We are sliding into the deepest recession with an ever increasing unemployment rate, increasing crimes and felonies across the UK and many companies streamlining their businesses to cover costs.
We are sliding into the deepest recession with an ever increasing unemployment rate, increasing crimes and felonies across the UK and many companies streamlining their businesses to cover costs. When streamlining your business, it is important to remember to knock-on effects that may concur when cutting back on certain services. It may be more costly in the long run to end some contracts. The retail and construction industries are being hit most severely and the kneejerk reaction is to cut outsourced services. The security sector, however, usually performs admirably in recessions due to the nature of the financial downturn and that some people become desperate and theft becomes a rising statistic. With the ever rising risk that stock could be stolen then surely it is advised to retain a security services company at the best price. This is advised, but does the cheapest company offer the best service of security.
Before contracting a new manned guarding firm or security services provider it is wise to research all the big and small companies, to see if those companies can customise their offerings towards your firm. Hopefully this article can aid your decision making process to help you make an analysed and assessed decision as to which security services company to choose.
Firstly, make a list of all of your requirements you expect from a security company then research all of the security companies out there, making a short list in the process. It is important to acknowledge the company profile, knowing how many years they have been in the business and knowing how dependable the company is, i.e. does the company issue extensive training and licensing programmes to their employees? A security services contract will be based on trust at times, so you will need to know how dependable the security provider is.
The most reputable companies will offer a competitive price but the service will be streamlined compared to smaller, more client orientated companies. By streamlining the process of the security service, a company will become impersonal and will have a distant relationship with the client. It is important that the security services provider and the client have a close relationship to monitor the progress being made, or identify trends earlier rather than later. Discovering the trend in theft at a later stage could be costly to a company after all.
If the security services company has a range of services or products then by all means ask for a quotation to see if they undercut another company, even if they don’t do not be deterred, as their service offerings could be far more rewarding than the cheapest firm.
Surviving the Recession with Payroll?
We are all aware of the current economic plight the U.K. is in at the moment, with some industries suffering more than others. Even though some companies are equipped with clientele that are recession proof, it is not to say that those clients aren’t in business with those being hit hardest. With that in mind, it is important to prepare the business for a leaner period. Saying this, it does not necessarily mean job losses or cutting down wages, but it can be an opportunity to invest in the latest technologies and really drive the company towards a competitive advantage.
Increase Profit with Payroll
The sole purpose of business is to generate a regular cash flow and to increase profit margins to subsidise the businesses growth and pay the employees of the firm. Increasing profit margins is the Holy Grail for all firms and doing this may be on the back of securing new key accounts or by streamlining the business, to increase efficiency and productivity whilst also cutting unnecessary operation costs.
Pay and Bill can prove Costly
Pay and Bill is not exactly the number one priority of a manager yet it is an important process of management. Investing in pay and bill software or even outsourcing the pay and bill could prove to be a strategic move, as even though both have immediate financial implications, in the long run it may enhance efficiency and productivity of a company.
