Optimization of Wage Costs in a selected Organization

The diploma thesis deals with optimization of personal costs, mainly consisting of wage costs in organizations. The thesis is divided into theoretical and practical part. The theoretical part comprises description of individual cost components of personal costs incl. calculation examples and impact on tax deduction. The main aim of this thesis is to characterize procedures and methods of personal costs optimization in companies. Special attention had been paid to procedures and methods of optimization of personal costs that arising in companies focusing on publishing. The practical part deals with analysis of personal costs in the company of Litmedia a.s. and development thereof in the last five years. The results were compared with personal costs in a different undertaking engaged in similar activities. The final part assesses the impact of optimization of overall personal costs on the results of an organization and proposes recommendations on how to increase cost effectiveness while achieving goals of the given company