4 Simple Ways for HR Officers to Save Big

4 Simple Ways for HR Officers to Save Big

A 14-year-old kid suggested that the US government could save millions per year in printing costs by switching fonts from Times New Roman to Garamond. An airline saved tens of thousands by removing one olive from the salads of its first class passengers. HR officers can save easily as well with these 4 simple tips.

As a facility owner or operator, here are a couple of simple equations that can help your facility save big.

Healthcare fund

1) Eliminate overtime.

    15 minutes early arrival
+ 15 minutes late departure
x Several days per week
x Time-and-a-half salary
x Multiple employees
      Tens of thousands of dollars in salaries

 

2) Avoid excluded individuals.

1 OIG-excluded employee
+          1 misspelled name
+          1 HEAT inspection
Tens of thousands of dollars in fines

 

3) Terminate the terminated.

  Several terminated employees, unreported
x Several months of undeserved benefits, paid out
+ Messy COBRA backlash
Tens of thousands of dollars in benefits payouts

 

4) Pay out for sick days.
 

Several unused, soon-to-expire sick days
x   Dozens of employees
x   Time-and-a-half salaries for substitutes
Tens of thousands of dollars in overtime salaries

About Frank Strafford