With the onset of Covid-19 and the changing landscape of so many industries, companies everywhere are seeking ways to reduce their operating costs to help make up for the lost profits they may incur. Running a staffing agency can be costly. Fortunately, there are several key adjustments that can be made to reduce costs.
Here are some tips to reduce operating costs in your staffing business across several key areas of the company.
Offer Employees Work Flexibility
Rather than rush your employees back into the office who have been working from home due to Covid-19, consider the following.
When your employees are all at work, they’re using a lot of energy and appliances throughout the day. From their workstations to communal areas, you’ve got lots of elements in the building that are all running up the utility bills, and that can be a mammoth chunk of your profits gone over the course of a year.
It’s important that you put things in place to help reduce the amount of usage and that can be helped with employees’ work flexibility. By offering staff the opportunity to work from home on occasion or as part of their contract, it might help you to save some money in the process. It’s also going to be handy for those staff members who need to be at home sometimes for the sake of their family or personal commitments that require them to be at home.
Get Smart With Your Energy Usage
Energy usage is something we all need to pay, whether you’re running a business or paying towards the running of your home. So why not get smart with your energy usage by shopping around for different providers and using a smart meter to figure out what appliances are sucking up the most of the energy. Chances are, you might be able to make a few changes in order to help make everything a little more cost-efficient. From installing a steam condensate pump or having hallway lights on a timer so that they’re simply not being left on constantly.
Outsource Where Possible
Outsourcing is a great way of saving money, and when it comes to running costs in the workplace, staff pay factors into that. Try where you can to outsource as many things as you can before you start hiring more staff. Outsourcing can be a much more affordable way to save on costs until the time is needed where that task might need more man-hours than what’s been provided. Look at the areas where you need support, but you’re not yet at the point where you need more staff in-house.
Go Green in Your Staffing Business
Going green is a great way to show other companies that it’s important to be environmentally conscious. There are many ways to go green, one of which is going paperless. By reducing the amount of printing you do, you save a lot of money on running costs of printers, the cost of paper and ink also. You can also practice better recycling, and so hopefully you end up wasting less and reducing the amount of rubbish you throw out, hopefully wasting fewer trash bags.
Reducing operating costs in a staffing business can be done, so look at the ways you can make that change for your own company. Doing so will set your business up for success, even during tough financial times like during the Covid-19 pandemic.