profit.
April 3, 2001. http://www.fool.com/portfolios/rulebreaker/2001/rulebreaker010403.htm ; pages 1-4. Becker, Holly, Gross, Michael and Leichter, Stephanie. "Amazon.com Inc.: Amazon's International Challenges." Lehman Brothers Global Equity Research. May 3, 2001; pages 1-16.
“Performance Management For Jekyll and Hyde” February 1999 Published in HR Magazine, Legal Trends. Online. Available: http://www.wolfblock.com 8. Vaughan, Susan. “Rethinking Employee Evaluations” Los Angeles Times, 8 April 2001 Work Place, Part W, Page 1 9.