Project Proposal Assignment
Question
2 page proposal, AND a 1 page separate letter, memo or email, which will accompany your proposal and serve as both a "pitch" for the proposal and a cover document for it.
Your company has just learned it has lost the bid for a lucrative government contract to produce a hybrid automotive braking system. The management team has sent a memo to all employees indicating it will be facing some hard choices in the coming weeks to reduce costs, which could include layoffs. Departments have been asked to present ideas to cut the company’s operating expenses by 10-20%. Your solution is to reduce the length of the workweek rather than lay off workers. It will result in reduced pay for all employees thus meeting the need to reduce operating expenses.


Solution
Project
Proposal
Losing
the government contract has brought a huge impact on our organization
financially. That has also affected the kind of decisions the organization has
to make, rewarding the retention and layoff of the employees to help minimize
the organization’s operational cost. The major decision that the organization
had concerning the issues was to make some layoffs to manage the remaining
employees without strain. However, another solution is available where the
organization can minimize the weekly work time instead of making the playoffs.
It
has been evident from other organizations that have tried minimizing the weekly
work time for employees, and the method has been proven effective. However,
layoffs can reduce the workforce in unanticipated and undesirable ways. For
example, using data from HR Magazine’s November 2008 issue, employers that laid
off 0.5 percent of their workforce saw their turnover rate rise by 2.6
percentage points. In addition, researchers found that the more layoffs
occurred, the more people resigned.
Several
of the remaining staff members report a decrease in productivity and a rise in
stress levels at work. In addition, they believe their companies’ prospects
have deteriorated because of a drop in customer service, an increase in errors,
and a decrease in consumer satisfaction. See “Layoffs Pack Punch to ‘Surviving’
Employees for more on this.” Some of the procedures that can help actualize the
proposed solution of minimizing the weekly work hours include the fact that the
organization can adopt the strategies such as giving employees extended
vacations.
Let
people take time off. Unlike long vacations, managers urge staff to leave work,
decrease pay, get some training or learn a new language, and then return to
work at full payment with greater skills. It is to my understanding that
sabbaticals work best for experienced, high-achieving workers. In addition, he
said, “They come back better and more useful.”
Employees can be swapped or loaned out
to other businesses. For example, an official press release from The Beacon
Group states that P&G and Google recently traded more than 20 employees
each to learn about each other’s methods for attracting customers. It is also
possible for an employer to loan an employee to another company, which will take
on the employee’s income, according to Zickerman. “It’s important to be
explicit about what’s expected upfront. Things just got a whole lot trickier.”
Count
on the help of your peers when you need it most. Zickerman stated, “We are
living in unparalleled times.” “[The Alternative Board member companies] came
up with these concepts. Don’t make decisions on your own or go it alone. These
strategies have been used effectively by other business owners in the past.
There is no better way to build up your business than collaborating with other
entrepreneurs.
Employees
must be pushed to find ways to save money. Employees are always on the lookout
for methods to save money. For example, pay a $200 bonus to the employee who
came up with the saving idea for every $1,000 in savings. While not spending
the money could lead to more work or fewer incentives for staff, “the [people]
said to do away with it, not the senior management,” Zickerman stated. It doesn’t
feel like anything has been taken away when staff take responsibility for the
situation and identify cost-cutting measures. The person should be a
contributor rather than a victim of circumstance.
However, encouraging employee participation is as simple as allowing them to voice their opinions on the company’s direction and making it clear what is and isn’t fair game for debate. Survivors need to know why they’re still there, Jamrog advised, and prizes and recognition can assist. And through this, the organization will be able to achieve its financial operation cost target without having employees being laid off.
1233242 city x
USA
GS3 30A
25th April 2022
Mr. ABC
Managing Directors
Hybrid Breaking LTD
City
GS3 6 D
Dear Mr. ABC;
The main essence of writing this
letter is regarding the lost government contract that has affected The
categorizations income and the need to manage the operational cost within the
organization. There were proposals that there should be layoffs. Still, the
organization can take a different approach to the issue. Instead of the
releases, the organization could minimize the weekly working hours for the
employees, which could help minimize the operation cost of the organization
through the depreciation of the salary paid. The strategies to conduct that
activity are as follows.
The organization can actualize that by
reducing the workweek from the normal five days to a four-day workweek, which
will mean that the organization will have to pay the employees less than when
they used to work full time. The organization can also extend the time off that
the employees used to take, and instead of the normal two weeks of paid
vacations, they can take a five-week off with two weeks of the normally paid
vacation. That will motivate the employee and help the organization cut the
operation cost.
The organization can also offer
sabbaticals where, unlike protracted vacations, managers urge employees to step
away from the office, take a pay decrease, get some retraining or learn a new
language, and then return to work at full pay with greater skills. Again, I
believe that sabbaticals work best for experienced, high-achieving workers.
Additionally, after these sabbaticals, the employees return better and more
useful to the organization.
The organization can also swap the
employees and lead them to another company. This has happened with most of them
being companies such as Google, where the other employer takes on the salary of
the employee they are led. That means that the employee will still be working
and gaining more new experiences and skills.
I sincerely request that you get time
to go through the proposal, and I am looking forward to getting feedback from
you.
Best regards
Kiya




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