WOMEN IN BUILT
THE HIDDEN COSTS OF MAKING THE WRONG CHOICE The cost of selecting the wrong service provider or accepting inferior service can be crippling , especially when compounded with the challenges that businesses face in today ’ s times . When a partner fails to gain a proper understanding of their client ’ s businesses , this exacerbates the client ’ s risk instead of alleviating it .
Lack of experience in handling human resources ( HR ) or industrial relations ( IR ) matters pertaining to staff results in downtime , lost productivity and often costly litigation , which can have catastrophic financial implications for the business .
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SpencerDavis . | Unsplash
The cost of selecting the wrong service provider or accepting inferior service can be crippling , especially when compounded with the challenges that businesses face in today ’ s times .
RACA Journal I March 2023
THE REAL ADVANTAGES The right partner will ensure that they fully understand their client ’ s business by immersing themselves in the daily operations and proactively mitigating identified risk areas along with providing a full range of labour-related services that ultimately benefit the client .
Businesses gain the advantage of agility and flexibility in staff overhead costs , along with the ability to rapidly scale up or down the staff complement required to meet operational demands in a compliant , efficient manner . This comes with the cost benefit of paying the provider at least 30 days from invoice while staff continue to enjoy weekly pay cycles . This affords the client much-needed financial breathing room while they wait on payment from their own customers .
In this way , the client can turn their focus solely to their core business knowing all staffing requirements will be handled quickly and with full compliance to all labour laws . By taking a vested interest in the business , the provider can supply staff that are aligned with the client ’ s company objectives and values .
In addition to shouldering the cost and risk of their client ’ s staffing requirements , the chosen provider will work with the client to further reduce costs and implement cost saving measures without negatively affecting service delivery . This is based on a genuine appreciation for the fact that any business willing to outlay capital in outsourcing the staff component should be shown a return on their investment .
When choosing a service provider with which to partner , it should be a priority to find a company that is reputable and that leads with not only compassion , but integrity , honesty and transparency in their costs and service offering . Such a provider should have their clients ’ and workers ’ interests at heart , while focusing on service delivery and not just their own profitability . When the right provider is chosen , the value gained from the partnership will far outweigh the cost of their service . RACA www . refrigerationandaircon . co . za