Determining which employees are vital to operations and which can be let go is a vital skill. In this video, learn how to make revenue increasing decisions concerning your workers' employment status.
- Suppose you found ways to get people … to work more efficiently, … and that means that you can get rid of a couple of people. … How are you going to decide who goes? … Now, the first thing I would say is, … always involve HR and your boss. … So don't just watch this video and do it, … but I think we really need to think properly … about who we're going to get rid of. … It's a really key decision. … So, first of all, the wrong ways to select who goes. … Well, one wrong way is last-in-first-out. … Whoever was the last person, get rid of them. … I think that's just not sensible. … I know they might be the cheapest person to get rid of, … but maybe the last person in was really good. … Another wrong way is to get rid of the easiest person … to get rid of. … Maybe you've got somebody who's contract is not very strong, … or somebody who you know won't cause a fuss. … I think that's a really bad way to choose who goes … 'cause they might be a good worker. … Another bad way is to get rid of the cheapest person …
- Different cost areas affecting your business
- Comparing cost vs. income
- Enhancing your work environment
- Focusing on the most important management tasks
- Getting better deals on raw materials and labor
- Recognizing your optimum quality level
- The hidden costs of subcontracting
- Where to avoid cutting costs
- Top ten cost-cutting actions to take
Skill Level Beginner
What to expect1m 3s
1. What to Reduce
2. Reducing Labor Costs
3. Costs Other Than People
4. Top 10 Tips
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