Task One.docx - Richard Shepard Business Ethics – C717 Task One A Corporate Policies 1 All bonuses from this point forward will be based on quarterly

Task One.docx - Richard Shepard Business Ethics – C717...

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Richard Shepard Business Ethics – C717 11/24/2019 Task One A. Corporate Policies: 1. All bonuses from this point forward will be based on quarterly profits. 2. Any employee working an average of 25 hours per week will be considered full time as it pertains to benefits. New employees will have a three-month probationary period before being considered full time. 3. Any employees who wish to volunteer in the community will be reimbursed with PTO equal to the time spent volunteering, up to 40 hours per quarter. 2% of quarterly profits will be distributed among members of management who participate in local leadership development programs. A 1. Explain: 1. The current policy of paying top executives’ bonuses regardless of the factories performance is not conducive to growth. In order for TechFite to grow it will have to succeed first. If we restructure the bonus system so that it is based on profits we will not be restricted when making decisions that could help the entire organization. This new
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system may mean bonuses are smaller in the short term, but if the organization succeeds then they could end up being greater than they originally started out at. 2. In order to fulfill its commitment to the town of Dellberg, and to uphold its value of empowering employees TechFite must do its part in providing employees with the benefits that they deserve. This doesn’t mean that they must provide benefits to everyone as that would not be fiscally responsible, but employees averaging 25 hours per week have met the requirements to be considered full time and receive benefits. 3. TechFite made a promise to the city of Dellberg that it would support the community, and as of yet that is not happening. This policy is the first step towards upholding that promise. While we cannot force employees to volunteer, we can reward those who do with extra PTO. This is an aggressive reward and should entice many employees to go out and volunteer in the community. Management may not be as enticed by PTO though,
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  • Fall '17
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