Cost Cutting Vs. Slack Elimination

Monday, 22 October 2012 00:00 - - {{hitsCtrl.values.hits}}

When confronted with a need to reduce costs in a downturn, the kneejerk reaction of most businesses is to cut ‘headcount’. The number of staff on your current payroll is a function of your organization’s strategies, structure and systems. Therefore, taking the ‘slack’ out of these 3 elements should happen before taking the ‘slack’ out of the payroll.

Otherwise, it could be like claiming ‘weight loss’ after

losing an arm and a leg!

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