Five Ways a Strategic Staffing Plan Will Reduce Your Costs

The purpose of a strategic staffing plan is to hire and retain people who can perform jobs that align with your company’s goals, improve workforce flexibility, and ensure your company is operating at peak efficiency. As a leading Kansas City staffing agency, Morgan Hunter can tell you that, as a result, your company will be better prepared to weather challenges and take advantage of new opportunities, all while lowering costs.

Here are some specific ways in which a strategic staffing plan can help you save:

 #1. Less fixed expenses.

When you have a strategic staffing plan in place, you know how many people you need – and at what skill level they must be – to operate at maximum efficiency. As a result, you may realize that you can actually sustain your core work with less staff than you thought, cutting your fixed expenses in the process.

#2. Better hiring decisions.

Having a strategic staffing plan in place not only helps to improve the quality of the talent pool you’re pulling from, but it also helps you determine that you really do need to hire in the first place. As another added bonus, when you hire people who are high quality and a good match for your company’s needs and its culture, you’re far less likely to experience high turnover as a result.

 #3. Reduced operating inefficiencies.

If there are certain functions within your organization that are inefficient, you may be better off outsourcing them to experts. A strategic staffing plan can help you determine those areas in which you can reduce expenses and instead, get your staff focused on core competencies.

 #4. Limited benefits costs.

Benefits take up a huge portion of payroll costs. But when you staff strategically – and bring in temporary, temp-to-hire, and part-time workers, you can add capacity without taking on these added expenses. This is a particularly beneficial as the Patient Protection and Affordable Care Act, also known as Obamacare, begins to be implemented.

#5. Reduced training costs.

With strategic staffing, you can bring in temporary employees with the skills you need to get the job done, reducing the learning curve and training costs associated with new hires.

Need more help developing a strategic staffing plan for your company?

If you do, call Morgan Hunter. As a leading Kansas City staffing agency, we can work with you to evaluate your current workforce and staffing challenges – and create a strategic plan that helps you access the talent you need, while lowering your employment costs. Contact Morgan Hunter today to learn more.