Time is Money
In your group, answer the questions based on this scenario:
Roadrunner Canyon is a company with 1347 employees in Arizona.
They pay minimum wage, $7.25, per hour to each of these employees. They
pay time and a half, $10.88, for any hours that are worked overtime. The
average employee works two hours of overtime per day.
They did a workplace study and discovered that the average employee
wasted one hour each day of regular work and 15 minutes of overtime. This
was due to a variety of factors.
1. What factors do you think contributed to non-productive work time?
2. How much money does the average employee make each day?
3. How much money does the average employee make each day for nonproductive time?
4. If each employee works 49 weeks per year, how much does each employee
make per year including overtime?
5. How much does each employee make per year for non-productive time?
6. How much money does the company lose each year for paying for these nonproductive hours?
7. Approximately, how many additional employees could the company hire with
this money?
8. What actions could the company take to increase productivity and personal
accountability for time?