The year 2020 has been very tough economically and mentally for everyone. The business of ABC limited has been affected severely due to COVID. The exports have been slashed, and local sales have also seen a decline in numbers. While private organizations have downsized their employees, ABC Limited's management has made every possible effort to retain its workforce, yet curtailing its expenditures. In this regard, the board of directors has proposed that this year no bonus and increment in salary be given. Requirement Draft a letter to all the employees of ABC limited, informing them about this decision. Use the indirect approach of bad news writing. Assume other necessary details.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
The year 2020 has been very tough economically and mentally for everyone. The business of ABC limited has been affected severely due to COVID. The exports have been slashed, and local sales have also seen a decline in numbers. While private organizations have downsized their employees, ABC Limited's management has made every possible effort to retain its workforce, yet curtailing its expenditures. In this regard, the board of directors has proposed that this year no bonus and increment in salary be given.
Requirement
Draft a letter to all the employees of ABC limited, informing them about this decision. Use the indirect approach of bad news writing. Assume other necessary details.
Step by step
Solved in 2 steps