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Many business’s retention strategies target unnecessary expenditure, as well as short term investments that will offer long term financial benefits. Typically machinery and automation are at the forefront of business retention. However, since more than 90 percent of the costs associated with a building are related to the people in the workplace, for the majority, the initial focus for consideration is Labour Productivity. Labour Productivity reviews the company employee organisation, the level of employee numbers, and the final output of production in relation to labour costs. Sometimes drastic changes are made to a company’s employee resources as a result of analysing the LP, and consequently businesses unfortunately opt for the redundancy route to eliminate a large proportion of labour costs.

Many business’s retention strategies target unnecessary expenditure, as well as short term investments that will offer long term financial benefits. Typically machinery and automation are at the forefront of business retention. However, since more than 90 percent of the costs associated with a building are related to the people in the workplace, for the majority, the initial focus for consideration is Labour Productivity. Labour Productivity reviews the company employee organisation, the level of employee numbers, and the final output of production in relation to labour costs. Sometimes drastic changes are made to a company’s employee resources as a result of analysing the LP, and consequently businesses unfortunately opt for the redundancy route to eliminate a large proportion of labour costs.

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