There are very few people, if any, who like being micromanaged. The discrepancy between managing and micromanaging is simple, a perspective difference -- the perspective of the business owner and perspective of the team members.
Are you dozing off yet? See, that's the problem. Cost control sounds so one-dimensionally simple it barely seems worthy of managerial-level discussion. Maybe that's why it rarely gets the attention it deserves.
What's it going to take to do Human Resources right and make employees, and yourself, happy? The answer: More than you think, especially if you're an H.R. klutz like me.