3 ms·
Or another thing that just came up on HN today... "Excess Management Is Costing the U.S. $3 Trillion Per Year" https://hbr.org/2016/09/excess-management-is-co
by jrochkind1 4y ago
Or another thing that just came up on HN today...
"Excess Management Is Costing the U.S. $3 Trillion Per Year"
https://hbr.org/2016/09/excess-management-is-costing-the-us-3-trillion-per-year https://hbr.org/2016/09/excess-management-is-costing-the-us-...
> Here’s the arithmetic. According to our analysis of occupational data provided by the U.S. Bureau of Labor Statistics, there were 23.8 million managers, first-line supervisors, and administrators in the American workforce in 2014. (This figure includes both the public and private sectors but does not include individuals in IT-related functions.) That works out to one manager and administrator for every 4.7 employees. Overall, managers and administrators made up 17.6% of the U.S. workforce and received nearly 30% of total compensation.