StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

COBRA Act and Frans Fries - Essay Example

Cite this document
Summary
The essay "COBRA Act and Fran’s Fries" focuses on the critical, thorough, and multifaceted analysis of the major issues in the COBRA Act and Fran’s Fries. COBRA is a health care providers act that means Consolidated Omnibus Budget Reconciliation Act…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
COBRA Act and Frans Fries
Read Text Preview

Extract of sample "COBRA Act and Frans Fries"

This plan draws funding from the employers of the employees registered under the plan where they pay premiums of up to hundred and two percent (Andersen, Rice & Kominski, 2011). Therefore, this health plan serves as a reprieve for employees to continue accessing health care until they find another avenue for paying their premiums if any of the above occurs. However, as much as the plan is the right of the employees, they must make prior notification to make the act work for them (Andersen, Rice & Kominski, 2011).

In this regard, Fran’s Fries is a community-located eatery that serves a greater fraction of the community. In essence, the eating joint’s location is in the central part of town where heavy trading and interaction occurs. Fran’s Fries boasts of matching up to big names like McDonald's and Steers because of the level of service and products on offer. Sequentially, the brains behind this strategically placed are Fran who couples as the joint’s owner and manager. Fran has vast experience in the hospitality industry because of previous work engagements with several five-star hotels. Therefore, the business draws success from passion and remarkable inter-employee relationships. Fran’s Fries has created employment for twenty employees who work in the kitchen and also in the front service.

Before the economic recession of 2008, the business entity was at the top of the fast food market in the region, which necessitated the need for the management to make their employees live with comfort. According to Fran, business took a turn for the worse when the recession occurred as many of the eatery’s consumers lost their jobs and others opted to carry light foods from their homes rather than eat take-outs. Essentially, fast foods led to the popularity of the eating joint where management also incorporated health care plans for their employees and their families. Moreover, the COBRA policy also followed suit to which the manager did not foresee the occurrence of the event. With the recession in sight, Fran had to lay off some workers periodically because the profits realized could not sustain the entire workforce.

In this regard, the challenge of having to pay for the premiums of the laid-off employees faced the business the profit generation was not sufficient for the cause. Therefore, Fran had to battle with ensuring that the business stays afloat and also ensuring that the business complies with the COBRA act. Lucky for the business, they took up a policy that allowed the business to only pay extended premiums for employees for a period not exceeding four months. However, the manager says that this was also strenuous for the business as the laying off occurred in phases rather than in one stride. This made the incurrence of loss a part of the business until the time that the business stopped the process. By the time the recession was over, the business owner says that the business had slashed the workforce by half, which almost brought Fran’s Fries to its knees. However, Fran insists that the employees that lost their work at Fran’s Fries benefitted from the COBRA policy because four months was enough time for them to find other means of maneuvering.

For Fran, the process of ensuring that Fran’s Fries did not crumble was a humbling experience because the business learned how to survive on minimal profits. In addition, Fran maintains that stringent measures may apply for a business to stay afloat where the business interest supersedes friendship. For instance, the loss of livelihood for some employees was a matter that had to occur meaning that Fran had to do the laying off in a subtle manner. Sequentially, Fran advises that it is vital for business owners to calculate the future, but it is equally essential for the business to work on the present if they intend to get there. Therefore, the amount of premium that the business paid off for the laid-off workers of Fran’s Fries was minimal as compared to the amount that they would have spent in paying them with the reduced profits.

In conclusion, the challenges in the economy affect both sides of the divide because when the government incurred economic loss because of the recession the ripple effect also fell on small business entities like Fran’s Fries. Lastly, the COBRA act favored both sides because Fran’s Fries reduced its operating costs by downsizing its workforce while the employees had health insurance for the following four months.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business law Essay Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Business law Essay Example | Topics and Well Written Essays - 750 words - 1. Retrieved from https://studentshare.org/business/1467908-business-law
(Business Law Essay Example | Topics and Well Written Essays - 750 Words - 1)
Business Law Essay Example | Topics and Well Written Essays - 750 Words - 1. https://studentshare.org/business/1467908-business-law.
“Business Law Essay Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.org/business/1467908-business-law.
  • Cited: 0 times

CHECK THESE SAMPLES OF COBRA Act and Frans Fries

Influence of Social Media on Consumer Behaviour

The dissertation "Influence of Social Media on Consumer Behaviour" states Web 2.... has changed the way in which people interact.... The paper examines how user-generated content and social media influences consumer behavior in the age of ubiquitous computing.... ... ... ... About 2.... billion Internet users from around the world out of a total world population of 6....
69 Pages (17250 words) Dissertation

Cultural Representation of Italians in the Media

The paper "Cultural Representation of Italians in the Media" describes that the portrayals are damaging because they color society's view of the group.... Italians have had a particularly difficult time, in that Hollywood has typically portrayed them in a light that is negative.... ... ... ... The women are 'Guidettes,' which refers to women who club it up, have big hair, tan obsessively, wear scanty clothing, wear tons of makeup, and have fake breasts....
17 Pages (4250 words) Essay

Puzzle Films and a New Reality in the Movie Industry

A not long time ago, most filmmakers are said to have viewed the end-user as someone who would want to perceive movies as a passive act and so did not expect the viewer to be so much involved in decoding the movie.... rom the 1990s, there seemed to be a paradigm shift where most filmmakers started seeing the act of viewing movies as an active practice and so the need to make the viewer play some kind of role in understanding what the whole movie was about....
38 Pages (9500 words) Dissertation

Critical Journalism

The case of Rwanda is an example of a situation in which journalists act unethically and without objectivity.... This paper ''Critical Journalism'' tells us that journalism is a phenomenal profession that continues to grow with the development of society.... Modern society has a great demand for mass media content a feature that explains the rise in the number of magazines, newspapers, radio stations, and television stations....
5 Pages (1250 words) Assignment

ALL-DAY BREAKFAST/BRUNCH RESTAURANT

The founders intend to open the first Happy Breakfast outlet on the Quinpool Road, Halifax, Nova Scotia.... Happy Breakfast will offer breakfast.... ... ... The restaurant business is in the services industry and therefore the founders of Happy Breakfast will meticulously plan all the 7Ps of services marketing The outlet will provide a warm and friendly atmosphere where customers can enjoy, have fun and eat sumptuous meals....
4 Pages (1000 words) Essay

A Spiritual Dimension of a Game

In the paper 'A Spiritual Dimension of a Game' the author looks at feelings of spirituality and ecstasy, which are not limited to people from the field of arts and science.... It is also experienced through a phenomenon called a sport, in which one has to follow rules.... ... ... ... The author states that many people have experienced ecstasy and spirituality through the arts like dance, music, writing, poetry, and painting....
24 Pages (6000 words) Assignment

Madonna and Postmodernism with Explotation of Sexuality to Meet a Bottom Line

"Madonna and Postmodernism with Exploitation of Sexuality to Meet a Bottom Line" paper states that Madonna's history is one of continual recreation and reproduction of her image.... But that image has always been a mere surface glean on top of a deep-seated money-making machine.... ... ... ... Some term Madonna as a postmodernist icon in the way she has been able to consistently reinvent herself to meet the changing modes of music styles over the years....
28 Pages (7000 words) Coursework

Comparison of CORBA and Web Services

"A Comparison of CORBA and Web Services" paper briefly introduces the history of distributed systems.... Distributed systems have been in existence, in one form or another, although they haven't always been named the same and they certainly haven't always had the flexibility that they do now.... ....
15 Pages (3750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us