Think Outside the Box
A Periodic Challenge: New Mindset, New Results

A Cost-of-Labor Portfolio “What is our average compa-ratio Jim?” asked the CEO as I sat down to report on our annual focal exercise. Having been through enough of these meetings over the years, of course I had the answer; as a matter of fact, I had it calculated not only for the whole company, but for each division, each country and each corporate function. But I didn’t want to just spout off the answer, I wanted to educate him about how to think differently about his labor costs. Unfortunately, he had worked with enough compensation professionals over his storied career…