Did You Ever Stop to Realize??Posted by HelenaNelson on May 9th, 2018 If you ever had a chance to think about it, you’d realize that whenever you hire a .00 frontline hourly employee it is the same investment as if you were to buy a 0,000 house! (Your monthly cost would roughly be the same; 40-hour employee = ,600/mo. wages; 30 year mortgage loan payment = ,600/mo.) That’s precisely why you need to choose your next employee as carefully as you would a new home.
While both “purchases” represent an ongoing outflow of about ,600.00 per month, the employee comes with all kinds of added costs, including training, management time, supplies, etc., as well as the fact that the employee’s costs will rise over time. This is precisely why managers should “shop” carefully, evaluate every hiring decision as the long-term liability it is, and ask if the cost of the new asset will be more than paid for by the returns delivered. For more info visit our website: http://humetrics.com Like it? Share it!More by this author |