The company, Tuff Torq, was fined nearly $300,000 for hiring 10 children. It must also set aside $1.5 million to help the immigrant minors who were illegally employed.
Immigrant children as young as 14 were found working illegally amid dangerous heavy equipment at a Tennessee firm that makes parts for lawn mowers sold by John Deere and other companies, according to Labor Department officials.
The company, Tuff Torq, was fined nearly $300,000 for hiring 10 children. As part of a consent agreement with the federal government, the company is also required to set aside $1.5 million to help the children who were illegally employed. Ryan Pott, general counsel for Tuff Torq’s majority owner, the Japanese firm Yanmar, acknowledged the violations to NBC News.
Could you explain what exactly “revenue per employee ratio” means? My thought would be that this is the value the average employee creates for the company minus the cost of employment per year, is that correct?
I think it’s 160M / 500+ employees.
It’s just revenue divided by number of employees
Revenue is all the money the company makes, before any costs
Revenue per employee is that amount divided by the number of employee
The after costs amount would be profit per employee