Friday Nov 15, 2024
Friday Nov 15, 2024
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!
