Creative Staffing Solutions

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Creative staffing solutions can include outsourcing specialists from other countries or hiring short-term employees from a contract agency for a specific task. Stay in budget when staffing a company with information from a portfolio manager in this free video on business strategies.

Part of the Video Series: Business Strategies
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Video Transcript

Are you getting the most out of your labor bucks? Hi this is Roger Groh with Groh Asset Management what does it really mean? It means for every dollar that you spend on labor, are you getting the highest return possible? It might mean, looking at the gap between what it costs to hire an engineer in China versus the United States and outsourcing to China. It might mean hiring a short term employee from a contract agency to do a job. It might last a day or a week or a year or two years but a contract employee, as opposed to a full time employee. It might mean wanting the ability to just fire an employee immediately with no liability, and in a contract situation certainly you can do that. Last but not least you may want to just be able to define exactly what your labor costs are going to be, and to have the ability to vary those labor costs quickly depending upon where you are in the business cycle. But it is not just about cutting cost it is about productivity. So we have all had the experience of trying to call an eight-hundred number and getting a farm voice where they are just not trained well or not helpful. That just makes me mad when that happens. There is nothing better than speaking with an informed employee, so like always it is not the cheapest employee it is the best employee. I am Roger Groh at Groh Asset thank you very much for spending time with me.


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