Artemis Sportswear

Cutting operational expenses is something ever organization must learn to balance to ensure productivity and profit margins increase for the company. An increase profit margin is the bottom line for any business and its stakeholders. In order to cut operational expenses productively Artemis Sportswear needs a comprehensive look at the everyday operational expenses. Cutting the everyday expenditures is in need of balance, because to much cuts can cause lose of productivity which in the end will not achieve the desired affect of increase profits. Cutting operational expenses also affects the work force of Artemis Sportswear. This proposal is to define the expenses that need or could be to cut to ensure the success of Artemis Sportswear and how
A few things have been learned about payroll slashing since then. Some companies are asking the employees what to do in order to cut costs before cutting payroll and have received replies as simple as saving energy to more convoluted solutions. Energy savings alone can result in savings of thousands of dollars.

Another fact that has been learned is that it takes a community to support a business. The resulting cuts can have people losing their homes and moving away from the city that Artemis Sportswear resides in. With loss in population, higher tax levies for businesses may result. The local retail trade is affected. This will also affect the local unemployment rate with an increase in government supplements and food stamps.

When people have worked with a company for many years, they don’t have any skills for searching for a job. Even termination can be done with care. It is advised to give ample notice of termination and information about benefits. A company can be hired to help workers cope with “career transition” (Austin, 2001, p
Buckstein (1997) explains that “training has yielded $30 for every dollar invested…” (p 131). Bonuses are paid to managers who volunteer to participate as instructors. Retraining consists of team building and changes in workplace culture. Employers can restate what is expected of the workers and let them become aware of what the new focus of Artemis Sportswear is. Company values and Artemis’s mission statement can be communicated. Employees can be reenergized, knowing that Artemis is trying to keep staff and prevent layoffs. Work assignments can be filled by more than one person as well as rotate, to prevent boredom. This can give a boost to