In a recent study by Watson Wyatt across multiple industries, the common concern by many organizations was the changing cost structure. Translating this concern from a human capital perspective is the cost of labor and the need to have flexibility with changing business environment. The fact that the labor cost significantly contributes to the operation cost in most of the industries, a discussion on how to improve the flexibility of labor cost is timely and relevant. Multiple aspects of incentive design could effectively improve the flexibility of labor cost structure and we will evaluate the possibilities and limitations.
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