Lession 10
in store for 即将来临，即将发生
process 过程
trade off
loyal, loyalty 忠诚
As I said before, As you said before,
boil down to 归结
I see the major change in store for Star Plus workers
Yes,They have two choices, really?
Learn to use computer?
Right. Learn to use computers, or find another job.
Either of the choices is difficult.
The employee is skilled on their work. They understand the process of making clothing.
They just need to learn computer skills.
Right, they need to be skill with the computers
As I asked before, what do I do for my workers?
You could retrain them, or you could hire new workers.
I don't want to lay off people. Some of our employees have been with us for 30 years.
That loyal is hard to be replaced.
But, it maybe difficult to retrain these workers.
True, it maybe easy to hire new ones.
There is real trade off here.
If you hire new workers, you lose time rebuilding loyalty
If I retrain my old worker, I lose time when they are training.
You lose time rebuilding loyalty
I lose time when I retrain my old worker.
Boot of line, you are going to lose time.
Time is money.
There are 3 factors considered. Cost, time and loyalty
1. Cost. you mean how much will cost to retrain the worker?
And how much to cost to train new ones.
Both of them take time.
2. Time. Time is spent on training, and time is lost in production.
And lost time is meaning lost revenue.
3. Loyalty. We talk about worker loyalty already.
And our loyalty to them. Our factory like a family.
So, your choices boil down to those factors: Cost, time and loyalty