The Akron SHRM wage survey that was last conducted in 2003 needed to be updated. A committee was formed to update the survey with 48 jobs being selected and updated in 2005-2006. The committee worked to ensure the survey was more representative of companies in the chapter and complied with sample size requirements. The updated survey included a new data summary page, information on merit increases, and new pricing for participants and non-participants. Initial raw data was input manually by committee members and others helped with data summarization. The survey provided reported wage rates, wage ranges, and information on incentives for various exempt and non-exempt positions.
The document discusses activity-based costing (ABC) and its application to determine the profitability of various products, client profiles, and branches of a lending institution. ABC is used to allocate costs accurately to cost objects like products and client profiles based on their consumption of activities and resources. The document presents profitability analyses in terms of metrics like return on equity, cost-to-income ratio, and average contribution for different products and client profiles. Based on this analysis, several credit granting and business decisions are proposed, like discontinuing unprofitable products and profiles or changing approval rates to improve profits.
•This is a primary research conducted by a fictious private bank
•The main objective here is to understand the rural population who have taken loans of any form in the past few years
•The understanding would be in the form of understanding their profile, borrowing habits, interactions with bank or other financial institutions, satisfaction with the loan disbursement process and even a short psychographic profiling
•The findings would be used in developing new financial products or communications, specifically for the rural customers
Compensation Budgeting Part 2: Determining RaisesPayScale, Inc.
This document provides information on determining raises as part of a three-part compensation budgeting series. It discusses rewarding employees based on market, performance, tenure, or other factors. Methods for calculating raises include paying to market using tiered increases based on salary range penetration and performance matrices. The document provides templates for calculating market-based and performance-based raises. It stresses developing comprehensive budget recommendations by considering solutions to organizational, position, and individual pay inequities identified previously and factoring in the cost of annual pay increases.
This document provides an overview of key financial indicators and metrics that can be used to monitor the financial performance and stability of architecture and engineering (A&E) firms. It discusses metrics such as utilization rate, net effective labor multiplier, total payroll multiplier, overhead rate, and net revenue per employee. Benchmark goals are provided for each metric. Additionally, the document summarizes tax deductions and credits that may benefit A&E firms, such as the domestic production activities deduction, flow through business tax deduction, research and development tax credit, and energy efficient commercial buildings deduction.
This document analyzes various financial ratios for Lanka Ashok Leyland PLC from 2010 to 2014. It shows ratios related to liquidity, asset management, debt, profitability, shareholder return and valuation. The current ratio, quick assets ratio, debtors turnover, stock turnover, debt to equity ratio, gross profit margin, earnings per share and price earnings ratio are shown for Lanka Ashok Leyland PLC over this time period. Where possible, ratios for Lanka Ashok Leyland PLC are also shown against Diesel & Motor Engineering PLC for comparative purposes.
This document summarizes a presentation about determining employee raises as part of a three-part compensation budgeting series. It discusses factors to consider when determining what to base raises on such as market, performance, proficiency, or tenure. Methods for calculating raises are described including market-based tiered increases and using a performance-based merit matrix. The presentation recommends streamlining the raise determination process with a timeline and provides templates for calculating market-based and performance-based increases. It concludes by discussing how to develop overall budget recommendations by combining costs for range adjustments, market adjustments, equity adjustments, and general pay increases.
Webinar creating a_compensation_calendar_everyone_lovesPayScale, Inc.
Compensation is one of the many critical areas of responsibility for most HR teams, and having a well-planned compensation calendar is a key component to your talent strategy.
This webinar will guide you through a typical compensation calendar so you can determine:
The best time to create a comp calendar
How to improve upon your talent planning processes for the coming year
How to integrate your compensation calendar with other responsibilities such as recruitment and benefits
This webinar is approved for 1.0 HRCI re-certification credit.
Budgeting Part: Putting it All Together With PayScale Insight SlidesPayScale, Inc.
In the final installment of the Compensation Budgeting webinar series you will learn about the software and data you need to formalize your compensation strategy.
The document discusses activity-based costing (ABC) and its application to determine the profitability of various products, client profiles, and branches of a lending institution. ABC is used to allocate costs accurately to cost objects like products and client profiles based on their consumption of activities and resources. The document presents profitability analyses in terms of metrics like return on equity, cost-to-income ratio, and average contribution for different products and client profiles. Based on this analysis, several credit granting and business decisions are proposed, like discontinuing unprofitable products and profiles or changing approval rates to improve profits.
•This is a primary research conducted by a fictious private bank
•The main objective here is to understand the rural population who have taken loans of any form in the past few years
•The understanding would be in the form of understanding their profile, borrowing habits, interactions with bank or other financial institutions, satisfaction with the loan disbursement process and even a short psychographic profiling
•The findings would be used in developing new financial products or communications, specifically for the rural customers
Compensation Budgeting Part 2: Determining RaisesPayScale, Inc.
This document provides information on determining raises as part of a three-part compensation budgeting series. It discusses rewarding employees based on market, performance, tenure, or other factors. Methods for calculating raises include paying to market using tiered increases based on salary range penetration and performance matrices. The document provides templates for calculating market-based and performance-based raises. It stresses developing comprehensive budget recommendations by considering solutions to organizational, position, and individual pay inequities identified previously and factoring in the cost of annual pay increases.
This document provides an overview of key financial indicators and metrics that can be used to monitor the financial performance and stability of architecture and engineering (A&E) firms. It discusses metrics such as utilization rate, net effective labor multiplier, total payroll multiplier, overhead rate, and net revenue per employee. Benchmark goals are provided for each metric. Additionally, the document summarizes tax deductions and credits that may benefit A&E firms, such as the domestic production activities deduction, flow through business tax deduction, research and development tax credit, and energy efficient commercial buildings deduction.
This document analyzes various financial ratios for Lanka Ashok Leyland PLC from 2010 to 2014. It shows ratios related to liquidity, asset management, debt, profitability, shareholder return and valuation. The current ratio, quick assets ratio, debtors turnover, stock turnover, debt to equity ratio, gross profit margin, earnings per share and price earnings ratio are shown for Lanka Ashok Leyland PLC over this time period. Where possible, ratios for Lanka Ashok Leyland PLC are also shown against Diesel & Motor Engineering PLC for comparative purposes.
This document summarizes a presentation about determining employee raises as part of a three-part compensation budgeting series. It discusses factors to consider when determining what to base raises on such as market, performance, proficiency, or tenure. Methods for calculating raises are described including market-based tiered increases and using a performance-based merit matrix. The presentation recommends streamlining the raise determination process with a timeline and provides templates for calculating market-based and performance-based increases. It concludes by discussing how to develop overall budget recommendations by combining costs for range adjustments, market adjustments, equity adjustments, and general pay increases.
Webinar creating a_compensation_calendar_everyone_lovesPayScale, Inc.
Compensation is one of the many critical areas of responsibility for most HR teams, and having a well-planned compensation calendar is a key component to your talent strategy.
This webinar will guide you through a typical compensation calendar so you can determine:
The best time to create a comp calendar
How to improve upon your talent planning processes for the coming year
How to integrate your compensation calendar with other responsibilities such as recruitment and benefits
This webinar is approved for 1.0 HRCI re-certification credit.
Budgeting Part: Putting it All Together With PayScale Insight SlidesPayScale, Inc.
In the final installment of the Compensation Budgeting webinar series you will learn about the software and data you need to formalize your compensation strategy.
How gilt implemented a successful labor management system ops summit 2013Steve Johnson
This document summarizes how Gilt implemented a successful labor management system at its Louisville distribution center. It discusses the keys to a successful LMS including change management, selecting an LMS software, and providing daily and real-time feedback to associates. Gilt saw a 15% increase in productivity within 3 months of implementing the system, which included engineered standards, daily reports, and real-time feedback displayed on digital scoreboards. The full implementation schedule took place from March 2012 through summer 2013.
This document provides information about an accounting and financial services provider. It outlines their services which include management accounting, accounting systems support, and financial and business management support for small-to-medium businesses. It then details the provider's qualifications, background and experience, financial skills, software skills, industry skills, and recent client projects. Testimonials from past clients are also included which praise the provider's insights, recommendations, and ongoing support.
The document provides a pro-forma income statement and sensitivity analyses for a proposed delivery service business over 5 years. Key metrics like revenue, costs, margins, and their sensitivities to input variables are projected. The tornado diagram shows that revenue in year 5 is most sensitive to changes in $/transaction, number of transactions/year, and number of customers in service areas. Operating margin per order is most sensitive to $/transaction, cost of goods sold percentage, and delivery cost per order.
Budget proposal - create good looking budgetsManan Younas
The document provides information about You Exec business resources that can help users advance their careers, including presentations, spreadsheet models, and book summaries, with a disclaimer about errors and omissions. It also promotes You Exec Plus membership which provides weekly premium business resources and access to over hundreds of other resources. Users are invited to provide feedback or report errors.
Investment In Business Assets PowerPoint Presentation SlidesSlideTeam
The document discusses investment in business assets and capital budgeting. It includes tables analyzing the composition of assets and liabilities, fixed capital, current cost analysis of fixed assets, ratio analysis, cash flow, four stages of return on investment models, ROI calculations, payback period analysis, and NPV analysis. The document provides financial information and performance metrics for evaluating different investment projects and assets.
This document provides an introduction and agenda for a presentation on financial modeling. It discusses why financial models are used, who uses them, and what they can tell users. The agenda includes sections on model design and etiquette, key financial terms and ratios, an introduction to a case study, and building a basic financial model. It provides guidance on how to design models for accuracy, flexibility and usability. It also outlines important elements of model etiquette like clearly labeling inputs, formulas and outputs.
Presenting this set of slides with name - Fixed Investment Analysis Powerpoint Presentation Slides. We bring to you to the point topic specific slides with apt research and understanding. Putting forth our PPT deck comprises of thirtynine slides. Our tailor made Fixed Investment Analysis Powerpoint Presentation Slides editable presentation deck assists planners to segment and expound the topic with brevity. The advantageous slides on Fixed Investment Analysis Powerpoint Presentation Slides is braced with multiple charts and graphs, overviews, analysis templates agenda slides etc. to help boost important aspects of your presentation. Highlight all sorts of related usable templates for important considerations. Our deck finds applicability amongst all kinds of professionals, managers, individuals, temporary permanent teams involved in any company organization from any field.
Working Capital Modeling PowerPoint Presentation Slides SlideTeam
This document provides an overview of working capital modeling. It includes definitions of different types of working capital, components of working capital, the importance of managing working capital, elements that make up working capital calculations, sources of working capital, the working capital cycle, optimization of working capital, and steps for computing working capital. Tables are also included showing examples of yearly and monthly working capital calculations.
Board Preview: What's Next for Director CompensationPearl Meyer
This document summarizes a webinar on trends in director compensation. The presenters discussed how director compensation increased modestly between 1-5% from 2013 to 2014 across different company sizes. They noted that equity compensation now accounts for the largest portion of director pay, with full-value stock preferred over stock options. Ownership guidelines requiring directors to hold a multiple of their annual cash retainer are also becoming more common. The webinar covered various compensation elements for directors and trends towards simplifying pay structures.
Purpose of Assignment This assignment is designed to help studen.docxmakdul
Purpose of Assignment
This assignment is designed to help students analyze and interpret primary and/or secondary data and research. First, students will be provided with a marketing report that allows for preparing basic executive level data insights. Second, they will be allowed to pick a company and product or service. This assignment will help prepare students for the development of their marketing plan. Students will be creating a marketing plan (refer to Marketing Plan and Outline document) so they may want to choose a company and product or service that has data readily available or where they can use demographic/psychographic data to provide insights.
Assignment Steps
Part 1:
Analyze the Week 1 Business Growth Overview dataset. This is a marketing report generated by an analyst for the Senior Vice President (SVP) of Marketing at a large corporation. The analyst is new and has provided summary data but no insights or commentary for the SVP.
Construct a minimum 525-word memorandum for the SVP providing insights and commentary. The memorandum should include your analysis of the following:
· Major areas of increase and decrease in revenue or type and/or category of business
· Trends that are evident in terms of revenue or type and/or category of business
· Insights that would help formulate marketing strategies to either continue growth or reverse decline
· Additional analysis you (if you were SVP) would like to build a marketing goal and strategy or strategies (and why)
Part 2:
Select a global or multi-regional (does business in more than one country) company and one of its products or services that will serve as the basis for your marketing plan. You should obtain two years of annual reports as well as two years of 10K reports (provides a comprehensive overview of the company's business and financial condition and includes audited financial statements) for your data source. Once you have selected your product or service, you must define the size and type of your selected company that provides the product or service (available from annual reports). This need not be elaborate but must include total number of employees, production volume, distribution methods, and so forth. Record this information in a summary document as outlined below.
Company and product selection is a critical part of this project. You must ensure your proposed company can implement the marketing methods discussed in Marketing Management.
Prepare a minimum 175-word summary document and send it to your instructor as a record of your selection. The summary document should include the following:
· Name of Company
· Location of Company Headquarters
· Name of Product or Service selected
· General description of company (number of employees, revenue, type of ownership, web page, etc.)
· General description of product or service
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
DataYTD (Jan-June 2016 vs. ...
- F.E. DiBacco, Inc. was founded 35 years ago by Francis E. DiBacco to help organizations interpret and reduce bank service fees through specialized fee analysis.
- Bank fees are primarily set based on what the market will bear and have been trending higher in recent years as bank earnings have shifted from interest income to fees.
- DiBacco offers a proprietary five-step fee review process using patented software to analyze all bank fees, identify opportunities for savings, and ensure clients save more than the contingency fees DiBacco receives.
- Through its independent, specialized analysis of over 6,000 bank fee schedules, DiBacco has helped clients collectively save over $100 million with
The monthly report submitted by the CFO to the VC contains important financial and cost data that allows the VC to monitor spending trends, analyze costs, and find ways to reduce expenditures. While the VC may not have an accounting background, understanding basic financial concepts would help him better manage the university. It is the CFO's responsibility to clearly present the monthly financial statements and educate the VC on finance and accounting topics so important decisions can be made.
The Finance Perspective: The Business Model for the Subscription EconomyZuora, Inc.
Learn best practices for subscription financial management, with a focus on the ‘Three Metrics That Matter’, the new income statement for the Subscription Economy and how to apply it to your business. Learn best practices for subscription financial management, with a focus on the ‘Three Metrics That Matter’, the new income statement for the Subscription Economy and how to apply it to your business.
The document discusses using Lean Six Sigma to improve key performance indicators for supply chain management. The project aims to increase on-time shipments from 55% to 92%, inventory turnover from 7 to 16, inventory accuracy from 78% to 95%, and reduce operational hours per unit from 11.4 to 4 hours. Current performance is analyzed and causes of delays are identified. Various Lean Six Sigma tools are used to address issues, including 5S, value stream mapping, and cause-and-effect diagrams. Implementation of the project leads to reduced costs, improved productivity, higher inventory turns, and better customer satisfaction.
A Guide to Trading System Analysis : แนะนำแนวทางการอ่านผล Backtest เพื่อวิเคร...siamquant
This document provides an overview of analyzing trading system backtesting reports using Amibroker. It discusses the importance of reading backtesting reports as a "financial statement for quants". It outlines key characteristics of good measurement in reports, including being meaningful, simple, comparative, standard, and behavior changing. The document then demonstrates analyzing a sample P/E band contrarian strategy report in Amibroker, covering portfolio equity, trades, profit/loss, drawdowns, and other metrics. It notes that standard Amibroker reports can lack insights and recommends using additional analytics and charts in SiamQuant to gain more wisdom from backtesting results.
A Recipe for Financial Success - 3 Steps to Increase Hospitality Sector ProfitsNeil Dockar
Alan Kay our FD4 Hospitality sector expert (and ex CFO of the Fat Duck) recently shared his considerable knowledge and expertise at a seminar at the Casual Dining exhibition,
In his presentation called:
“A Recipe for Financial Success”
He gave various tips and guides on improving profitability and performance in hotels / restaurants. In fact Alan promises to save any Hotel / Restaurant 3% on their Gross Margin (which on £1m turnover is £30k!).
Please just contact me / FD4 and start making your savings.
The document discusses income statements and profit and loss statements. It explains that an income statement summarizes all revenue and expenses over a period of time to determine profit or loss. It breaks down the components of an income statement, including practice revenue, cost of goods sold, gross profit/margin, operating expenses, and net margin. The document also discusses using ratios calculated from income statements, like gross profit margin and net margin, to evaluate the financial performance and efficiency of an optometry practice.
Understanding The Impact of Sales to Cash Flow & Capital Planning in Micro, S...Nino Mayvi Dian
Sales planning in SME is crucial for determining cash flow & planning. Why? Because sales planning will reveal how much capital will be needed to fulfil the sales revenues.
The document discusses using metrics and analytics to improve physician practice management at ENT and Allergy Associates. It provides examples of key metrics tracked such as cash collections, charges entered, days in accounts receivable. Metrics are reviewed daily, monthly, and quarterly and shared with staff. The practice uses analytics to evaluate processes, set benchmarks and goals. Physician productivity reports aggregate data on procedures, office visits, audio collections and compare individuals to practice averages. Benchmarking and peer grouping allows practices to track growth and identify opportunities.
1. The document discusses how to lay the foundation for a smooth robotic process automation (RPA) implementation through various steps such as performing an organizational assessment, defining a target operating model, mapping stakeholders, assessing the automation portfolio, and building, delivering, and supporting RPA processes.
2. It emphasizes the importance of understanding what RPA can and cannot do, selecting the right tools, integrating with the enterprise, and allowing time for adoption. RPA requires a change in mindset and redeploying staff from routine tasks to more value-added activities.
3. The recipe for a smooth RPA implementation includes embedding and scaling the automation by creating a reference architecture, capturing the business case and benefits plan, and
How gilt implemented a successful labor management system ops summit 2013Steve Johnson
This document summarizes how Gilt implemented a successful labor management system at its Louisville distribution center. It discusses the keys to a successful LMS including change management, selecting an LMS software, and providing daily and real-time feedback to associates. Gilt saw a 15% increase in productivity within 3 months of implementing the system, which included engineered standards, daily reports, and real-time feedback displayed on digital scoreboards. The full implementation schedule took place from March 2012 through summer 2013.
This document provides information about an accounting and financial services provider. It outlines their services which include management accounting, accounting systems support, and financial and business management support for small-to-medium businesses. It then details the provider's qualifications, background and experience, financial skills, software skills, industry skills, and recent client projects. Testimonials from past clients are also included which praise the provider's insights, recommendations, and ongoing support.
The document provides a pro-forma income statement and sensitivity analyses for a proposed delivery service business over 5 years. Key metrics like revenue, costs, margins, and their sensitivities to input variables are projected. The tornado diagram shows that revenue in year 5 is most sensitive to changes in $/transaction, number of transactions/year, and number of customers in service areas. Operating margin per order is most sensitive to $/transaction, cost of goods sold percentage, and delivery cost per order.
Budget proposal - create good looking budgetsManan Younas
The document provides information about You Exec business resources that can help users advance their careers, including presentations, spreadsheet models, and book summaries, with a disclaimer about errors and omissions. It also promotes You Exec Plus membership which provides weekly premium business resources and access to over hundreds of other resources. Users are invited to provide feedback or report errors.
Investment In Business Assets PowerPoint Presentation SlidesSlideTeam
The document discusses investment in business assets and capital budgeting. It includes tables analyzing the composition of assets and liabilities, fixed capital, current cost analysis of fixed assets, ratio analysis, cash flow, four stages of return on investment models, ROI calculations, payback period analysis, and NPV analysis. The document provides financial information and performance metrics for evaluating different investment projects and assets.
This document provides an introduction and agenda for a presentation on financial modeling. It discusses why financial models are used, who uses them, and what they can tell users. The agenda includes sections on model design and etiquette, key financial terms and ratios, an introduction to a case study, and building a basic financial model. It provides guidance on how to design models for accuracy, flexibility and usability. It also outlines important elements of model etiquette like clearly labeling inputs, formulas and outputs.
Presenting this set of slides with name - Fixed Investment Analysis Powerpoint Presentation Slides. We bring to you to the point topic specific slides with apt research and understanding. Putting forth our PPT deck comprises of thirtynine slides. Our tailor made Fixed Investment Analysis Powerpoint Presentation Slides editable presentation deck assists planners to segment and expound the topic with brevity. The advantageous slides on Fixed Investment Analysis Powerpoint Presentation Slides is braced with multiple charts and graphs, overviews, analysis templates agenda slides etc. to help boost important aspects of your presentation. Highlight all sorts of related usable templates for important considerations. Our deck finds applicability amongst all kinds of professionals, managers, individuals, temporary permanent teams involved in any company organization from any field.
Working Capital Modeling PowerPoint Presentation Slides SlideTeam
This document provides an overview of working capital modeling. It includes definitions of different types of working capital, components of working capital, the importance of managing working capital, elements that make up working capital calculations, sources of working capital, the working capital cycle, optimization of working capital, and steps for computing working capital. Tables are also included showing examples of yearly and monthly working capital calculations.
Board Preview: What's Next for Director CompensationPearl Meyer
This document summarizes a webinar on trends in director compensation. The presenters discussed how director compensation increased modestly between 1-5% from 2013 to 2014 across different company sizes. They noted that equity compensation now accounts for the largest portion of director pay, with full-value stock preferred over stock options. Ownership guidelines requiring directors to hold a multiple of their annual cash retainer are also becoming more common. The webinar covered various compensation elements for directors and trends towards simplifying pay structures.
Purpose of Assignment This assignment is designed to help studen.docxmakdul
Purpose of Assignment
This assignment is designed to help students analyze and interpret primary and/or secondary data and research. First, students will be provided with a marketing report that allows for preparing basic executive level data insights. Second, they will be allowed to pick a company and product or service. This assignment will help prepare students for the development of their marketing plan. Students will be creating a marketing plan (refer to Marketing Plan and Outline document) so they may want to choose a company and product or service that has data readily available or where they can use demographic/psychographic data to provide insights.
Assignment Steps
Part 1:
Analyze the Week 1 Business Growth Overview dataset. This is a marketing report generated by an analyst for the Senior Vice President (SVP) of Marketing at a large corporation. The analyst is new and has provided summary data but no insights or commentary for the SVP.
Construct a minimum 525-word memorandum for the SVP providing insights and commentary. The memorandum should include your analysis of the following:
· Major areas of increase and decrease in revenue or type and/or category of business
· Trends that are evident in terms of revenue or type and/or category of business
· Insights that would help formulate marketing strategies to either continue growth or reverse decline
· Additional analysis you (if you were SVP) would like to build a marketing goal and strategy or strategies (and why)
Part 2:
Select a global or multi-regional (does business in more than one country) company and one of its products or services that will serve as the basis for your marketing plan. You should obtain two years of annual reports as well as two years of 10K reports (provides a comprehensive overview of the company's business and financial condition and includes audited financial statements) for your data source. Once you have selected your product or service, you must define the size and type of your selected company that provides the product or service (available from annual reports). This need not be elaborate but must include total number of employees, production volume, distribution methods, and so forth. Record this information in a summary document as outlined below.
Company and product selection is a critical part of this project. You must ensure your proposed company can implement the marketing methods discussed in Marketing Management.
Prepare a minimum 175-word summary document and send it to your instructor as a record of your selection. The summary document should include the following:
· Name of Company
· Location of Company Headquarters
· Name of Product or Service selected
· General description of company (number of employees, revenue, type of ownership, web page, etc.)
· General description of product or service
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
DataYTD (Jan-June 2016 vs. ...
- F.E. DiBacco, Inc. was founded 35 years ago by Francis E. DiBacco to help organizations interpret and reduce bank service fees through specialized fee analysis.
- Bank fees are primarily set based on what the market will bear and have been trending higher in recent years as bank earnings have shifted from interest income to fees.
- DiBacco offers a proprietary five-step fee review process using patented software to analyze all bank fees, identify opportunities for savings, and ensure clients save more than the contingency fees DiBacco receives.
- Through its independent, specialized analysis of over 6,000 bank fee schedules, DiBacco has helped clients collectively save over $100 million with
The monthly report submitted by the CFO to the VC contains important financial and cost data that allows the VC to monitor spending trends, analyze costs, and find ways to reduce expenditures. While the VC may not have an accounting background, understanding basic financial concepts would help him better manage the university. It is the CFO's responsibility to clearly present the monthly financial statements and educate the VC on finance and accounting topics so important decisions can be made.
The Finance Perspective: The Business Model for the Subscription EconomyZuora, Inc.
Learn best practices for subscription financial management, with a focus on the ‘Three Metrics That Matter’, the new income statement for the Subscription Economy and how to apply it to your business. Learn best practices for subscription financial management, with a focus on the ‘Three Metrics That Matter’, the new income statement for the Subscription Economy and how to apply it to your business.
The document discusses using Lean Six Sigma to improve key performance indicators for supply chain management. The project aims to increase on-time shipments from 55% to 92%, inventory turnover from 7 to 16, inventory accuracy from 78% to 95%, and reduce operational hours per unit from 11.4 to 4 hours. Current performance is analyzed and causes of delays are identified. Various Lean Six Sigma tools are used to address issues, including 5S, value stream mapping, and cause-and-effect diagrams. Implementation of the project leads to reduced costs, improved productivity, higher inventory turns, and better customer satisfaction.
A Guide to Trading System Analysis : แนะนำแนวทางการอ่านผล Backtest เพื่อวิเคร...siamquant
This document provides an overview of analyzing trading system backtesting reports using Amibroker. It discusses the importance of reading backtesting reports as a "financial statement for quants". It outlines key characteristics of good measurement in reports, including being meaningful, simple, comparative, standard, and behavior changing. The document then demonstrates analyzing a sample P/E band contrarian strategy report in Amibroker, covering portfolio equity, trades, profit/loss, drawdowns, and other metrics. It notes that standard Amibroker reports can lack insights and recommends using additional analytics and charts in SiamQuant to gain more wisdom from backtesting results.
A Recipe for Financial Success - 3 Steps to Increase Hospitality Sector ProfitsNeil Dockar
Alan Kay our FD4 Hospitality sector expert (and ex CFO of the Fat Duck) recently shared his considerable knowledge and expertise at a seminar at the Casual Dining exhibition,
In his presentation called:
“A Recipe for Financial Success”
He gave various tips and guides on improving profitability and performance in hotels / restaurants. In fact Alan promises to save any Hotel / Restaurant 3% on their Gross Margin (which on £1m turnover is £30k!).
Please just contact me / FD4 and start making your savings.
The document discusses income statements and profit and loss statements. It explains that an income statement summarizes all revenue and expenses over a period of time to determine profit or loss. It breaks down the components of an income statement, including practice revenue, cost of goods sold, gross profit/margin, operating expenses, and net margin. The document also discusses using ratios calculated from income statements, like gross profit margin and net margin, to evaluate the financial performance and efficiency of an optometry practice.
Understanding The Impact of Sales to Cash Flow & Capital Planning in Micro, S...Nino Mayvi Dian
Sales planning in SME is crucial for determining cash flow & planning. Why? Because sales planning will reveal how much capital will be needed to fulfil the sales revenues.
The document discusses using metrics and analytics to improve physician practice management at ENT and Allergy Associates. It provides examples of key metrics tracked such as cash collections, charges entered, days in accounts receivable. Metrics are reviewed daily, monthly, and quarterly and shared with staff. The practice uses analytics to evaluate processes, set benchmarks and goals. Physician productivity reports aggregate data on procedures, office visits, audio collections and compare individuals to practice averages. Benchmarking and peer grouping allows practices to track growth and identify opportunities.
1. The document discusses how to lay the foundation for a smooth robotic process automation (RPA) implementation through various steps such as performing an organizational assessment, defining a target operating model, mapping stakeholders, assessing the automation portfolio, and building, delivering, and supporting RPA processes.
2. It emphasizes the importance of understanding what RPA can and cannot do, selecting the right tools, integrating with the enterprise, and allowing time for adoption. RPA requires a change in mindset and redeploying staff from routine tasks to more value-added activities.
3. The recipe for a smooth RPA implementation includes embedding and scaling the automation by creating a reference architecture, capturing the business case and benefits plan, and
1. Situation #1
• Akron SHRM wage survey last done 2003
• Need to resurrect
• Committee formed
– 8 Members at peak
– All played role in data summation
• Jobs surveyed needed updating
– 48 selected and updated in 2005 and 2006
– More representative of Chapter companies
– Compliance with sample size reqs
• New look, new data summary
– Data summary page
– Merit increase information included
– New pricing for participants and non-participants
2. Initial raw data input
Keyed in manually by Committee Member, others did data summary
Status Union Staff Size Average Minimum Maximum Incentive
Exempt Union 1 45,100.00$ 43,400.00$ 65,000.00$ 45,100.00$ 3.50%
Exempt Union 1 51,513.00$ 35,040.00$ 54,720.00$ 51,513.00$
Exempt Non-union 5.6 47,112.00$ 39,104.00$ 49,920.00$ 263,827.20$
Exempt Non-union 3 48,963.20$ 38,708.80$ 48,963.20$ 146,889.60$
Exempt Non-union 1 53,000.00$ 40,000.00$ 64,000.00$ 53,000.00$
Exempt Non-union 4 41,200.00$ 34,100.00$ 56,400.00$ 164,800.00$ 10.00%
Exempt Non-union 24 46,000.00$ 38,000.00$ 56,000.00$ 1,104,000.00$ 2.00%
Exempt Non-union 1 45,600.00$ 38,295.00$ 53,649.00$ 45,600.00$
Exempt Non-union 16 44,000.00$ 38,000.00$ 65,000.00$ 704,000.00$
Exempt Non-union 3 36,819.00$ 32,625.00$ 65,000.00$ 110,457.00$
Exempt Non-union 2 46,500.00$ 38,800.00$ 64,800.00$ 93,000.00$ 6.00%
Exempt Non-union 1 45,000.00$ 45,000.00$ 5.00%
Exempt Non-union 6 39,300.00$ 34,650.00$ 57,790.00$ 235,800.00$ 4.00%
Exempt Non-union 9 40,800.00$ 36,129.00$ 63,876.00$ 367,200.00$
Exempt Non-union 1 43,000.00$ 43,000.00$ 3,473,186.80$
# of Orgs
Reporting # FTEs Weighted Ave Average 25th Percentile Median 75th Percentile # of Orgs Ave Minimum Ave Midpoint Ave Maximum
% of Orgs
Paying % of Salary
Non-Exempt 0 0
Exempt 15 78.6 44,188$ 44,927$ 42,100$ 45,100$ 46,806$ 13 37,450$ 48,153$ 58,855$ 40% 5.1%
Overall 15 78.6 44,188$ 44,927$ 42,100$ 45,100$ 46,806$ 13 37,450$ 48,153$ 58,855$ 40% 5.1%
FINANCIAL
This is a staff position that performs the full range of duties in an Accounting function. Applies accounting principles to assist in design, installation and maintenance of general accounting systems to provide records of assets, liabilities, and financial
transactions. Reconciles and adjusts various general ledger accounts and/or bank statements. Compiles, consolidates, and analyzes accounting and finance information for the production of financial statements and reports. May function in any of the
various Accounting functions such as Cost or Operations Accounting, Tax or Auditing.
Accountant
INCENTIVESREPORTED WAGE RATES WAGE RANGE
3. Pre-publish audit format
48 jobs published with adequate sample size –
Members doing data summary swapped to do audits
# of Orgs
Reporting # FTEs Weighted Ave Average 25th Percentile Median 75th Percentile # of Orgs Ave Minimum Ave Midpoint Ave Maximum
% of Orgs
Paying % of Salary
Non-Exempt 0 0
Exempt 15 78.6 44,188$ 44,927$ 42,100$ 45,100$ 46,806$ 13 37,450$ 48,153$ 58,855$ 40% 5.1%
Overall 15 78.6 44,188$ 44,927$ 42,100$ 45,100$ 46,806$ 13 37,450$ 48,153$ 58,855$ 40% 5.1%
# of Orgs
Reporting # FTEs Weighted Ave Average 25th Percentile Median 75th Percentile # of Orgs Ave Minimum Ave Midpoint Ave Maximum
% of Orgs
Paying % of Salary
Non-Exempt 6 20.5 28,622$ 30,279$ 27,632$ 28,381$ 31,858$ 4 25,592$ 32,046$ 38,500$
Exempt 5 11 29,351$ 29,172$ 26,000$ 28,000$ 33,000$ 4 24,443$ 29,714$ 34,986$
Overall 11 31.5 28,877$ 29,776$ 26,855$ 28,329$ 33,000$ 8 25,017$ 30,880$ 36,743$ 36% 5.4%
Status Union Staff Size Average Minimum Maximum Incentive
# of Orgs
Reporting # FTEs Weighted Ave Average 25th Percentile Median 75th Percentile # of Orgs Ave Minimum Ave Midpoint Ave Maximum
% of Orgs
Paying % of Salary
Non-Exempt 7 14 81,556$ 70,112$ 59,741$ 75,000$ 78,150$ 6 65,520$ 78,256$ 90,992$ 57% 12.1%
Exempt 9 21 81,537$ 70,416$ 57,000$ 69,327$ 90,000$ 9 54,031$ 63,171$ 72,311$
Overall 16 35 81,545$ 68,283$ 56,913$ 70,897$ 82,500$ 9 58,134$ 68,558$ 78,983$ 38% 10.4%
# of Orgs
Reporting # FTEs Weighted Ave Average 25th Percentile Median 75th Percentile # of Orgs Ave Minimum Ave Midpoint Ave Maximum
% of Orgs
Paying % of Salary
Non-Exempt 16 63.4 29,079$ 29,931$ 26,700$ 29,141$ 33,863$ 12 26,238$ 31,464$ 36,690$ 31% 5.5%
Exempt Insufficient Data
Overall 17 65.4 29,087$ 29,896$ 27,000$ 29,338$ 33,592$ 13 26,260$ 31,464$ 36,668$ 29% 5.5%
WAGE RANGE INCENTIVES
INCENTIVES
INCENTIVES
Manages professional level accounting operations and oversees those who estimate expected expenditures and submits to management. Analyzes records of present and past operations, trends and costs, estimated and realized revenues,
administrative commitments, and obligations incurred. Certifies accuracy of operating and financial reports. Develops, installs, and maintains budgeting systems which provide control of expenditures made to carry out activities. Advises upper
management regarding matters such as effective use of resources and methods for preventing capital being frozen.
Accounting Manager
Compiles and prepares customer charges, using purchase orders, shipping manifests, sales tickets, charge slips, etc. Calculates and prepares invoices and bills. Verifies and issues credit memos for returned goods. Posts transactions to accounting
records.
Billing/Accounts Payable Clerk
REPORTED WAGE RATES WAGE RANGE
REPORTED WAGE RATES WAGE RANGE
REPORTED WAGE RATES
FINANCIAL
This is a staff position that performs the full range of duties in an Accounting function. Applies accounting principles to assist in design, installation and maintenance of general accounting systems to provide records of assets, liabilities, and financial
transactions. Reconciles and adjusts various general ledger accounts and/or bank statements. Compiles, consolidates, and analyzes accounting and finance information for the production of financial statements and reports. May function in any of the
various Accounting functions such as Cost or Operations Accounting, Tax or Auditing.
In accordance with standard procedures, performs the full range of basic bookkeeping and clerical accounting duties, electronically or manually, such as reconciling words and numbers, making journal entries, balancing ledgers, tracing account
transactions, making basic mathematical and percentage calculations, and preparing monthly statements.
Accounting Clerk
Accountant
INCENTIVESREPORTED WAGE RATES WAGE RANGE
4. Sample?
• 2006 Paper copy of Akron SHRM Area
wage survey brought along for viewing
• Also have 2005 version on memory stick
• Pricing was initially $40 for participants,
$80 for non-
5. Situation #2
• Hourly pay ranges available in 2008
– 1 size fits all
– Midpoint calcs off
– Need to be refreshed/checked
• What about geographical differences?
– 152 locations
– Over 20 states
– 5 jobs
6. Build initial structure
Position
NDX Prop
Grade
Min Sal Min Hrly Mid Sal Mid Hrly Max Sal Max Hrly
Spread Midpoint Chg Bonus
Warehouse Employee L1 20,800 10.00 25,270 11.90 29,740 14.30 42.98% Branch plan
Truck Driver L2 22,040 10.60 26,930 12.95 31,820 15.30 44.37% 6.6% Branch plan
Customer Service Rep L3 23,600 11.35 29,110 14.00 34,620 16.64 46.69% 8.1% Branch plan
Truck Driver CDL L4 24,960 12.00 31,200 15.00 37,440 18.00 50.00% 7.2% Branch plan
Warehouse Leader L5 27,560 13.25 33,800 16.25 40,040 19.25 45.28% 8.3% Branch plan
Warehouse Employee M1 21,320 10.25 26,360 12.67 31,400 15.10 47.28% Branch plan
Truck Driver M2 24,000 11.54 29,470 14.17 34,940 16.80 45.58% 11.8% Branch plan
Customer Service Rep M3 26,000 12.50 32,000 15.38 38,000 18.27 46.15% 8.6% Branch plan
Truck Driver CDL M4 27,970 13.45 34,470 16.57 40,970 19.70 46.48% 7.7% Branch plan
Warehouse Leader M5 30,050 14.45 37,540 18.05 45,030 21.65 49.85% 8.9% Branch plan
Warehouse Employee H1 23,500 11.30 28,500 13.70 33,500 16.11 42.55% Branch plan
Truck Driver H2 25,800 12.40 31,880 15.33 37,960 18.25 47.13% 11.9% Branch plan
Customer Service Rep H3 28,000 13.46 34,435 16.56 40,870 19.65 45.96% 8.0% Branch plan
Truck Driver CDL H4 31,200 15.00 38,375 18.45 45,550 21.90 45.99% 11.4% Branch plan
Warehouse Leader H5 32,960 15.85 40,865 19.65 48,770 23.45 47.97% 6.5% Branch plan
7. Geographical groupings
NDX Position
NDX Prop
Grade Min Sal Hrly Mid Sal Hrly Max Sal Hrly Spread Midpoint Chg Bonus
Warehouse Employee L1 20,800 10.00 25,270 12.15 29,740 14.30 42.98% Branch plan
Truck Driver L2 22,040 10.60 26,930 12.95 31,820 15.30 44.37% 6.6% Branch plan
Customer Service Rep L3 23,600 11.35 29,110 14.00 34,620 16.64 46.69% 8.1% Branch plan
Truck Driver CDL L4 24,960 12.00 31,200 15.00 37,440 18.00 50.00% 7.2% Branch plan
Warehouse Leader L5 27,560 13.25 33,800 16.25 40,040 19.25 45.28% 8.3% Branch plan
NDX Position
NDX Prop
Grade Min Sal Hrly Mid Sal Hrly Max Sal Hrly Spread Midpoint Chg Bonus
Warehouse Employee M1 21,320 10.25 26,360 12.67 31,400 15.10 47.28% Branch plan
Truck Driver M2 24,000 11.54 29,470 14.17 34,940 16.80 45.58% 11.8% Branch plan
Customer Service Rep M3 26,000 12.50 32,000 15.38 38,000 18.27 46.15% 8.6% Branch plan
Truck Driver CDL M4 27,970 13.45 34,470 16.57 40,970 19.70 46.48% 7.7% Branch plan
Warehouse Leader M5 30,050 14.45 37,540 18.05 45,030 21.65 49.85% 8.9% Branch plan
NDX Position
NDX Prop
Grade Min Sal Hrly Mid Sal Hrly Max Sal Hrly Spread Midpoint Chg Bonus
Warehouse Employee H1 23,500 11.30 28,500 13.70 33,500 16.11 42.55% Branch plan
Truck Driver H2 25,800 12.40 31,880 15.33 37,960 18.25 47.13% 11.9% Branch plan
Customer Service Rep H3 28,000 13.46 34,435 16.56 40,870 19.65 45.96% 8.0% Branch plan
Truck Driver CDL H4 31,200 15.00 38,375 18.45 45,550 21.90 45.99% 11.4% Branch plan
Warehouse Leader H5 32,960 15.85 40,865 19.65 48,770 23.45 47.97% 6.5% Branch plan
High COL Salary Range
Low COL Salary Range
Medium COL Salary Range
8. Involve HRL’s – what COL to use?
Southeast Pacific SW Low Ohio Valley S. Central Med
015 Low 002 Low 004 Med 051 Med
075 Low 092 Low 008 Med 069 Med
117 Low 093 Low 031 Med 114 Med
126 Low 097 Low 033 Med 115 Med
128 Low 112 Low 055 Med 651 Med
609 Low Northeast 058 Med Pacific SW Med
620 Low 123 Low 061 Med 021 Med
South 010 Med 065 Med 074 Med
067 Low 014 Med 098 Med 088 Med
106 Low 044 Med 623 Med 096 Med
602 Low 082 Med N/ A Med Northeast
614 Low 083 Med Grt Plains 009 High
Ohio Valley 087 Med 011 Med 012 High
018 Low 095 Med 017 Med 111 High
045 Low 145 Med 025 Med 636 High
079 Low 679 Med 046 Med South High
084 Low Southeast 072 Med 605 High
Grt Plains 042 Med 085 Med Southeast High
036 Low 070 Med 120 Med 610 High
054 Low 071 Med Midw est Med Ohio Valley High
143 Low 080 Med 032 Med 625 High
150 Low 081 Med 038 Med 068 High
Midw est Low 611 Med 048 Med 151 High
648 Low South 057 Med 647 High
S Cent ral Low 030 Med 060 Med Midwest High
049 Low 052 Med 073 Med 125 High
066 Low 091 Med 086 Med 616 High
105 Low 607 Med 094 Med 646 High
134 Low 660 Med 118 Med S Central High
144 Low 155 Med 606 High
154 Low 632 Med 604 High
027 High
10. Situation #3
• When do employees take time off?
• Could this be improved from a business
efficiency viewpoint?
• How does this compare to other parts of
the company and the industry?
12. Time off by month
0
2000
4000
6000
8000
10000
12000
JAN(4) FEB(4) MAR(4) APR(5) MAY(4) JUN(4) JUL(5) AUG(4) SEP(5) OCT(4) NOV(4) DEC(5)
Hours
Absent-Excused
Funeral
Jury
Personal Day
Sick Pay
Holiday
Vacation
13. Relationship of Time off to Overtime
Time-Off Actual Hours
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
JAN(4) FEB(4) MAR(4) APR(5) MAY(4) JUN(4) JUL(5) AUG(4) SEP(5) OCT(4) NOV(4) DEC(5)
Vacation
Other Time off
Total Time off
Overtime
14. Lending a Hand to Others
• Akron Area Chapter of SHRM
– Member of the Year 2002
– Comp & Benefits Committee Chair (2 yrs)
– Treasurer
– Vice-President & Programming Chair (2 yrs)
– President (2 yrs)
– Past President (current, 2 yrs)
• Ohio SHRM State Council
– Member as Chapter President (2 yrs)
– Diversity Director, Ohio State Council (maximum 3 1-yr terms)
– Certification Director, Ohio State Council (in 2nd
1-yr term)
• Colleges and Other
– U of A Student Chapter – Compensation and HR careers (w/Diane Augsbury,
Jennifer Miller, Laura Bishop)
– U of A Graduate students – Class on compensation surveys & analysis
– KSU Student Chapter – Current Compensation issues (w/Jennifer Miller, Laura
Bishop)
– JCU – Compensation survey methods (w/Laura Bishop)
– Stark Human Resources Association – Chapter meeting on compensation survey
sources and methods (w/Laura Bishop)
– SHRM PHR/SPHR Certification preparation course – Co-facilitated (w/Liz England)