33. The author of Perks Companys business plan recommends that funds currently
spent on the employee benefits package be redirected to either upgrade plant machinery
or build an additional plant. The author reasons that offering employees a generous
package of benefits and incentives year after year is no longer cost-effective given
current high unemployment rates, and that Perks can attract and keep good employees
without such benefits and incentives. While this argument has some merit, its line of
reasoning requires close examination.
To begin with, the author relies on the reasoning that it is unnecessary to pay
relatively high wages during periods of high unemployment because the market will
supply many good employees at lower rates of pay. While this reasoning may be sound
in a general sense, the particular industry that Perks is involved in may not be
representative of unemployment levels generally. It is possible that relatively few
unemployed people have the type of qualifications that match job openings at Perks, if
this is the case, the claim that it is easier now to attract good employees at lower wages
is ill-founded.
Secondly, the argument relies on the assumption that the cost-effectiveness of a
wage policy is determined solely by whatever wages a market can currently bear. This
assumption overlooks the peripheral costs of reducing or eliminating benefits. For
example, employee morale is likely to decline if Perks eliminates benefits; as a result,
some employees could become less productive, and others might quit. Even if Perks can
readily replace those employees, training costs and lower productivity associated with
high turnover may outweigh any advantages of redirecting funds to plant construction.
Moreover, because the recommended reduction in benefits is intended to fund the
retrofitting of an entire plant or the building of a new one, the reduction would
presumably be a sizable one; consequently, the turnover costs associated with the
reduction might be very high indeed.
In conclusion, this argument is not convincing, since it unfairly assumes that a
broad employment statistic applies to one specific industry, and since it ignores the
disadvantages of implementing the plan. Accordingly, I would suspend judgment about
the recommendation until the author shows that unemployment in Parks industry is
high and until the author produces a thorough cost-benefit analysis of the proposed plan.
2017届北京市房山区高考英语完形填空基础训练(6)
2017届高考英语一轮单元综合测试:Unit 12《Culture《Shock》(北师大版必修4)
2017届高考英语一轮单元综合测试:Unit 9《Wheels》(北师大版必修3)
2017届北京市房山区高考英语完形填空基础训练(10)
2017届北京市房山区高考英语完形填空基础训练(12)
2017届北京市房山区高考英语完形填空基础训练(5)
2017届北京市房山区高考英语完形填空基础训练(13)
2017届湖北省高三英语一轮复习学案:Unit 4《Global warming》(人教版选修6)
2017届山西省阳城县高考英语阅读理解一轮优选训练(11)
2017届湖北省高三英语一轮复习学案:Unit 2《The United Kingdom》(人教版必修5)
2017届内蒙古包头市高考英语短文改错一轮优选训练(7)
2017届湖北省高三英语一轮复习学案:Unit 3《Life in the future》(人教版必修5)
2017届湖北省高三英语一轮复习学案:Unit 3《A healthy life》(人教版选修6)
2017届湖北省高三英语一轮复习学案:Unit 1《Art》(人教版选修6)
2017届湖北省高三英语一轮复习学案:Unit 4《Sharing》(人教版选修7)
2017届内蒙古包头市高考英语短文改错一轮优选训练(1)
2017届内蒙古包头市高考英语短文改错一轮优选训练(6)
2017届湖北省高三英语一轮复习学案:Unit 5《First aid》(人教版必修5)
2017届高考英语一轮单元综合测试:Unit 6《Design》(北师大版必修2)
2017届高考英语一轮单元综合测试:Unit 14《Careers》(北师大版必修5)
2017届北京市房山区高考英语完形填空基础训练(8)
2017届高考英语一轮单元综合测试:Unit 11《The《Media》(北师大版必修4)
2017届湖北省高三英语一轮复习学案:Unit 1《Great scientists》(人教版必修5)
2017届内蒙古包头市高考英语短文改错一轮优选训练(5)
2017届河北省辛集市高考英语信息匹配及任务型阅读训练(2)
2017届山西省阳城县高考英语阅读理解一轮优选训练(8)
2017届湖北省高三英语一轮复习学案:Unit 5《Theme parks》(人教版必修4)
2017届内蒙古包头市高考英语短文改错一轮优选训练(4)
2017届湖北省高三英语一轮复习学案:Unit 3《Under the sea》(人教版选修7)
2017届高考英语一轮单元综合测试:Unit 1《Lifestyles》(北师大版必修1)
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