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Mark's Pov:

Mona: Mark, how will you give such a prestigious project to the students?

There might be a chance of ruining your dream project, you should be more careful..!!!!

Mark: Even I think the same way until I spoke to Anna on that day in my office, when I am speaking to Anna She gave me many good advises and asked me everything in detail with a very good reasoning, Actually that is the 80% job of my higher officials will do, so I wish I want to recruit the students who are intelligent like Anna…

Actually, the students know better than us; they are fresh minds flourished with fresh thoughts, and their aims are on fire to achieve something in their life. If we selected those kind of students, it will be easy for us and they will definitely come to us to work at 5 percent and for the students, 5 percent is a very huge amount and they will work hard with whole-heartedly and gets the construction done in time and most importantly it will help to their academic too...

Mona: How can it help in their academics?

Mark: I will give a certificate for every 6 months regarding their efficiency. If they are interested, they will continue and if not they can search their own job but my certificate will help them to get placement in good companies...

So this Idea will not only help me, it will help to many students who want to climb their dream ladder on their own...

Anna: That's really a great Idea, Mark

Mona: Yes Mark, students like me who struggle in their life during education will really work hard to get succeed by joining under your training...

Anna: Yes, Mark. It's really a good opportunity for the students to get trained under a top one entrepreneur like you, but you should wisely choose those kind of efficient students and you should take permission from the colleges too...

Mark: Yes Anna, I already spoke to top 15 to 20 educated institutions and everyone accepted to include it in their curriculum. And I personally designed 12 to 15 rounds of interview to scale the students who fit into my category, and if I selected at least 2 to 3 students from each college, I can easily recruitment 50 members in the place of the higher official category but I don't want to take the risk by trusting them 100 present and I can't even monitor every person and their work in this short span so I appointed one higher official who should monitor 12 to 15 student officials and I can easily monitor those higher officials...

So roughly I reduced 20 percent of the project cost...

Mona: How can you reduce the remaining 30 percent...

Mark: it's too very simple Mona, I can easily reduce 20% of my project cost through raw materials needed for the construction...

Mona: How?

Anna: I know how it is,

(Mona looked at Anna in shock but I didn't get surprised because Anna and I already discussed about it.)

Anna: Mark already explained it to me, he said if we purchase a huge amount of raw material, the supplier will give the discount it seems...

So maybe in that way, he will reduce more cost...

Mark: Yes, Anna, but there are many things to take care of. If we purchased those bulk stock the storage capacity will increase which leads to the rent of the storage room may increase. So I need to contract the materials from the supplier in such a way to supply the materials directly to onsite of construction and there are many things to take care of. I will plan everything without a loophole...

Mona: Wow, that's really a good idea, Mark. But don't forget to check the quality of the materials they supplied...

Mark: Yeah, a quality check will be done on the site with the respective technicians…

Anna: Okay, but labour cost is one of the important criteria in your project, am I right?

Mark: Yes, Anna...

Anna: then, how can you reduce the labour cost?

Mark: I am following the carrot approach Anna and it will reduce an extra 10 percent of cost...

Mona: Hello Mark, we don't know anything about carrot and beetroot strategies, tell us clearly...

(I smile by listening to Mona even Anna is looking at me in confusion...)

Mark: It's simple Mona, carrot approach means we are impressing our employees with gifts or with higher incentives as a reward for their hard work and it's a kind of boost for them to do their job with more speed and accuracy...

Mona: What?

Anna: How can you save if you are giving more incentives Mark?

Mark: See I already have more efficient labour and they will help to work 50 percent of my project and with this strategy, they will cover 75 percent of the project work and I can easily recruit balance 25 percent labour very easily...

And now they will work for 8 hours on a usual basis, but from now I will change to six hours shift and request them to do two shifts if possible and pay for the two shifts...

Mona: You are paying for the two shifts at the same cost, how do you think it will reduce the cost...

Mark: See Mona, according to labour perspective if we request them to do extra hours we need to give them overtime money which is more than the regular payment. For example, in regular working hours if we give 100 per hour and in the next overtime hours we need to give at least 150 per hour...

So for 12 hours, it costs 1400 i.e, regular hours (8*100)+(4*150).

If we use 2 shifts of 6 hours per shift, I will pay 1200...

Mona: So you can easily save 200 per worker…

Mark: Yes…

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