Client was providing a lot of benefits to Employees for retaining them. HR expense was shooting to 40% of operation cost.
All employee benefits are good to give but need to viewed from a larger perspective, specially the cost factor, before implementation. It’s easy to give anything but difficult to withdraw.
We were able to bring down the annual HR expenses by 30% without effecting the Employee motivation & engagement level.
This was done within 6 months of Consultancy, where we worked on the Policies and made them more cost effective and employee friendly.