Hi team,
Now since in most of the organization a major talk is on about the cost reduction. Would like to have expert comments/views on cost cutting measures in service industry wherein the margin is just paper thin....branches gets shut just to stop the erosion...in such case if the major cost is on salaries then is it a appropriate to reduce the salaries for some months till organization will have its breakeven specially for a new set up?? Kindly advice.
Regards,
Chhaya
Now since in most of the organization a major talk is on about the cost reduction. Would like to have expert comments/views on cost cutting measures in service industry wherein the margin is just paper thin....branches gets shut just to stop the erosion...in such case if the major cost is on salaries then is it a appropriate to reduce the salaries for some months till organization will have its breakeven specially for a new set up?? Kindly advice.
Regards,
Chhaya