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Saravana Kumar
Process Manager
Hr- Exe Admin
+3 Others

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Hi Friends, Please see the attachment regarding Cost-Cutting strategies.....Steps....!! Keep smiling...... mahesh k prasad

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File Type: pdf COST CUTTING STRATEGY Nov 07.pdf (37.1 KB, 3098 views)

Hi Mahesh, Such a valuable posting on Cost- cutting strategy. Good work. Cheers, Saravana Executive - HR
DEar Mahesh, thank you very much for such a good strategy steps. but would like to know more about this. can you please send me something like this which may help my company also.
Hi Shilpa, Please read carefully, all detailed process is already given. Regards mahesh k prasad 9820775178
Deat Mahesh It is very useful method and is very systmatic approach. Thanx for posting it. Regards S. Shibu
Good post there, as they say question everything. Look at your expenses. Ask yourself how each expense adds value to your organization. How does it contribute to your bottom line? What are some alternatives? Is there a cheaper/better/faster way of getting something done?
Thanks for sharing it.

Dear Friend,
There are fews more ways of cost cutting :
  • Employees should consume their avail leaves, so that no leave encasement for next 12 months
or accumulations.

  • Multitasking : To rationalize cost, look at manpower. Analyses the job of each individual. Can he / she be given additional responsibility, instead of recruiting another person, even if there is a vacancy? This would not only enrich the individual but also reduce the cost of new hire.
  • Further Recruitment should be closed.

  • Company should try to take new projects so that excess manpower can be deployed on those projects .

  • Collect and pool” all of the remaining resources. If the resource isn’t being required, determine if some training can make that resource substantially more effective to you! If so, invest in the training, and then used the resource to a high leverage project.
  • Discourage employees from working beyond office hours. It will help us in saving electricity and cost of evening snacks (if it is being provided at company expense).It will help employees to do the time management .Families of employees would be delighted to have their members back at home. A happy family rub off on employees is very motivating.

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Thank you for sharing good information on Strategy. Your contribution to CiteHR Community is useful and i appreciate the same.
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