Image Page 2 Image 0001

Successful Product Development: Part 1—Costs and Profit Impact of Product Development: Cost of Personnel

Product development is a strategic investment in future profits, so it’s important to understand the costs of your product development strategy compared to the benefits realized. Unfortunately, most companies often under-account for the true cost of labor. In this paper, we take you beyond salary and benefits to help you understand the true annual cost of your personnel.