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Figure out a way for key employees to self-finance their payroll cost via increased sales and/or increased efficiency.
Though neither Automated Insights nor Narrative Science has yet fostered a lasting relationship with a newspaper, Hammond says their technology could automate 20percentt of a paper's content -- the financial, sports, and real estate sections plus some entertainment stories based on box office numbers -- for a fraction of the payroll cost.
Payroll Burden (overhead/taxes) has been excluded from the Profit and Loss table based on the fact that payroll cost and taxes were pre-calculated and included in the personnel plan table.
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Let's say our payroll costs us $2 billion.
So 2.5% of payroll costs will now be used for training.
Partly, it's a matter of incentives: store managers are typically evaluated on their payroll costs.
It required employers to set aside 34 cents for every $100 in payroll costs.
Retailers can also reduce payroll costs because fewer employees are needed.
It would refund 15 percent of new payroll costs in 2010 and 10 percent in 2011.
The simple story is that Nassau is being crushed by exorbitant payroll costs.
"To all of a sudden whack 6 to 7percentt of payroll costs, forget it," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com