Labor costs have risen by 25% in recent years 📈

How do you deal with this in your company? 👇🏻

Our CEO Linsay Leroy takes a closer look at the subject and provides you with a few pointers:

Successive statutory wage indexations
The shortage of jobs means that we need to attract and retain talent, and salary is one of the levers we use to do this.

Loss of competitiveness on its rates, thus automatic loss of sales to more affordable competitors
The economic situation, in both BtoC and BtoB, does not allow for 25% greater purchasing power, risk of abstention from purchasing despite need or default on payment
With a few exceptions, this option is not economically feasible.

-> It all depends on the type of activity!

Investments are required to increase sales (communication, sales, etc.).
If fixed costs are greater than staff costs, this may be an option.
Given the rising cost of raw materials, energy, machinery, etc., few companies will be able to opt for this solution.

Improving communication between people and departments through a continuous flow of information (double encoding, searching for information, loss of information and skills through turn-over and oversights, etc.).

Automate tasks energy guzzlers :

HR Department : administrative management such as contracts, salaries, advance payments, absence and leave management, etc.
Sales department : customer communication, automated billing, easy and transparent follow-up
Operational department : anticipation of needs (HR, purchasing), planning tools
Financial department : injection of operational data into accounting, intelligent tools such as OD or FA dictionaries, or ODs directly in the balance sheet, automated reminder letters, etc.

Linsay Leroy - CEO at Multios

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