Skip to main content

Posts

Showing posts with the label Output

Lowering Staff Cost by Increasing Cost

It sounds funny, right?  How can we lower staff cost by increasing staff cost?  As we know, staff cost is computed this way: Staff Remuneration/Staff Output .  So if you increase staff remuneration and get a higher output, your staff cost will decrease.  Other than this, there are 4 other ways that you too can increase cost and lower your staff cost as a result: Increase training cost .  With better trained staff, their output will increase automatically.  Make sure that you send your staff for training that cost less than $200 per head (for half day ).  Most importantly, ensure that the training covers practical issues and not just some impressive theories. With PIC covering at least 60% of your training cost, your net cost is only $80 per head, and I'm sure your company can recover it easily in just 2 days.  To find out the 7 ways to train your staff, click here .  Read here to discover the 9 things that a good sales training should cover.  Increase the equipment cost .  L