Employee Benefits Essay Example | Topics and Well Written Essays - 500 words

Employee Benefits - Essay Example This measure may be used effectively as an incentive tool - where managers will be provided with a ten days paid vacation trip (in the form of a package), on condition that he/she has completed two years of service and has been able to successfully achieve target set (both qualitative and quantitative). In ensure full productivity in the highly labor intensive spa industry, it is necessary to provide offs to the employees, which will help them rejuvenate. An implication here may be that the employees may opt for the holidays in unison, and that this may become an issue, especially during festivals. Proper counseling and the mention of an appropriate clause in the contract will ensure that this plan is implemented soundly. The scheme of holidays may be devised as follows: In a bid to be engaged to the Spa, the management may extended benefits like free training to one family member, on condition that the trainee will be absorbed into the organization on the successful completion of the training program. The managers and his/her family members should be provided professional support for working through personal challenges, which can imbalance their working life, such as family problems, financial issues, legal issues and emotional problems.

Cash flow schedule Assignment Example | Topics and Well Written Essays - 1000 words

Cash flow schedule - Assignment Example A cash flow schedule or projection shows the timing of receipts and payments in relation to a business or a project. Table 2 provides a cash flow schedule showing the time when the payments will be made by the contractor for the goods and services described. Only the cash outflow section of the schedule is shown in Table2. It must be noted that the profit and contingency fund element of the cash flow has been included in the Table 2. Contingency funds are monies that are retained or set aside for uncertainties or any changes that may be required after the contract has been awarded (Touran 2003). These changes are essentially delays and other factors that lead to Time and cost overruns which increase the cost of the project (Cook et al 2008; Zayed et al 2013, Fandi and El-Sayegh 2006). Time overruns may be caused by a range of factors associated with various stakeholders in the project - the contractor, the owner, material supplier as well as acts of god (Zayed et al 2013). These can affect the owner’s income generating capacity as the starting date for a business may have to be pushed back to facilitate the completion of the project. It also affects the profitability of the contract and therefore the contractor’s bottom line. A contingency is also a guarantee of either an activity or a project. It is a percentage of the basic contract cost which has been arbitrarily determined (Cook et al 2008). Th e contingency amounts to approximately 11% of the contract cost and is considered fair for the 4 weeks overrun.