Ep. 13: Is Your Payroll Too High?

Do you feel like your payroll is too high? Well, let’s get into the numbers and actually calculate it. It is typically the largest expense category in your overhead—especially in this era of high inflation and rising personnel costs—so keeping it under control is vital for profitability. In addition to the numbers, Jeff will also cover the reasons WHY your payroll has gotten too high and how to fix it.

Topics:

0:45 – What SHOULD your payroll be, as a percentage of your total revenues?

6:25 – What to do if your payroll is too high

8:59 – 5 things that cause your payroll to be too high and what to do about them

Links:

Overhead Guidelines - https://www.mgeonline.com/overhead-materials/

Learn more about MGE - https://www.mgeonline.com/

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