Cost of Labour: Productivity and Business Costs

As a hairdresser, you are responsible for making and styling hair. With an actual cost of $10483.20 per year and an estimated staff productivity rate of 93%, it is essential to consider the relationship between staff productivity and business costs. To increase employee productivity, innovative strategies such as incentives, rewards, and bonuses can be implemented. Additionally, monitoring employees' work hours and performance, rather than just their physical presence, is crucial for successful management.