Outsourcing tasks seems like a great way to save money, but is it? In this video, learn the hidden costs of subcontracting and how to make better decisions about your workforce.
- The next cost reduction subject I just want to look at … is sub-contractors. … Is it cheaper to put something out to sub-contractors, … and sometimes it is, but I would be really careful … about sub-contracting because I think there are hidden costs … and it might not really be cheaper. … I think you got to be very careful … about using sub-contractors on a long-term basis, … so getting somebody in to do a day of training, … then okay fine, why not, because you probably can't have … an internal trainer who's going to be fully utilized … doing training courses every day, … so to get a guy in for a day, … or a lady to do a training course, why not, … but if you've got consultants … or whole departments contracted out long-term, … you might have consultants in for months or even years, … or contract out a whole department, … that starts to be lot of money, … and I would really, really question that, … and a way to save money if you got consultants … or contractors, is just to cancel them. …
- Different cost areas affecting your business
- Comparing cost vs. income
- Enhancing your work environment
- Focusing on the most important management tasks
- Getting better deals on raw materials and labor
- Recognizing your optimum quality level
- The hidden costs of subcontracting
- Where to avoid cutting costs
- Top ten cost-cutting actions to take
Skill Level Beginner
What to expect1m 3s
1. What to Reduce
2. Reducing Labor Costs
3. Costs Other Than People
4. Top 10 Tips
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