Sample Clip, Production Employees and Profit - Length: 2 minutes, 48 seconds
In this clip, Tim explains why production employees should be concerned about the profitability of the company.
This class is 49 minutes long and covers the following topics. It also includes a download link for the audio recording (playable on any mp3 player), a download link for the handout in pdf format, and a written quiz for discussion.
- The Importance of Net Profit to Production
- Conflicts between what motivates of production employees and what motivates the construction business owner
- How Net Profit benefits employees
- Definitions: Overhead, Gross Profit, Net Profit, Production Costs, Labor Burden
- Little things that make a big difference in production costs and profitability
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