When does low-wage employee become costlier

The article explores the shift in perspective toward employees in Gulf workplaces—from viewing them as operational expenses to considering them as strategic assets contributing to the company's growth. It clarifies that focusing solely on salary as an indicator of employee cost is a strategic mistake, as the true expense includes training, equipment, workspace, and other factors that determine the actual value of the employee. The article also demonstrates that a high salary does not necessarily mean the employee is the most expensive or the most productive, and that technology and artificial intelligence have enhanced the value of capable employees, whereas employees resistant to change may become burdens and incur additional financial costs for the company. It emphasizes the importance of measuring value based on performance results and productivity, rather than hours worked. The article affirms that investing in training and developing employees yields greater benefits, especially in the era of information technology and digital transformation. A culture has emerged that recognizes employees as a key source of innovation and sustainable economic growth, despite challenges related to changing organizational culture and the evolving skill requirements for staff.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article