Knowee
Questions
Features
Study Tools

With specific reference to a cafe, what stake do employees have in the performance of a business?

Question

With specific reference to a cafe, what stake do employees have in the performance of a business?

🧐 Not the exact question you are looking for?Go ask a question

Solution

Employees in a cafe have a significant stake in the performance of the business. Here's how:

  1. Job Security: The better the cafe performs, the more secure the employees' jobs are. If the cafe is not performing well, it may have to lay off staff or even close down.

  2. Financial Incentives: In some cafes, employees may receive tips from customers. The better the cafe performs, the more customers it attracts, and the higher the potential for tips. Additionally, some cafes may offer bonuses or profit-sharing schemes to their employees, which directly link their earnings to the cafe's performance.

  3. Career Progression: The success of the cafe can impact opportunities for promotion and career development. A thriving cafe might open up more managerial or supervisory roles, or might be able to invest in training and development for its staff.

  4. Job Satisfaction: Employees are likely to take pride in their work if they see the cafe doing well. This can lead to increased job satisfaction and morale among the staff.

  5. Reputation: If the cafe has a good reputation, it can reflect positively on its employees, enhancing their professional standing and future job prospects.

In summary, the performance of a cafe directly impacts its employees in terms of job security, financial incentives, career progression, job satisfaction, and reputation.

This problem has been solved

Similar Questions

Which stakeholders' main concern is that the business earns a profit?YOUR ANSWERYour AnswerLendersEmployeesA partnerBank

Analyse one reason why a business might have lower profits by meeting stakeholder aims

Which of the following has an indirect interest in the business?YOUR ANSWERYour AnswerA new investorCustomersEmployeesOwners and founders

A business person employs two people to make sandwiches to sell in a cafe. As well as labour, which factors of production are involved in this activity?

Which of the following are not considered as Internal stakeholder?a.Office assistantb.CEOc.Investord.Sales manager

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.