The correlation between labor costs and profit margins In today’s competitive market, increasing sales revenue might seems to be the only viable way that can increase profit margin. But as we all know, at times, one’s business revenue might be much affected by various external factors. Therefore most business owners strive to find another way to control their profit margins. This is why most business owners then turn internally to control their labor costs, from time tracking to payroll. For most business owners, managing labor costs is probably one of the most important and difficult aspect in running any business….
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