Small periods of time spread across your labor force can add up to massive costs. In this video, learn how to reassess which uses of time are actually helping your organization.
- While we're looking at where people spend their time, … and therefore, the areas of cost, … I think a big one we need to look at is meetings. … They're always up there on the hit list … of things that people hate … and things that take a lot of time. … Let's just think about the cost of meetings for a minute. … Suppose you've got 100 people in your company, … and you can put your own numbers in for this. … I would really recommend that you work this out … for your own organization. … But suppose you've got 100 people working … in your company or your organization, … and suppose that you have, say, four meetings a week, … and each one is two hours. … That's 100 times four times two, … which is 800 hours a week are being spent on meetings. … Let's say times 50 weeks a year. … We're up to 40,000 hours a year. … That is right, isn't it? … 800 times 50 is 40,000 hours a year. … Now, what's the cost of an hour of somebody's time? … Well, let's be really conservative … and just say that they're being paid 10 pounds an hour, …
- 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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