CHAPTER 2: SITUATION OF BUSINESS PERFORMANCE AT HOANG
2.3 Analysis of business performance at Hoang Long Mechanics Technology
2.3.1 Analyze the performance of using labor
The company came into operation with 32 employees. There is a Party cell including 04 members, a grassroots trade union organization and a youth union. scientific and technical staff including 02 architects, 02 construction engineers, 02 economic
Revenue from goods sold and service
+ 9.424.453.553 Cost of sales + 73.111.698 Financial activities + 2.186.655
Total = + 9.499.751.907
Cost of goods sold - 8.010.055.475 Financial expenses - 140.399.986
Enterprise managing cost - 274.279.688
Total = - 8.424.735.149
Fac to rs th at incr ea se p ro fit b ef o re ta x Fact or s tha t dec rease pr ofit be for e t ax
(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company
engineers and 04 intermediate officials, the rest are technical workers and service staff. The company currently has 55 people, of which university and bachelor degrees are 21 people.
Figure 20: Labor structure in the Company
The company owns a young, knowledgeable, dynamic and creative labor force. The company is located in the city, so the labor force is unstable, the costs are high, especially the wages of workers must be high compared to other localities. For each worker, wages are a key part of their livelihood. Therefore, striving to increase the income of employees in the business is always an important goal of every business. Because businesses can use wages as a tool to improve business performance. The higher and more stable income together with bonuses will create trust and enthusiasm for the whole enterprise, and the application of measures to handle labor violations by deducting Salary will contribute to improving the sense of responsibility for everyone. Since then improving labor productivity in the enterprise, contributing to improving business performance.
The company's administrative expense is quite high, including expenses such as managerial expenses and technical engineers. General and administration expenses in 2017 were 1.181.837.272 VND, down 392.453.468 VND, equivalent to 33,25% compared to 2016. The main reason was due to the reduction in staff salaries. However, talking about this reduction is not a good factor for the Company. In early 2017, the Company lost 3 very good design engineers into the hands of large enterprises such as Viettel and VCTV.
Workers always want to find a reputable, stable and good working place for their employees, realize that this is a lesson in managing human resources and talents. In 2018, the Company recruited a team of new engineers and added more incentives in the Company's policy, avoiding the brain drain and unable to retain talents. In addition, the Company needs to have a suitable remuneration for skilled engineers, so that the employees can be assured of their work and dedication.
38%
62%
Number of employees in the company
University degree High school level
(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company(LUAN.van.THAC.si).solutions.to.improve.business.performance.in.hoang.long.mechanics.technology.joint.stock.company
Currently, the Company is well exploiting all existing equipment, ensuring high performance, running out of capacity and increasing labor productivity along with training and retraining of professional and technical knowledge for employees. The company also makes good environmental sanitation, no noise, no dust and no heat, absolutely safe for workers' lives and health. Solid, spacious and safe infrastructure keep up with the development of the company and create favorable and comfortable conditions for employees to work, contributing to improving labor performance.
As a consultancy unit on Engineering engineering and construction of the company, many seminars on architectural works and construction works should be organized to expand the visibility, enhance understanding, and have the opportunity to exchange and study. Giving mutual assistance to employees, especially scientific and technical officials, to be able to further improve the quality of design consultancy activities combined with the reputation and reputation of the company (professional reputation, quality the number of projects implemented by the company has won the confidence of the project owners, customers) to improve the competitiveness, dominate and expand the operating market.