Sentences with phrase «own labor costs»

Companies such as Uber and Instacart stand to save a ton of money on labor costs — up to 40 percent, according to one study — by continuing to classify their workers as independent contractors rather than as employees.

Press releases are free to create (minus your personal labor cost) and free to send out to any organization, be it professional or news - oriented.

To help lessen the effect of these rising labor costs and to attract a tech - savvy generation, CKE is turning to technology and looking into options for mobile ordering as well as tablet ordering within its restaurants.

Puzder named ethanol regulation, which has resulted in higher beef costs, a rising minimum wage and higher labor costs due to Obamacare as three obstacles that make doing business in the U.S. more difficult than in the past.

«These companies are moving out of Asia and coming to Africa to save labor costs,» said Fitsum Arega, who recently stepped down as head of the Ethiopian Investment Commission to become an adviser to the new prime minister.

It will also have to negotiate increased pressure on labor costs, with unions having called for a strike on Feb 22 to support demands for a 6 percent pay increase.

They could be related to rate concerns, labor costs, union issues or a myriad of other things.

While complete automation will be challenging, as recruits do need to be examined by authoritative figures within your company, the help with this initial screening process will most likely significantly cut labor costs.

But rising labor costs and slow growth in overseas demand left Pan with no choice but to sell the business to a bigger textile manufacturer with a domestic focus, in the hope that new capital can keep it afloat.

That would temporarily boost the area's competitive position on world markets because it would amplify the advantages of declining unit labor costs.

These manufacturers are taking advantage of Spain's falling labor costs and newly introduced measures of flexible labor markets.

And globalization certainly has its benefits for U.S. companies — chiefly lower labor costs and greater market access.

Because many companies employing low - wage workers face too much competition to pass the increased labor cost on to customers, a higher minimum wage would mean lower small business profits or costly investment in labor saving equipment.

We all know labor costs are much lower in China and other developing nations, but protections for workers were also modest.

Most benefits may come not from reducing labor costs but from raising productivity through fewer errors, higher output, and improved quality, safety, and speed.

Project - based accounting is a critical aspect because labor costs are a key part of any job costing system.

If you have trouble with numbers, are not sure if you're setting up forecasts and budgets correctly, or need help understanding whether or not labor costs should be cost of goods or expenses, for example, your accountant should be able to help.

And because the final price of many products that Americans buy is made up mostly of the labor costs associated with production, wages are a very important driving factor of inflation.

Although the South Korean unit has been hobbled by labor costs and hurt by GM's decision to pull its Chevrolet brand from Europe, a key export market, any decision on whether to pull the plug on the unit will not come easy for GM Chief Executive Mary Barra.

Furthermore, it contributes to higher labor costs, by as much as $ 3.2 billion.

You don't start out with labor costs other than yourself.

Labor costs were low, too: The going rate for a hotel manager was just $ 400 a month.

«Our [point - of - sale] system gives percentages, and every night I look at lunch, dinner and our labor costs,» he says.

Gergawi said studies estimated the technique could cut building time by 50 to 70 percent and labor costs by 50 to 80 percent.

When designed well, putting customers to work can save labor costs, reduce human error, and even save the customer time and money.

He reasoned that labor costs must be low and, because of the abundance of straw wrappers, demand must be high.

It's not just that Baxter could save labor costs by replacing a human employee.

Our restaurants will no longer be viable if labor costs rise above 35 percent of revenue.

At $ 22,000 each — less than the price of a minivan — it could easily pay for itself in months, saving a company $ 30,000 a year or more in labor costs per robot.

A group of companies that spend the least on employee pay has outpaced a basket of high - labor cost stocks by 13 percentage points over the past year, according to data compiled by Goldman Sachs.

Five companies in the High Labor Costs basket that have the highest implied labor cost as a percentage of revenue: Darden Restaurants (44 %), Fiserv (41 %), Automatic Data Processing (40 %), CSRA (40 %), Stericycle (36 %)

On the other hand, profit margins are on the decline, and it may be hard for companies to stomach larger capital expenses, especially with labor costs already putting pressure on bottom lines.

Right now, labor costs in each of our restaurants average about 26 percent of revenue.

That will eliminate more jobs and allow us to reduce our labor costs.

The majority of the best cities were located in the Midwest and east of the U.S. Carbondale, Illinois, came in second and also has the lowest labor costs with a median annual income of $ 17,764.

Cities across the Midwest made the list of best places overall for starting a business, and several ranked high in categories including cheapest office space and lowest labor costs.

With the economy already at full employment and more and more signs of higher wage and unit labor cost inflation, the risks are rising that it will be PCE moving up to CPI.

With the deal, JAB is scooping up a consistent restaurant chain that has posted steady comparable - restaurant sales and rising revenue at a time when many restaurant chains are hurting due to high labor costs and weak traffic trends.

SEOUL, March 27 - General Motors said its loss - making South Korean operations would file for bankruptcy if its union did not agree to cut labor costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue plan.

Carrier announced earlier this year that it planned to close the factories and move manufacturing jobs to Mexico, a change that was estimated to save parent - company United Technologies Corp. $ 65 million a year, in large part due to reduced labor costs.

Our food costs are on the higher side, so I wanted labor costs to be on the lower side.

If on average $ 40,000 worth of direct - labor costs produces $ 100,000 in sales, for example, the markup factor would be 2.5.

Coastally located with cheaper labor costs than many regional neighbors, relocating manufacturing to Vietnam will increasingly be a no - brainer.

Franchisees will also keep a sharper eye on the expense side of the equation — on labor costs, theft (by both employees and customers) and any other line item expenses that can be reduced.

«Firms with low labor costs should be most insulated from accelerating wages, a trend that our economists expect will persist in 2018.»

Cyclical names and companies with relatively low labor costs may be some of the best bets, according to Goldman's David Kostin.

«Firms with low labor costs should be most insulated.»

Average monthly sales were up 30 %; on - time delivery was up to 97 %; labor costs had dropped.

To drive down labor costs, a company replaces a regulated, protected class of worker (members of a union) with a non-protected worker (by relocating to non-union states or countries with a lower labor cost).

Substantially lower labor costs have enabled the company to produce cheaper cameras and counter the Japanese in most foreign markets.