In today’s briefing:
- Maintaining Labor Productivity by Cutting Working Hours Was Effective but Risks Should Be Considered
Maintaining Labor Productivity by Cutting Working Hours Was Effective but Risks Should Be Considered
- Many companies have worked to ensure labour productivity by curbing personnel costs by reducing work hours and shifting from full-time to part-time workers, as well as by controlling depreciation.
- Maintaining labor productivity by converting to part-time and reducing working hours of full-time employees has been an effective measure to ensure operating profits margins, but it also carries risks.
- Personnel cost/sales have bottomed out in 2018 and are on the rise. With cost structures changing dramatically after the economic reopening, controlling labor costs will be more difficult than ever.
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