Controlling Costs And Staff Numbers
Listen to a Preview
Update Required
To play the media you will need to either update your browser to a recent version or update your Flash plugin.
  Running Time: 10:24 Date: 01/04/2013 Keep your staffing levels under review - you may be able to reduce costs and improve productivity at the same time. If 2012 was the year of business survival, 2013 may seem rosy by comparison. But don't get complacent, says Roger Mendelson of Prushka Fast Debt Recovery, cost control is a permanent feature of life these days, and labour costs the most significant. Most businesses, he says, can afford to reduce wage costs by as much as 10 percent and see productivity improve as a result. But it's not simply about reducing numbers - it's about getting the right people into jobs that suit them best, and where they'll be happiest and more productive. That means talking to them, and asking questions about every area of the business. The aim must be to increase profits in order to improve cash flow, and provide for growth when business conditions permit. Topics: Financial Management, Human Resources, Management |
 Roger Mendelson, Prushka Fast Debt Recovery |