Management during Low Sales Volume Research Paper

Management during Low sales Volume - Research Paper ExampleThis paper illustrates that reducing labor expenses quite a little save many employees job and organization can keep knowledge and talents of longtime employees for the purpose of growth in future. It is possible for reducing compensation and get ahead provided from the end of the organization. So in such case, a restructure on salary, benefits and compensation are required. Employees should do the multitasking activities. If some of the employees are inefficient in this plain stitch then management will take immediate action against them. Again expansion of new business strategy can improve the present scenario of sales. semiweekly review of financial statements should be done in the more stringent way for reducing the chances of fraudulent sales entropy. No unconfirmed sales data should be recorded in an organizational accounting system. Anticipatory sales data should also not to be included in the financial statement s of this organization. Sales procedures should not be conducted without any signed purchase order from the respective end. Again confirm contact details are required for completing a sales activity. If any bonus was paid on the basis of fictitious order then that amount of bonus should be taken off by the end of the management. Staffing cost is based on the sales number. So, in this case, the amount of bonus will increase the amount of total cost of this organization. For improving employee communication method, human resource managers should take proper initiatives. They should listen to the problems of employees and respond according to the situation. Communication gap needs to be minimized between lower take staffs and upper-level managers. Otherwise, managers would not be able to know about the operational problems. Effective communication many times solves so many operational difficulties at heart an organization. In the effective communication process, individuals can shar e their ideas and views with others and thus the organization can operate its business activities in a more innovative way. For construct effective communication procedure, face to face conversation is necessary. Again managers should keep the track records of employees activities.