HR Labor Cost Associate

We are looking for a skilled HR professional with experience in labor cost reduction, forecasting or simulation of labor costs, and reporting. As the ideal candidate you should have a strong background in HR analytics and the ability to make data-driven decisions that help reduce labor costs while ensuring that workforce levels align with company objectives. In this role you will be involved in generating ad hoc reports, tracking headcount, and providing insights to guide financial and operational decisions.

This position's salary starts at $60,000 annually and increases based on experience.

Key Responsibilities:

• Labor Cost Forecasting & Simulation: Forecast labor costs accurately using advanced forecasting techniques and data simulation models. Collaborate with finance and operations teams to simulate different labor cost scenarios based on business forecasts, growth projections, and market conditions.
• Labor Cost Analysis: Regularly review and analyze labor costs, welfare costs, overtime, and staffing levels. Provide insights and recommendations for reducing inefficiencies.
• Cost-Effective Staffing: Develop and implement strategies to optimize staffing levels, including workforce planning, and flexible staffing solutions.
• Process Optimization: Collaborate with department heads to streamline workflows and improve operational efficiency, ensuring the right balance of manpower to meet business goals.
• Outsourcing & Automation: Identify opportunities for outsourcing and automation that can reduce dependency on labor costs while maintaining quality and service standards.
• Compensation Strategy: Assist in the development of competitive yet cost-effective compensation strategies, ensuring alignment with market trends and company budget.
• Employee Engagement & Retention: Focus on maintaining employee satisfaction and morale while working to reduce labor costs, ensuring a stable and engaged workforce.
• Compliance & Risk Management: Ensure all cost-reduction strategies comply with labor laws and regulations, overtime laws, or other legal requirements.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, or a related field.
• 3+ years of experience in an HR role with a focus on labor cost management or a related field is preferred
• Understanding of labor cost structure, workforce analytics, and performance optimization.
• Proven experience in implementing labor cost-reduction initiatives and achieving measurable results.
• Excellent Microsoft Excel skills.
• Ability to collaborate across departments to drive cost-saving measures while maintaining an organizational culture.
• Knowledge of HR best practices.