Please help me to draft an email to employees for cost reduction during the lockdown, in a motivating way with a commitment to pay the deducted amount in a specific period according to their performance. Earn your salary kind of policy.
From India, Delhi
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From India, Delhi
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Can someone please suggest policy for cost reduction with salary brackets and percentage of deduction with mail message to all employees within today only
From India, Delhi
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From India, Delhi
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Dear Rammy2179,
You have not mentioned the nature of your industry, the finished product, how the sale of your product or services has been impacted by the COVID-19 pandemic, or the percentage of employee costs against the total cost, etc.
One of the simplest cost reduction techniques is reducing wages and salaries of employees in the company. However, this approach can also decrease employee morale.
If you are part of the manufacturing sector, there is significant potential for cost reduction by managing the supply chain, both upstream and downstream.
Additionally, improving inter-departmental coordination can lead to cost reduction. Sometimes, there may be duplication of work, process overlaps, communication gaps, and other inefficiencies.
The potential for cost reduction mentioned above is often overlooked as it is invisible. On the contrary, reducing staff salaries is more visible and tends to take priority.
Thanks,
Dinesh Divekar
From India, Bangalore
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8217You have not mentioned the nature of your industry, the finished product, how the sale of your product or services has been impacted by the COVID-19 pandemic, or the percentage of employee costs against the total cost, etc.
One of the simplest cost reduction techniques is reducing wages and salaries of employees in the company. However, this approach can also decrease employee morale.
If you are part of the manufacturing sector, there is significant potential for cost reduction by managing the supply chain, both upstream and downstream.
Additionally, improving inter-departmental coordination can lead to cost reduction. Sometimes, there may be duplication of work, process overlaps, communication gaps, and other inefficiencies.
The potential for cost reduction mentioned above is often overlooked as it is invisible. On the contrary, reducing staff salaries is more visible and tends to take priority.
Thanks,
Dinesh Divekar
From India, Bangalore
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