VI.

Socio-Economic Aspect

Introduction

The success of a business is not only measured by its profitability but also by how their

economic activities affect the society. This feasibility study aims to shape its future in unison

with the community, discusses in sufficient detail the responsibilities and relationship of the

business towards the society within which it operates.

The following are the social and economic benefits that Bookworms Caf Ground strives

to deliver:

A. Consumers

The company strives both to obtain new customers and to preserve existing clients. With

this principle, the company takes into consideration the following concerns:

1. Product Quality and Consistency

The company shall assure that the product the customers will purchase is of

utmost quality but will always be in a progressive nature.

2. Product Safety

The company will make sure that the product will not, in any way, inflict harm to

the consumers.

3. Product Development

The company, though will provide the maximum quality of its product, shall not

stop in trying to improve or develop its product in order to keep pace with customers

needs and demands.

 4. Marketing Arrangements

The company shall price its product reasonably, based on justifiable input

considerations. It shall not engage in hoarding and other price manipulating practices, in

appreciation to customers continuous loyalty and patronage.

5. Products Complaints

The company shall take into consideration consumers opinions, suggestions and

complaints, to fully understand the need and demand of consumers. It shall, therefore,

provide contact information such as telephone numbers, emails, and address through

which customers can send their complaints.

B. Employees

The members of the organization are the greatest strength of a business. Employing the

right personnel to do the necessary jobs is one of the key to a prolific operation. Bookworms

Caf Ground, therefore, values its employees by going over the following considerations:

1. Recruitment Process

The company shall only base its hiring practices and policies to rational

qualification criteria and shall not consider national origin, race, skin color or gender

preference as a basis for hiring its employees.

2. Wages and Benefits

In agreement to the Labor Code of the Philippines (P.D. NO.422), the employees

will be compensated justly based on reasonable work-hours, benefits, trainings, seminars,

performance evaluations, and uniforms.

 The management would also withhold and provide the following; withholding tax

from compensation, SSS premium and loans (employees share), HDMF premium

(employees share), Phil. health premium, thirteenth month pay, sick leave, night shift

differential, overtime pay, right to service incentive, right to holiday pay, maternity leave,

paternity leave and retirement benefits.

3. Working Conditions

The company shall ensure an ideal working environment for its employees. It will

ascertain clean surroundings, adequate lighting, space and ventilation so as to prevent any

harm or illness to happen to the employees. It will also store some medications or first aid

kit, in case the employees suffer any harm or illness. Employees shall also have an access

to potable water and clean bathrooms.

4. Job Security

The company values its employees for it has invested time, effort and resources to

train and cultivate skills that will be necessary for the job. The company also believes that

the experience developed during their service is irreplaceable. With this in mind, the

employees may rest assured that the company will do its best to show its appreciation for

the employees loyalty and dedication.

5. Employer-Employee Relationship

The company recognizes potential such as knowledge, resourcefulness and

creativity. Therefore, it establishes an open communication relationship between

employer and employees. In this situation, decisions are not only a product of the

owner/managers judgment but also of the employees ingenuity.

 6. Controversial Issues

Child Labor employees should strictly be 18 years old and above

Forced Labor employees should work on their own will

Freedom of Association and Right to Collective Bargaining the company shall not

restrict its employees the right to form unions and shall not discriminate those who take

advantage of their rights.

Disciplinary practices the company shall not exercise corporal punishment, physical

coercion or verbal abuse to any of its employees.

C. Community

1. Environment

The need for environmental protection forms an integral part of Cater Links

business philosophy. The fact that our activities, or those of our employees, may have an effect

on the environment is of great consequence to us. We therefore endeavor to operate in harmony

with the environment, with particular emphasis on the following areas:

a. Production:
To carry out our service using environmentally friendly materials and

equipment, which are energy efficient and produce minimal harmful waste

when disposed of.

b. Waste & Recycling:
Waste & Recycling: To minimize the waste produced through the business

activities and look for innovative ways to recycle waste material.

D. Government (Local Government)

 Next to ensuring that company is profitable, ensuring that it obeys all laws is the most

important responsibility, according to the theory of corporate social responsibility. Legal

requirements as established by the government will be duly accomplished. The business can be

expected to fulfill its economic goals within the statutory requirements and legal frameworks.

SUMMARY

The socio-economic aspect of the entity has shown a positive impact on the customers,

employees, local government, suppliers, schools and the public.

Furthermore, based on the social and economic benefits of the proposed business, as well

as the absence of social protest against the type of dealing, it could be concluded that the

Bookworms Caf Ground is socially and economically feasible.