Why were all the managers meeting all day today at Home Office? Every manager that I was looking for today was in a meeting. Inquiring minds wanna know.
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The actual calculation is
Net Income = (LY sales - 8%) - cogs - 4 vp's) + X))
You need to recognize sales are declining 7-8% year over year for the past 4 years.
Follett will add VP's during the year that will need to be paid for with other layoffs.
Which region are you in?
Here is how budgeting works at Follett. Start with promise to family of outrageous bottom line, then solve backwards.
Net Income = (sales - cogs) + X))
where X is the employee payroll reductions through layoffs.
Budgeting
Useless corporate managers scurrying around like rats on a sinking ship right after January rush. Hmm I wonder what that could be? Oh wait, It's Follett's favorite time of year! Layoff time! T-30 days to the next round of lay offs.
In all seriousness: Get out people. Follett isn't worth it any more. I left awhile back and am much happier now. A dollar is a dollar regardless of where you get it from. It's all how you are treated as you earn it.