Th problems are on the word doc.Write 2-4 sentences for each and include a paragraph explaining how you can apply what you’ve learned to your job.

Submit your answers on a Microsoft® Word document.

Queen City Treating is a metal treating company that hardens prefabricated metal products for automobile accessories, including seat belt buckles, wheel rims, radiator caps, and other items. The company is experiencing some serious cost problems. Foreign competition, which uses better technology and has different cost structures, is taking away some of Queen City’s customers by offering lower prices. As a result, Queen City is scrutinizing all of its costs. The CFO has concluded that one area that needs revamping is the high labor cost of the senior workers. The company is considering a voluntary buyout of these workers, in which they would be offered a financial incentive to leave the company before their normal retirement age. Company statistics indicate that 30 percent of the workforce has over 25 years of service and is earning the top rate of pay. The total wage difference among the highest and lowest paid production workers is about $8 per hour, and the company utilizes about two million labor production hours per year. Management believes that replacing these more senior and higher paid workers with persons at lower rates of pay would significantly improve the costs and productivity of the business.
a. From a labor economics standpoint, are older workers more expensive? What factors would you use to assess this issue?
b. If more senior employees leave the company, could there be a reduction in productivity? How would you calculate productivity? If there is a reduction, how long would it persist? What steps might be taken to mitigate this problem?
c. Are there viable alternatives to the voluntary buyout that would achieve the desired cost reduction? What is a range of possible solutions? How would you measure their effectiveness?
d. Describe in some detail the optimal plan design to encourage voluntary separation of the senior employees.
e. How would you determine the likelihood of your plan succeeding? How would you define success and how would you measure it?
f. What assessments would you make in choosing a method to reorganize and restaff the company after the reduction plan is implemented?
g. How would you financially evaluate and measure the effectiveness of your plan?

Wal-Mart has been expanding its construction of super centers, which include major food sections encompassing general grocery items, health and beauty aids, perishable produce, meat, seafood, frozen food, and deli items. The company is nonunion with labor costs at about 7.5 percent of sales versus its organized competitors’ 13 percent. This, in part, allows Wal-Mart to offer prices anywhere from 6 to 10 percent below its supermarket competitors. Price sensitivity in the business is important and an overall price difference above 2 percent will cause los




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