Compose a bad news memo please: Bad News Memo-Fringe Benefits When your organization moved to its new building in Dallas three years ago, you negotiated a contract with Universal Self-Parking Garage a half-block away to provide free parking to all employees at Grade Level 121 or above. Your rationale was that these managerial employees often work long hours and that convenient, free parking was a justifiable fringe benefit. Universal has just notified you that when your contract expires in three months, the monthly fee will increase by 15 percent. Given the state of the economy and your organization's declining profits, you feel that not only can you not afford the 15 percent increase but you must, reluctantly, discontinue the free parking altogether. Therefore, beginning January 1, all employees must locate and pay for their own parking. Your organization continues to promote ride-sharing, and the receptionist has copies of the city bus schedule stops a block from your building.

Answer rating: 100% (QA)

Date June 10 2020 To All Managerial employees From ABC HR department Subject Discontinuation of free ... View the full answer