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Essay / Electrocorp Case Study - 1503
Despite the fact that the typical salary for factory workers similar to that of Electrocorp is $3, employees in Mexico should be offered a higher salary than the standard salary to ensure reasonable living conditions. Higher than normal wages will remain less costly for the company than in the United States and will significantly improve the quality of life of employees given the low standard of living in Mexico, where "the median level of Mexican family income becomes l 'equivalent to this one'. of an American family of four with an income of $12,287” (Mexico) By offering higher salaries, the company will not only promote fairness and loyalty among its employees, which are the most valuable asset of any company, but will also attract a pool of quality talent. candidates and enhance the quality of its human capital. Electrocorp should also find cheaper sources of deposition capsules to continue practicing safe environmental operations at lower costs. Our planet is our one and only home, and practicing environmentally responsible operations is an ethical obligation for all of us, no matter where we are on the planet. So, continuing to be environmentally conscious and taking precautions to protect it at a lower cost will allow the company to save money, avoid adding to pollution for future generations and add value to our reputation as a responsible company.