课程: Corporate Finance: Profitability in a Financial Downturn

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Reducing overtime

Reducing overtime

课程: Corporate Finance: Profitability in a Financial Downturn

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Reducing overtime

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- When looking to reduce labor costs, the first places you should look are at bonuses and overtime. These are two procyclical kinds of expenses, that means they go with the business cycle, and when times are good, you expect bigger bonuses and more overtime. When the economy's bad, you expect smaller bonuses and less overtime. So it's a natural place to make the first cuts when looking to address labor spend. No labor cost-cutting is easy, and that's also true with overtime. Some of your employees, especially in larger organizations, really look for overtime to supplement their salary or wages, and that means you need to be careful when you reduce the overtime, because for some workers, that might make them head for the door. As with all cost-cutting in labor, you need to be careful that you keep critical workers happy, and that you don't risk hurting your long-term profitability and growth in order to save a few bucks in the…

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