For this assignment, your team will play the role of a recent business student graduate who wants to find work as a Management Trainee. You have been very successful as an undergraduate student—your GPA is high and you have taken on leadership roles in various extracurricular activities. In addition, your interviews with various campus recruiters went well. In the end, you have received 5 job offers. You now must decide which job opportunity that you will take. Your task in this assignment is to rank the five different job opportunities from most appealing to least appealing.
As a part of this assignment, I have provided you with some basic information about each potential job. The information can be found on pages 2-4 of this assignment. You must consider the information (and any other information that you gather about these companies, locations, etc.) and decide which job will be first, second, third, fourth, and fifth on your list. You must also explain the reasoning behind your decisions. In order to gain a better understanding of effective decision-making processes (and to complete questions 3 and 4 in this assignment), I recommend that you examine Exhibits 5.4, 5.5, and 5.6 in your textbook. The examples shown in the exhibits should be useful as you complete this assignment.
On your list, please answer the following questions:
1. Describe the process that you used to reach your decisions. In order to answer this question fully, you must do more than simply use vocabulary words from the textbook. Instead, you must:
a. Give a brief account of how you actually made your decisions (e.g. by drawing the locations out of a hat, asking family and friends, picking the location with the best weather, etc.) and how that process unfolded in your group.
b. Explain why the decision process that you used (e.g. by drawing the locations out of a hat, asking family and friends, picking the location with the best weather, etc.) was the optimal decision-making process for this particular situation.
2. List and describe the decision criteria that you identified as relevant to this situation. You must also explain why the criteria you used are the most important criteria for this situation.
3. As explained in Chapter 5 of the textbook, you must weight your criteria. That is, you must decide which criteria are most important to your decision and the weight that each criterion has in determining your final decision. Again, you must explain your decisions.
4. What is your final decision? Explain why your decision is optimal based on the criteria that you have identified and weighted. Your answer to this question should include quantitative support for your answer that aligns with questions 2 and 3 of this assignment.
5. Remember that you may include tables and/or appendices in your assignment. Tables and/or appendices do not count toward your 5 page length limit.
Management Trainee Job Description
A Management Trainee may be responsible for assisting management with supervising and executing corporate plans and actions, creating and maintaining a positive team atmosphere, or increasing sales by utilizing company financial reports. In general, the Management Trainees position is considered on-the- job training for a middle manager position. Management Trainees are usually promoted at the end of their initial training period if they have performed well.
Location: Fairbanks, Alaska
Duration of Training: 24 months
Kinross is a mining company that operates mines in North America, South America, Africa, and Asia. They operate a large gold mine in Alaska that is 26 miles north of Fairbanks. Fairbanks has chilly temperatures year round that range from below zero to about 70 degrees Fahrenheit. Fairbanks has a population of roughly 100,000 people. The cost of living is higher in Alaska than in other states, but Kinross is willing to offer premium salaries to their managers to compensate for this (and Alaska has no state income tax). As a management trainee at Kinross, you will work in supply chain management for the Fort Knox mine, focusing mainly on procurement for mining operations. Management trainees at the Fort Knox mine typically work 12-14 hour days and are expected to be on call to assist with troubleshooting supply chain issues. This position will pay $70,000 per year.
Many jobs at Kinross require advanced engineering degrees. The jobs that are filled by blue- collar workers may not require advanced degrees, but they are extremely physically demanding. As a result, most of the employees at Kinross are male. Female employees sometimes find it difficult to fit with the organisational culture at the Fort Knox mine. Work at the mine goes on 365 days a year. Managers take turns working on holidays. Management trainees must work on Thanksgiving and Christmas, but they get three days off in a row for New Year’s.
Health coverage offered through Kinross is below-average, and the company offers no paid vacations. However, the mine is shut down for two weeks each June for maintenance and management trainees do not work during this maintenance period.
Company: Enterprise Rent-A- Car
Location: Phoenix, Arizona
Duration of Training: 24 months
Enterprise is one of the world’s leading vehicle renting organisations that operates approximately 8,100 locations in 147 countries worldwide. This branch is located at the Phoenix Sky Harbor Airport. Temperatures in Phoenix range from the 40’s at night to over 100 degrees Fahrenheit during the day. Phoenix has a population of over a million people, with over 4 million people in the metro area. Phoenix hosts teams from each of the major sport leagues (NFL, NBA, MLB, and NHL).
As a management trainee at Enterprise, you will work in retail management for this branch, focusing on improving customer satisfaction and increasing car rental sales. Management Trainees at Enterprise typically work 9-10 hour days and are expected to be on call to assist the Branch Manager and branch employees. The management trainee position at Enterprise will pay $34,000 per year. In a typical day you will spend most of your time interacting with customers over the phone and in person, shuttling customers to and from the Enterprise location, and washing cars. Enterprise employees are given the opportunity to purchase “gently used” cars at deeply discount prices.
Enterprise has a “work hard, play hard” culture that favours those who are able to maintain high energy levels from sunrise to sunset. Often, Enterprise hosts gatherings for clients at one of their corporate suite at Chase Field or US Airways Center. Thus, although you may technically “work” only 9-10 hours each day, there will often be corporate events that you will need to attend. Enterprise offers basic health benefits and two weeks paid vacation each year.
Company: Pinnacle Bank
Location: Torrington, Wyoming
Duration of Training: 24 months
Pinnacle Bank operates in over 130 locations across Nebraska, Wyoming, Texas, Colorado, Missouri, New Mexico, Iowa, and Kansas. The city of Torrington is located in a beautiful outdoor setting that has relatively easy access to snow skiing and other mountain-based activities. Average temperatures in Torrington range from 10 to 90 degrees Fahrenheit. The population of this town is 6,700 people. As a management trainee at Pinnacle Bank, you will work in financial management for this branch, focusing on improving cash handling procedures and learning loan procedures. Management trainees at Pinnacle Bank typically work 8 hour days and do not work on national holidays. They are required to know at least some basic banking skills, although skills will be re-trained at the time of being hired. The management trainee position at Pinnacle pays $32,000, offers basic health benefits, and gives a two-week paid vacation each year.
The assistant branch manager of the back recently resigned, taking a job at a larger bank in nearby Cheyenne. Thus, the branch manager at the Torrington location expects you to complete your training period more quickly than normal so that you can assume the assist manager responsibilities. The branch manager has promised to get you through all of the rotations in 12 months instead of the normal 24. The assistant manager position comes with a 25% increase in salary and a larger workload.
Company: Phillips 66
Location: Houston, Texas
Duration of Training: 36 months
Built on more than 130 years of experience, Phillips 66 is a growing energy and logistics company with high-performing midstream, chemicals, refining, and marketing and specialities businesses. Headquartered in Houston, the company has 13,500 employees who are committed to operating excellence and safety. Phillips 66 is a Fortune 5 company with $51 billion of assets as of March 2013. Houston is highly populated with over 2 million people and is known for being one of the most polluted cities in America. As a management trainee of the human resources department at Phillips 66, you will work with the HR manager to ensure that policies are enforced and to constantly review and update HR policies for the company. Management trainees at Phillips 66 typically work 9 hour days and are expected to keep company records and information in strict confidentiality due to its highly sensitive nature. The management trainee position at Phillips 66 will start at $40,000, with a 3% raise given after a 60-day probationary period, and a 2% raise every year until the end of the initial training period. Phillips offers better- than-average health coverage and a one-week paid vacation each year.
Although Houston is regularly recognised as one of the better cities in America in which to live, average commute times in Houston are quite high—many workers commute for more than 60 minutes each day (Houston is included in Forbes’ 10 worst cities for commuters report). As a result, some of the other management trainees have a tradition of renting a small apartment just six blocks from the downtown office. The upside (if you choose to live with the other management trainees): Your share of the rent and utilities is only $500 per month and the walk to work takes less than 10 minutes. The downside: You share a 700 sq.ft., two bedroom, one-bath apartment with 3 other management trainees. You sleep in a bunk bed, have a make-shift closet area, and the hot water lasts for only two showers in the morning. Of course, there is a gym at the office if you don’t mind carrying your clothes to and from work each day.
Location: Haslet, Texas
Duration of Training: 24 months
Amazon.com is a leading online retailer. Their corporate headquarters are located in Seattle, Washington, but they operate distribution centres all over the world. The distribution centre in Haslet is thriving due to economic growth in the Dallas-Fort Worth area. As a management trainee for Amazon, your first promotion will occur at the end of your training period. At that time, you will be promoted to Area (Department) Manager in the distribution centre. Eventually, you may work your way toward being eligible to apply to be a General Manager of one of Amazon’s distribution centres. Managers in the distribution centres are expected to manage employees and perform physical work. You need to be able to lift and move boxes that weigh up to 49 pounds each, walk around the facilities on regular basis (the distribution centre is over ¼ mile in length and managers typically walk about 5 miles each day), and work in areas that are not climate controlled. The work schedule requires you to work weekend and overnight shifts on a regular basis.
Starting pay at the Haslet distribution centre is $37,000 per year. Amazon has excellent benefits, including two-weeks paid vacation and outstanding health insurance. In addition, as a management trainee you will be flown to Seattle once each year for a three-day training session.