Episode 12: Cut Labor Costs Without Layoffs
Episode Synopsis:
In this episode of Time Well Spent, we share practical steps for cutting labor costs without layoffs. You’ll hear about:
Why overtime is one of the biggest hidden drains on your budget
How to audit your overtime patterns and find root causes
Building smarter, flexible schedules to prevent costly overages
Cross-training employees to handle multiple roles and reduce bottlenecks
Leveraging technology to spot and stop overtime before it happens
Quick wins for immediate savings—like shifting high-cost work and using contractors strategically
Real-world examples showing how small changes can save thousands annually
Related Article: The Simple Trick to Cut Labor Costs Right Now