4 Ways to Reduce Your Staffing Firm’s Operational Costs
avionte, Avionte Staffing
Driving revenue is always important, but your ability to reduce the cost of doing business is equally critical to your firm’s profitability. Every staffing firm is different, but there are commonalities among those that operate the most efficiently and cost-effectively. Consider these proven ideas to evaluate your current processes and identify areas for improvement.
Track Employee Productivity
Do you know who your top performing individuals are? Can you put your hands on the latest data on your fill rates or revenue per desk? Establish metrics and benchmark your staff against them. Give top performers the support they need to continue to excel, train those who are falling behind and make tough decisions about poor fit employees. These steps will serve to improve productivity and morale.
Look for inefficiencies in your systems and find methods to improve them. Automate what you can, and consider solutions that allow you to integrate your various front and back office functions. Today’s staffing software can allow you to handle everything from applicant tracking to claims processing to obtaining funding in one simple solution.
If your contractors are still tracking time manually, chances are you are hemorrhaging cash. Keeping track of paper timecards, and getting them verified and approved is time-consuming and often inaccurate. The same goes for invoicing. Do you have a simple system that allows you to track receivables and bill your clients? Look for integrated software that provides employer and employee portals to manage these tasks quickly and accurately online.
Are you certain that efforts are not being duplicated throughout your organization? Are your sales people missing follow-up calls? Are data entry mistakes causing problems? Are you losing track of your documentation? Look for solutions that allow you to touch each action item only once and consolidate your information in one location.
At Avionté, we provide solutions for staffing firms that help you to operate more effectively and keep your operational costs down. Our comprehensive staffing software delivers integrated software systems that make it easier to drive growth, maximize profitability and streamline your administrative tasks, so that you can focus on your serving your customers. To learn more about the many benefits of Avionté staffing software, contact us today.