10 Ways To Control Costs With Cambridge

A smart staffing strategy can make a big impact on your organization’s bottom line. Here are 10 practical ways that Cambridge Professional Group helps reduce overhead, manage operating costs and improve organizational performance:

1. Convert Fixed Cost to Variable
The most efficient staffing model includes reducing core staff – a fixed cost – to a level necessary to maintain normal operations. Then partner with Cambridge Professional Group to supplement your staff with trained temporary personnel – at a variable cost – to meet peak workload demands as needed. This strategy is particularly effective for technical and professional projects that may be seasonal.

2. Eliminate Overtime
Overtime is an extremely expensive way to get work done. Using temporary employees from Cambridge in place of regular overtime staff can reduce labor costs by 20% or more.

3. Limit Benefits Expense
On average, employee benefits cost 20% - 25% in excess of payroll expenses. However Cambridge Professional Group provides full benefits for its temporary and contact employees, eliminating this expense for your organization and reducing your overall staffing costs.

4. Reduce Training Costs
Training is expensive not only due to the hard cost of a program, but from soft costs of lower productivity and poorer work quality with novice staff. Cambridge gives you access to well-trained and experienced temporary professionals who possess the skills you need from the moment they walk in the door. Cambridge will even create a customized initial orientation and training program for new hires going to your organization.

5. Shift Administrative Burden
When you use temporary staff instead of direct hires, all costs associated with processing and administering payroll and benefits are transferred from your company to Cambridge.

6. Prevent Unemployment Claims
Unlike short-term direct employees, temporary personnel work for Cambridge – not you. Consequently, their unemployment claims don’t affect your rating or your bottom line.

7. Reduce the Risk of Hiring Mistakes
A bad hire can cost you between two and seven times the employee’s annual salary, but Cambridge provides candidates who not only possess the skills and experience you require, but who also have the personality traits needed to thrive in your work environment. Best of all, every temporary and permanent placement candidates with Cambridge Professional Group come with our no-obligation guarantee.

8. Take Advantage of a Staffing Firm’s HR Capabilities
If hiring duties are sidetracking your key employees, then rely on Cambridge to handle screening, testing, interviewing and reference checking. Our expertise can free your personnel to concentrate on critical activities and can reduce your time to hire.

9. Cut Costs by Hiring
Capacity constraints are a significant source of productivity cost that can affect everyone from the staff to the executive level. By adding the right people – either temporarily or permanently – work will get done more efficiently with less administrative headache and for less cost.

10. Avert Costs Associated with Burnout
Many companies take the concept of “lean thinking” too far by expecting their staff to produce more and more with fewer resources. As the stress increases, so do problems with quality, productivity, absenteeism and more. Take the pressure off by using temporary employees from Cambridge, which can help your staff avoid burnout, avoid productivity losses and limit turnover expense.

For more information, call us at 800.563.6101 or 404.842.2800.