profit-loss account 42

May 13th, 2015
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Abraham Lincoln University
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profit and loss statement describe Profits & layoffs

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Group 5Sayan MitraArghyadeep BasuAnupam ChattopadhyayHarshita TewaryMainak BanerjeeTushar JainManas Saha Dennis a member of amanagement team of acompany that is facing tufftimes in vogue of therecession. The organization has 196employees who are notperfect for the job but hasall been around for morethan 3 years. The company has treatedall its employees justly tillnow. Employee retention is topmost priority for Dennis. Having 100workers seems tobe the best deal forthe company. Profit is maximumhere. But it will mean ajob loss for 96 ofthe 196 employees. DENNIS HAS TORATIONALIZE HISPOINT OF VIEW OFKEEPING ALL THE 196EMPLOYEES EVENWHEN IT WILL MEANA MUCH LESS PROFIT WHY KEEP A EXTRAWORK FORCE THANWHICH IS REQUIED Dennis The organization The employees DENNIS His morale, his values ofemployee retention, at thesame time his job also ORGANIZATION The profit, higher cost ofkeeping more employees thanrequired and also the socialimage EMPLOYEES Their job, their and mostprobably their familieslivelihood in a situation whenit will be very hard to find anew engagement The company has done well in the past with theseemployees only, so it will not be very ethical tolay them off in face of a recession. The recession is a temporary thing in the businesscycle, as its effect will wear off demand will againgrow and so will the profitability and marginalprofi

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