Working to Make Your Business More Profitable

Thursday, June 4, 2009 by Andy Kuhn


At Management 2000 we are always looking for solutions to help you run your business more efficiently and increase your profits.
Recently we have been doing an analysis of turnover for a client that has uncovered several opportunities to save money and time. The key findings were that over 60% of termed employees for the year termed before completing 6 months of service, the positions that made up the majority of the terms was identified and it was identified that over 70% of the terms were involuntary.

From this we were able to provide several solutions, a couple of examples are below:
  • Lengthen the waiting period for employee medical benefits, this is a dollar and time savings (benefits premiums and time devoted to enrollment meetings).
  • Review the interview/hiring and training process to help reduce the high turnover and consequently reduce the SUTA rate.
This is just another example how Management 2000 provides HR strategies and support to our clients.




Comments for Working to Make Your Business More Profitable

Leave a comment





Captcha