Analyze ACME Company’s cosmetic industry overview concepts.
This is a paper that is requiring the student to analyze ACME Company’s cosmetic industry overview concepts. The paper also provides additional information to use in the writing of the assignment paper. Below is the assessment description to follow:
Analyze ACME Company’s cosmetic industry overview concepts
Overview – ACME Company, Inc.
ACME Company, Inc. is a medium-sized company in the cosmetic industry and is based in Arizona. The company originally began in 1992 by a brother and sister team, Paul and Mary. Ten years later, Paul and Mary incorporated the company and went public. They hired new executive leadership so Paul could focus on innovation and Mary could focus on being the Human Resource Manager. Since that time, they have grown from a small business to a medium-sized company with 750 employees. Paul and Mary started the company with strong family values, such as working together as one team, looking after each other, and valuing each individual employee. By 2015, they noticed some of those values “slipping” as new executive leadership has come on board to help run the company.
ACME Company, Inc. is facing a major decision – to move into the 21st Century or maintain the status quo. Paul and Mary started the company with family values but have a desire to innovate and grow. Mary became the HRM when they incorporated and Paul became head of Research & Development. The new executive leadership does not share their same values, and, is questioning the need for a budget for Research & Development since the company is already so successful and a major market leader. Paul and Mary, though, want to continue to be innovative and grow.
Analyze ACME Company’s cosmetic industry overview concepts
The executive leadership of ACME Company, Inc. believe they can reduce their expenses (and in turn increase profits) when it comes to the Family and Medical Leave Act (FMLA). Currently, the company’s policy on FMLA is as follows: for an eligible employee ACME provides up to 15 weeks of leave per year for covered conditions and they also provide 25% paid leave. ACME employs 750 people with an average per person salary of $50,000. Annually, ACME averages 10 employees out on FMLA. All employees on FMLA use the full 15 weeks annually. Leadership decides to ask Mary for her recommendation, since she is the HR professional.
For this project assignment on ACME Company, Inc. complete a minimum of three pages that addresses the following concepts:
The key features and purpose of the Family and Medical Leave Act (FMLA).
The minimum legal requirements of FMLA.
The advantages and disadvantages of keeping the current company policy and changing the policy to meet minimum legal requirements.
If you were Mary, what would be your recommendation? Explain.
Make sure to include an APA formatted title page and reference page for sources that you may have used for your research. Remember to follow APA guidelines for in-text citations when paraphrasing or quoting information.
Analyze ACME Company’s cosmetic industry overview concepts
