Show:
O.T. BASICS
NEW RIPS
SCOREBOARDS
CALCULATIONS
LASSUS FUN FACTS
100
What does RIP stand for?
Rapid Improvement Plan
100
What are the new RIPS that will start July 1, for Ownership Thinking Q4, 2015?
Profit Per Man Hour OVERTIME!, Rise 'N Shine, Slice of Heaven
100
What items are found on the Store Scoreboard?
RIPS & Hours used/% of budget Projected Payouts Shift Coverage Employee Scoreboard Scores TOTAL PAYOUT EARNED Lost Opportunity
100
How is the PROFIT for an item calculated?
Retail MINUS Cost
100
When was Lassus founded?
1925
200
What does RESPECT stand for?
Rewarding Employees for Superior Performance Exceeding Company Targets
200
How much will the store earn on the Slice of Heaven RIP for each addition pizza slice sold in Q4 2015 over sales in Q4 2014?
25 cents per additional slice sold
200
What items are found on the Employee Scoreboard?
Product Knowledge Attendance Rating Compliance Rating Cash Control Safety Inspection LP Audits
200
If an item's PROFIT is $1 and the RETAIL is $2 what is that item's PROFIT MARGIN?
50%
200
How many convenience stores currently make up Lassus Brothers?
32
300
What are the Quarters (dates) of our Fiscal Year?
Q1= October 1 - December 31 Q2= January 1 - March 31 Q3= April 1 - June 30 Q4= July 1 - September 30
300
How much does your store need to increase their breakfast sales (compared to Q4, 2014) to earn 10% of the increase?
Increase breakfast sales by 10% or more to receive 10% of the increase!
300
What items on the Employee Scoreboard are scored on an INDIVIDUAL basis?
Product Knowledge Attendance Compliance
300
If Bob's PROJECTED PAYOUT is $200 and Bob scores a 50% on his employee scoreboard and did not earn anything for shift coverage, what is Bob's TOTAL PAYOUT EARNED?
$100 (Projected Payout X EE Scoreboard Score + $$ Shift Coverage)
300
How many Food Operations stores are there in the company currently?
11
400
What is PROFIT PER MAN HOUR?
Elmo's and HG Profit DIVIDED BY total payroll hours used Profit Per Man Hour is the total profit your store makes per payroll hour used!
400
Increasing pizza slices can affect which TWO RIPS?
Profit Per Man Hour AND Slice of Heaven
400
How is a PROJECTED PAYOUT calculated?
$$ earned on RIPS X employee's % of budget used
400
If Store #47 earned $2,000 total on all of their RIPS and Katy worked 25% of their budget, what would Katy's PROJECTED PAYOUT be?
$500 ($2,000 x .25)
400
What are the names of the three brothers that currently make up the "Lassus Brothers"?
Todd, Greg, and Jon Jr.
500
Finish the Ownership Thinking VISION: Provide opportunity for each employee and the company to prosper by creating a structure that will....
Train the skill, measure the progress, and reward the accomplishment.
500
What are the "OVERTIME" Quartile %'s that stores can earn when Profit Per Man Hour is increased?
3, 4.5, 6, and 7.5 %
500
How is the TOTAL PAYOUT EARNED calculated?
Projected Payout X Employee Scoreboard Score + amount earned for shift coverage
500
If store #42's PPMH was $17.05 in Q4, 2014 and they increased it to $19.05 in Q4, 2015 (+$2/hour) and they used 2,000 payroll hours in Q4, 2015 how would you calculate their PPMH Incentive for Q4 2015?
$2 X 2,000 hours = $4,000 total profit increase $4,000 X .06 (6% Quartile) = $240 INCENTIVE EARNED
500
Who was the founder of Lassus Brothers?
August Lassus