Reference no: EM133380943

Part 1. Should be between 150-300 words. Use in text citations and also websites that are based in the United States. This is a discussion post response.

Staffing your business is essential to the success of your company. However, it is important to ensure that your employees will not add unnecessary costs or debts to your company. One must carefully consider all roles and responsibilities that are crucially needed for the operation of the company. Operating Power Meals meal-prepping service is rather straightforward. It will involve checking customer orders on the company website, prepping the ingredients, cooking the meals, and lastly, delivering the meals. Since Power Meals is starting our small from a home, there is not much need for any employees. Being that it is family-owned, the cooking and prepping will be done by one person, the owner, and the delivery of the meals by another person, the co-owner. With an expected growth in sales and orders in the first year, there are potential positions that will need to be filled.

The positions include an additional cook. The cook will be responsible for prepping ingredients and preparing and packaging the meals. The payroll will be approximately 25% of the total budget. Considering this is a startup, the base salary will average $28,000 per employee with the average work hours being 25 hours per week. According to Kriss (2020), an employee will cost 1.25x to 1.4x their salary, which includes any tax cuts and insurance. This means that the cost for each employee will be around $35,000. Some of the benefits offered will include stock options and flexible scheduling. Most startups have limited funds, but offering equity as an incentive is a great way for employees to potentially pay off in the future (Gmeinder, 2022). There are also benefits to working for a startup as it offers leadership opportunities and not being tied to a single job description.

By the third year, if the budget allows it, there will be an addition of two positions which include a driver and a marketing lead. The driver will be responsible for delivering the meal packages on a set schedule. The marketing lead will be responsible for SEO optimization and content creation for social media platforms, responding to customer feedback and interaction. Keeping track of supplies and inventory will continue to be managed by the owners. At this time, the average salary would be around $35,000 K, which would average at least $43,750 per employee, totaling $131,250 for 3 positions. As mentioned above, the addition of employees will be determined by the amount of growth to the business as Power Meals is possible to be operated by few people. By the third year, health insurance will be an additional benefit offered to employees. For individual premiums, this will be an additional monthly cost of $2,100 and $25,200 per year.

Part 2. Should be between 150-300 words. Use in text citations and also websites that are based in the United States. This is a discussion post response.

Knockin' Boots, the country-themed nightclub, is being established by myself and three other people who intend on making it the best possible business it can be. In total, we plan on having exactly 16 employees once the club is officially open. The four of us will handle management, accounting, hiring, human resources, etc. We will be doing the jobs that will be taking place behind closed doors and involve a lot less of the "fun" aspects of operating a nightclub. The other positions will include two bouncers/security-men, a front-door receptionist, six bartenders, two barbacks, and a janitor. The average nightclub in the US only has eight employees, so we are truly investing in making sure that Knockin' Boots is up-to-speed by incorporating extra staff members (Bars & Nightclubs in the US - Employment Statistics 2004-2029, 2023).

The premises of all these jobs is simple. The bouncers will be in charge of checking ID's at the front, maintaining a semblance of order at Knockin' Boots, and removing any disturbances to the peace of the atmosphere of the nightclub on any given night. The front-door receptionist will be in charge of collecting entry fees and putting the appropriate bracelets on the guests who come through the doors. The bartenders will serve drinks and socialize, while the barbacks will provide them the supplies they need and help keep the place tidy and running. The janitor does not need any explaining. A simple lineup for a simple premise.

As time progresses, we may need to hire additional bartenders or maybe even another janitor depending on how busy Knockin' Boots gets. Even though we have high expectations for the nightclub's potential performance levels, we have no reason to suspect that it will require an onslaught of additional staff members as time goes on. If we are to be proven wrong, we will eat our words, but until then, we are happy with the definitive plan of totaling 16 Knockin' Boots employees.

As listed in the balance sheet already submitted for the course, with compensation and all included, we plan on paying the 12 employees beneath us a total of $240,000 by the end of year one, $270,000 by the end of year two, and $300,000 by the end of year three. For one, it is important to incrementally increase wages with inflation to maintain staff and to accompany growing profit margins (Cornwall & Scarborough, 2019). Also, more wages will be provided for the non-bartenders since they do not get the benefit of being tipped. Bartenders in the area are historically extremely compensated from tips alone. While they will be getting paid, it is all but guaranteed that none of them will be dissatisfied with the amount of money they are able to bring home in tips. Everything is laid out plainly and simply, and we intend of keeping this practice of open honesty throughout all areas of our business.