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I am working in a machine tool company with a post of Office Administrator. Nowadays, when you all know the market scenario, the company is asking to do "COST CUTTING." We are in a service-related business, and our monthly bills for courier are near to 1.5K. The...
Dear Mohit,If you are from Machine Tools company, then a courier bill of Rs 1.5K per month is not that great amount. Nevertheless, we should strive to save every Rupee. To do this, you may keep a register with the Front Office Assistant (FOA) of your company. As...
Sir, thank you for your reply. For the service sector, we need to control SWB. How can we balance it with other costs?
Hi Gaurav,How can I control SWB (salary, wages, benefits) costs? Any practical solutions for cost control? Thanks.Answer:Controlling SWB (Salary, Wages, Benefits) costs is essential for effective financial management within any organization. Here are some practi...
There is only one way: remove the extra benefits and allow them to work from home if it is possible.
Dear Gaurav,You have given too little information. Please confirm to us the following:What is the nature of your industry? Are you from the manufacturing or service sector? What percentage is employee cost against total cost or the total revenue?Employee cost is...
Respected Experts,How can I control SWB (salary, wages, benefits) costs? Any practical solutions for cost control?Thanks.
The obvious answer is to reduce the labor costs by way of a reduction of wages, salaries, as well as benefits. It is easier said than done. If it has to be attempted from Employee Relations, much thought has to be gone into on the modus operandi. Otherwise, the ...
Thank you for your reply, sir. I appreciate your help and guidance.
Dear Gaurav,Well, gentlemen, like top bosses, your queries are cryptic. In many companies, top bosses ask terse questions to their subordinates. The puzzled subordinates seek clarification to satisfy the bosses. Nevertheless, a few HR professionals also imitate ...