Controlling Labor Costs: Key Practices and Case Studies

This presentation explores key practices employed by companies to effectively manage and control labor costs. It delves into strategies such as reviewing compensation levels, reducing employee turnover, cross-training employees, trading time off, sharing jobs, reducing fixed salary employees, minimizing perquisites, adopting technology, and managing overtime. Each practice is supported by relevant case studies from companies like Walmart, Woolworth, Rio Tinto, Westpac, and BHP Billiton, demonstrating the practical application of these strategies. The presentation aims to provide insights into how organizations can effectively control labor costs and achieve sustainable business operations.