Strategy #1: Convert Fixed Cost to Variable
If your company is like most, labor is the biggest line item on your P&L. To minimize that expense consider the following steps:
- Implement a planned staffing model customized to your business cycle.
- Reduce core staff to levels necessary to maintain normal operations.
- Supplement your staff with skilled and experienced temporary personnel to meet peak production demands as needed.
This strategy is particularly effective for industrial labor as well as for technical and professional projects.
If your workloads vary in seasons or other cycles, consider scaling down your direct staff to meet demand at the low end of your business cycle.
Supplement your staff during your busier times with a “just in time” staffing solution.
Professional Staffing Group is constantly recruiting, screening, and testing candidates to add to their proprietary database who become PSG Associate employees for assignment to savvy business owners.
Savvy, because those employers understand they get a flexible workforce without the burden and costs of recruitment on their HR resources. And their unemployment claims are likely to be substantially reduced.
By implementing workforce planning, many businesses can maximize efficiency by staffing only for immediate needs at the right time with people who possess the relevant skill to meet business objectives.
Professional Staffing Group can help you craft this plan, determine your business’ needs and meet your company’s cyclical staffing demands.
Whether it’s placing a star player with a stellar company or crafting cost-saving staffing solutions – PSG makes the difference.
Let’s get started. Contact us today for a Workforce Needs Analysis.