Cost-Reduction / People Cost Optimisation
Brainstorming
Description
Are you searching for cost-reduction ideas?
It is generally expected that the high people costs may last through 2024. Cost-cutting continues to be a priority for many NPOs/social enterprise leaders. However, many cost-cutting initiatives are unsustainable and can only bring temporary financial relief.
Cost optimization is a new mindset required to go beyond cost reduction, intended to increase business value while reducing costs and waste.
PEOPLE COST OPTIMIZATION should focus on three main areas:
1. HR service delivery
2. HR spend:
3. Workforce costs
A proper HR audit can help you evaluate your workforce structure, composition, and HR operating model to identify opportunities for cost optimization. ARE YOU INTERESTED TO LEARN MORE?
Preferred Time
- Every day 02:00 PM - 06:00 PM
Preferred Time- Every day 02:00 PM - 06:00 PM
Apply for CallAbout John
Bio
I am an HR practitioner, ISO-certified management consultant, business/career coach, employment agency operator (EA14195), Certified Workplace Dispute Mediator, and lecturer in HR-relevant areas at local universities.
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