Control of the wage fund
Posted: Thu Jan 30, 2025 10:17 am
Don't forget to take care of your employees' salaries so that they can provide maximum productivity and not get paid for downtime. Consider introducing transaction-based payment and develop key performance indicators. You can redirect some employees to remote work and not pay for additional workstations.
Reduce office costs
Make a list of your administrative expenses, including utilities and business communications. Consider which ones you can cut.
For example, consider switching to a different service provider with better rates. Support employees in conserving resources. Monitor those who have a habit of leaving the lights on or not turning off the water.
Automation of production processes
Often, companies, seeking singapore email list to increase production, increase their staff, but sometimes it is enough to simply review and optimize existing production operations, supplement stocks with equipment. Sometimes outdated work processes are not reviewed for a long time, although they are ineffective and unreasonable.
Automation of production processes
Source: shutterstock.com
Consider implementing automation to streamline workflow and reduce the need for human intervention. Check out the lean manufacturing section for more ideas and approaches.
Review your marketing channels
Study the effectiveness of each marketing channel in a crisis: Internet, radio, television, media advertising, flyer distribution, etc. Analyze the costs and revenues of each channel, eliminating those that require large investments but bring low returns.
Consider government support measures
Use available government support measures to increase resilience, protect business and company costs during a long-term period of economic difficulties. This includes loan deferrals, tax breaks and privileges.
Don't forget that you need to constantly monitor your company's expenses. Maintain financial records, reduce costs, and evaluate how much profit each ruble invested brings.
Reduce office costs
Make a list of your administrative expenses, including utilities and business communications. Consider which ones you can cut.
For example, consider switching to a different service provider with better rates. Support employees in conserving resources. Monitor those who have a habit of leaving the lights on or not turning off the water.
Automation of production processes
Often, companies, seeking singapore email list to increase production, increase their staff, but sometimes it is enough to simply review and optimize existing production operations, supplement stocks with equipment. Sometimes outdated work processes are not reviewed for a long time, although they are ineffective and unreasonable.
Automation of production processes
Source: shutterstock.com
Consider implementing automation to streamline workflow and reduce the need for human intervention. Check out the lean manufacturing section for more ideas and approaches.
Review your marketing channels
Study the effectiveness of each marketing channel in a crisis: Internet, radio, television, media advertising, flyer distribution, etc. Analyze the costs and revenues of each channel, eliminating those that require large investments but bring low returns.
Consider government support measures
Use available government support measures to increase resilience, protect business and company costs during a long-term period of economic difficulties. This includes loan deferrals, tax breaks and privileges.
Don't forget that you need to constantly monitor your company's expenses. Maintain financial records, reduce costs, and evaluate how much profit each ruble invested brings.