After presenting an overview of each option, explain the labor reduction strategy you have selected for deployment.

The purpose of this assignment is to utilize financial data to make staffing and scheduling decisions.You are the owner and general manager of ABC Sports Store, an independent sports retailer located in a suburban shopping center. Many of your employees are local college students who require flexible, part-time schedules. In addition to being the owner/manager, you employ two assistant store managers, and four part-time sales associates. Recently, a large national chain sports retailer opened less than 2 miles away from you in a new shopping mall. You have noticed a slight drop in sales over the past 2 months, but since you serve a specialty market and are a long-time fixture in the community, many of your patrons have remained loyal customers.In an effort to remain competitive and reduce costs, you are closely examining your financial data. In reviewing labor costs, you quickly determine that you must reduce this expense to a threshold of no more than 20% to ensure the profitability of the business.Analyze the “Monthly Financial Data” file and determine one options for adjusting labor costs to meet the 20% threshold. Use the “Jan2020Budget,” “Jan2020CurrentSchedule,” and Jan2020RevisedSchedule” tabs in the “Monthly Financial Data” file for your analysis.Create three slide templates to plug into your group presentation Power Point that outlines each of the three options you are considering for reducing labor costs. On the slides and in the speaker notes for each slide, present the following.Specific data associated with each potential solution.Operational and service implications of implementing each option.Human/Employee factors associated with each solution.After presenting an overview of each option, explain the labor reduction strategy you have selected for deployment. Justify the selection with the use of relevant data and discussion about the operational, service, and human factors you considered.