Strategic changes in business operation would drastically reduce the costs of doing business.
Virtual Staff Benefits
For most businesses these are the top items on the expense report:
Real Estate/Office /Space Rent Payroll (and Turnover) Maintance Up Keep/Equipment
By taking your business to the Cloud and utilizing virtual staff, you reduce office space. In Manhattan at $1773 per square foot, its substantial and although it may not be at that extreme at other parts of the country, this is identified as the highest cost for most businesses next to their Payroll.
Payroll its self is a large expense but when you accumulate the Turnover cost and Hiring Cost, it becomes a poison in your businesses profitability.
The US economy loses over 11 Billion Dollars to Turnover which makes the need for creating a sustainable human resources plan a priority.
Planning your workforce with remote staff, expands your talent pool beyond your region and gives your businesses an edge in being able to obtain top tier talent at moderate salaries.
The Work-Life Balance created in virtual remote positions gives way to happier employees, which studies show work longer and more efficiently, completing more tasks in less time.
Virtual Staff Benefits
Cut business expenses in a variety of areas, improve productivity, reduce payroll which all leads to better profits.
Efficient and more Productive
Studies from corporations and Universities over the last 20 years all show that virtual workers are more efficient and productive.
Employers & Employees are making a move to working from home & enjoying the benifits that remote work offers both company, candidate & customer.
Reduce Turnover Increase Retention
Lets start here, what are the top 2 expenses on your companies expense sheet? We can help with both.
A variety of applications & software allow teams to work flawlessly, setting goals & communicating to achieve a common goal, reducing the enviromental impact.
High Caliber Candidate Pool
Expand the available candidate pool beyond regional lines, and hire top tier candidates.
The Cost of a Hire
Cost per hire (CPH) is the total amount of money spent by an employer throughout the entire process of a new hire. This is calculated for each position filled.
The overall goal of the employer is to reduce the CPH, so that the return on the investment is greater.
This is especially devastating if the hire ends up being the wrong fit, so there is a lot to take into consideration when calculating CPH.
Actual Hourly Cost
Costs matter. Spending matters.
That extra hour at the end of the day, the 40-hour project, the two-hour meeting with 12 people that accomplishes what could have been accomplished by three in half an hour
It's good to know what that really costs.
|| Entrepreneur - 5 Ways Telecommuting Saves Employers Money ||
Reasons for Employee Turnover
Change is inevitable, but it can be costly for your business.
Employee turnover is an element of change that directly affects your bottom line.
As such, it is important to identify the motives of departing workers and devise an effective retention strategy. Here are four of the top reasons many good employees resign.
Eliminate Major Business Costs
You’ve probably been thwarted by the logistics and expense of finding office space, a receptionist, administrator and all the software that goes along with a successfully-run firm.
However, these impediments are no longer deal breakers for your next big career move.
Silicon Staffing has made the commitment and knowledge to help firms and solo practitioners save money and make the transition to a virtual office taking advantage of virtual staffing benefits, while gaining efficiency in the process.
Candidate Recruiting Process
Work Life Balance - Why it Matters !
You’ve probably also heard a lot about work-life balance. And you’ve read an article or two about the challenges of employee retention in the changing economy.
What you may not have seen is something that pulls all of this information together.
Why, exactly, is work-life balance so important for millennials—and other workers, for that matter—and what does that have to do with retention? LEARN MORE