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How can you improve the cost efficiency of a companies activity? watch

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    How can you improve the cost efficiency of a companies activity?
    And the activity is not defined, so just in general
    need a bit of help with business

    Thanks
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    Automation of systems, redundant systems, improvements on debtor/creditor days, scaling back non-essential operations.
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    also outsourcing
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    In terms of workforce, increase part-time employees, reduce full-time employees.
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    (Original post by chris_mon)
    In terms of workforce, increase part-time employees, reduce full-time employees.
    thats a good point. what other reasons, other than *part time staff having fewer benefits, resulting in company spending less* can increase efficiency?

    thanks
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    (Original post by Owais B)
    thats a good point. what other reasons, other than *part time staff having fewer benefits, resulting in company spending less* can increase efficiency?

    thanks
    Part-time employees are a lot more flexible so you can cut/increase their hours depending on levels of demand. So when a company are not busy, you save on staff costs. It's all to do with a 'Hard' Human Resource Strategy. No problem
 
 
 
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