There are many additional social factors that can affect your profits. In this video, learn how to better structure your organization around value-building goals.
- So the companies that I've looked at, … quite often, their biggest cost problems … come from their culture. … So, some companies I've been to have … a very fancy head office for example. … And, are you wasting too much time on trying … to look important or on your head office … when really the operating units could do with the money? … Another cultural aspect is fear of the unions … or a very weak HR department … or a useless occupational health department. … So the problems with the labor force are not addressed … and that could be wasting a lot of money. … So that might be worth doing something about. … And in some organization, sickness is the norm. … Yeah, everybody has 10 days a year. … People say, oh, I haven't used up all my sickness yet. … They know that if they take more than 10 days … they'll be in trouble, so they go right up to the 10. … If you only had five sickness days, what are you doing? … You could have had five more days. … So we sickness the norm and that's a cultural problem …
- 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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