Tag: cost of labor

Are your labor costs spiraling out of control? The average business spends 25-30 percent of its gross sales on paying salaries and other related expenses. In fact, labor is often the largest expense in most established businesses. To stay in business, you have to control your labor cost. Doing so, however, is easier said than done. Hire too few workers and the operational efficiency of your business will take a hit. Hire too many workers when your business expands and you could soon end up with a bloated wage bill. So, what...