Q Case Expansion Analysis: You have been asked to be part of the strategic team looking at
Question:
Q Case Expansion Analysis: You have been asked to be part of the strategic team looking at the Managed by Q expansion into the Boston market. You are the Director of HR and have been asked to create an analysis of labor costs and the potential of supporting this new market. In particular, you have been asked to:
Compute the number of client hours needed to break even.
Design a recruitment strategy for these employees.
Given the current market, determine the projected time to fill the number of roles you have identified.
What type of total compensation program needs to be put into place to attract the employees needed while still making a profit.
You can use the assumptions listed in the case where they indicate the average charge per hour is $25. Then, looking at the assumption costs, how many hours does someone have to work to break even? Pull in the data you found earlier on the Boston market and additional, such as unemployment, to determine a recruitment strategy and timeline. And remember, this is a compensation & benefits class, so the strategy for recruitment should focus on, "Is Q offering the right wages and benefits to attract employees," rather than what questions to ask a candidate.
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac