 Labor CostDavid E. Vance ()
Chapter Chapter 4 in Corporate Restructuring, 2009, pp 47-66 from Springer Abstract: Abstract Salaries, wages and employee benefits are among the most significant costs any company faces. Attracting and retaining the most talented individuals is expensive, so restructuring involves a balance between getting the best people and managing labor costs. Among the first tasks of restructuring is to determine whether a company has the appropriate number of people. Most underperforming companies have excess people. Industry norms can be used to set head-count targets. Targets can be reached in an orderly way by culling low performing employees, increasing the span of control of middle management and dramatically reducing the number of employees who don’t make or sell products, service customers or measure company performance. A head-count management system can facilitate this effort. Other means of controlling labor costs while maintaining competitive salaries include use of salary surveys, improving controls over workers compensation, overtime and unemployment compensation. Labor cost details can make the difference between a superior company and an underperforming one. Keywords: Stock Option; Line Manager; Worker Compensation; Unemployment Compensation; Define Benefit Plan (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-01786-5_4 Ordering information: This item can be ordered from DOI: 10.1007/978-3-642-01786-5_4 Access Statistics for this chapter More chapters in Springer Books from Springer |
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