How to reduce or control labor costs on a project?

[Shavkat]

We are living in the modern world now. It has been an issue that automated machines or AIs will be used massively in every manufacturing companies in the future. In fact, some companies had started to take advantage the usage of these modern machines. In time, it will replace the workforce. If it happens, it will surely decrement the labor cost.

 

[IB D]

The truth is that AIs are automated. They would not replace humans. They would only assist and make the work easier. It is a good thing to happen to the labour force.

 

[Heatman]

We are living in the modern world now. It has been an issue that automated machines or AIs will be used massively in every manufacturing companies in the future. In fact, some companies had started to take advantage the usage of these modern machines. In time, it will replace the workforce. If it happens, it will surely decrement the labor cost.

Using of technology in business is something that is very common today and it's even affecting the number of labour that is now being used in business. This is because machines actually does a lot of work that will require too many labour to carry out.

 

[IB D]

Using of technology in business is something that is very common today and it's even affecting the number of labour that is now being used in business. This is because machines actually does a lot of work that will require too many labour to carry out.

I still believe that machines and AI wouid be deployed to help humans achieve greater efficiency in their job roles. It would be impossible for AIs to replace humans.

 

[Magnus2022]

Use of modern technology like AI or automated systems can help to reduce cost by displacing human involvement in manufacturing. While it is possible to reduce cost by replacing human resources with machines, it will definitely bring up other expenditure like more energy consumption, employment of engineers, buying sparts parts, maintenance etc

 

[cherry123]

Labor Costs are the expenses incurred with the workers on the workplace. it's to employ only good hands that will work efficiently than employing more people that will be redundant

 

[nomad]

If you hire a staff who is able to do multiple tasks when required, you will be able to control labor costs. For instance, you can hire a person who is good with graphic designing and copywriting, instead of two people.

 

[Springtime]

You may reduce or control labor costs by automating or outsourcing certain tasks; provides training to workers to enhance efficiency to avoid overtime work; treat your workers nicely by providing a good work environment and competitive salary to reduce turnover. To hire new staff, you need to spend money and time in recruiting, interviewing, training and bringing productivity of new workers up to speed.

 

[jetsaints30]

We are living in the modern world now. It has been an issue that automated machines or AIs will be used massively in every manufacturing companies in the future. In fact, some companies had started to take advantage the usage of these modern machines. In time, it will replace the workforce. If it happens, it will surely decrement the labor cost.

I agree. The rise of automated machines in the manufacturing industry is trend right now while it may lead to a decrease in labor costs it can also presents the challenges for workers who may lose their job as businesses adapt to these changes.

 

[eldavis]

True though but most of these machines are extremely expensive and most companies might not be able to afford it. Especially companies in third world countries, things are pretty cost back.

 

[IB D]

You would just need to find alternative approaches at every step of the project. Assess the cost and explore alternative constantly throughout the projects lifespan.