Tuesday, June 2, 2009
How recent layoffs may be costing you
Working overtime, however, is an expensive way to get work done - often costing companies approximately 20-25% excess of payroll.
In addition, there are also indirect costs associated with understaffing, such as employee burnout, lower morale, operation/production defects, and turnover.
One cost effective solution is to utilize temporary staffing. Temporary staffing allows firms to quickly add and reduce people based on fluctuating/seasonal market demands. This flexibility helps firms keep productivity at more efficient levels by eliminating unnecessary overstaffing.
Because the temps work for the staffing agency, you are also not responsible for their payroll, benefits or unemployment claims. Therefore, these expenses do not affect your firm's bottom line.
Creative Financial Staffing (CFS) is the nation’s largest, privately-held accounting and financial staffing firm. We provide qualified accounting and finance professionals on a temporary and permanent basis across a broad range of industries.
Visit our website: http://www.cfstaffing.com/