Wage costs represent significant part of the corporate
expenditures. While employers are interested in decreasing these
amounts, it is hardly reconcilable with employees' interests to
achieve higher salary. Given that salary is one of the most
important motivating force, besides complying with the Labour Code,
employers should avoid demotivating their workforce. In this short
summary we gathered 5 tips how you can reduce your company's
labour costs without demotivating your employees and violating the
Labour Code.
- Pay for
performance
You can establish the salaries on a performance basis or by the
combination of time and performance basis. In this case the
employer shall determine performance requirements based on
preliminary and objective surveys and calculations and the amount
of the salary depends on the fulfilment of these requirements.
