Human resource is key to companies performance and reults . Considerable money is invested in
grooming employee for next level .HUman resource deptt in general handles ,following
Trainig
Wages /pf
Hiring
retirement benefits
time keeping ie overtime and productivity based incentives
In recent times the best option to reduce cost has been reduction manpower or employees .
Other methods applied by companies in these tough time has been . Well it may not be the
solution but in these circumstance companies are trying all ideas to cut down cost through
various means .
- Lay off
- Reduce number of working hours
- Reduce weekend job s
- Overtime to be eleminated all togerther
- Re-evaluate Group Health Insurance
- Review Job Planning Procedures
- Encourage Vacations During Slow Periods
- Offer Voluntary Unpaid Time-Off
- Consider Offering Early Retirement Packages
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HUMAN RESOURCE -COST TO COMPANY
