6 DANGEROUS M YTHS A BOUT fee group 11 M adalina B otoroaga A ngel Hadjiev N azih Hagar R af faella Raf fo P orcari A ndi Weinberger M yth # 1: intentness rate lug Cost primitive earnings paid (wages) Take productivity into account, besides the amount of property amount paid to the promote force. Wages could increase to up to $2000 and exist would remain gild A Cunder $50,000! ompany B organic time worked Salary $10 pero time of day $15 per min # of employees needed 100 100 Hours Needed 50 25 projection Rate = (total salary)/ (time worked) $ 1000 / hour $ 1500 / hour Labor Cost $50,000 $37,500 M yth # 2: follow A Company B Salary $10 pero hour $15 per hour # of employees needed 100 100 Hours Needed 50 25 Labor Rate = (total salary)/ (time worked) $ 1000 / hour $ 1500 / hour Labor Cost $50,000 $37,500 M Y TH #2: You c an c ut l abor c osts b y c utting l abor r ates . Labor Costs = f (salary & productivity) Cut pass judgment replacing $2,000 / week form with a $500 /week employee Lower-paid employees atomic number 18 inexperienced, slow, and less adequate to(p)!! M yth # 3: This is sometimes admittedly!
V IDEO M yth # 1 and M yth # 2 M Y TH #3: L abor cost lay out a s ignificant portion of total costs. ? The proportion of core out up costs to total costs varies widely in d ifferent industries and companies. ? Yet, managers assume dig out costs ar the biggest i tem in their income statement. M yth # 4 : M yth #4: L ow labor costs are a firm! a nd sustainable competitive weapon. ? Labor cost perhaps the least sustainable way to compete ? let on to focus on quality, customer service, innovation, ? These are a plenteousness harder to imitate than to just cut labor costs ? By only focus on cutting labor costs one might overlook these options M yth # 5: M yth #5: I ndividual incentive pay i mproves performance. ? This place sum game can...If you want to get a come near essay, order it on our website:
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