Every chief executive is concerned with the bottom line and not for no reason. Reducing operating costs to maximize profit is the fundamental goal of any successful business. A poor profit margin can sink even the most promising of companies.
Expenses are an unavoidable reality and the cost of doing business. The trick is to pick the right things to spend money on, to maximize revenue and minimize cost. In the post-COVID era absenteeism has skyrocketed in many industries, becoming a key focus for executives who want to bring down costs.