But learning to manage your services and optimize HR programs will be critical in your campaign to cut costs.
For instance, why configure a bunch of different systems when you can consolidate and save by implementing an all-in-one system?
Reducing HR costs can prove to be the difference between efficient HR departments, so we’re providing you with 10 vital changes that your company should consider to optimize your departmental programs and costs - that won’t result in the loss of the skillful employees who help your company grow.
1. Reduce Healthcare Costs
• Consider a new healthcare provider• Switch to a higher deductible health plan
• Require more employee contribution
• Eliminate dental and vision plans
• Purchasing pools and HSAs
2. 401(k) and Other Benefits
• Search for an alternative carrier• Reduce company contributions...but not too much
• Create contribution tiers by position
• Increase employee contributions… but improve benefits
3. Health and Wellness Programs
• How to implement the best program• Improve employee’s happiness and productivity
• Healthier employees = big long-term savings
4. Social Programs
• Create affordable social events• View programs by performance
• Healthy social environment increases productivity
• Evoke appreciation and loyalty from your employees
5. Improve Hiring / Onboarding Practices
• Effective job listing; job description• Offer competitive salary
• Assign employees properly
6. Improve HR Operations
• Knowledgeable HR professionals• Offer a flexible work schedule
• Offer a better salary
• Provide incentives to boost productivity
7. Leverage HR Technology
• How to choose the proper HR technology• Price-per-performance comparison
• Implementing HR management software
• Make onboarding and training information available
8. HR Shared Services
• How to centralize company administrative and HR expenses• Enjoy more HR budgetary line-items from fewer sources
• Freedom from repetitive employee data entry via one-database system management
Learn how to combine HR systems such as:
• Employee Timekeeping
• Employee Scheduling
• Resource Scheduling
• Planning
• HR Portals
• HR Management
• Access Control
• Time Clocks
• Web-Only Systems
• Job Tracking
• Inventory Management
• Manufacturing Automation
• Machine Maintenance
9. Mitigate Litigation Risks
• Know your risks and plan ahead• Know all of the laws and regulations
• Distribute clear and concise employee handbook
10. Prepare for Healthcare Reform Now
• Know what is changing and the effects• Consider incorporation
• Consider the health requirements
Learn More
Learn more about reducing HR costs by contacting Acumen Data Systems online or at 888-816-0933 today.About Acumen Data Systems
Acumen Data Systems provides comprehensive HR software and systems, including employee time and attendance, employee benefits, employee portals, employee time clock systems, inventory management, manufacturing automation, and much more.Learn more about Acumen by calling 888-816-0933 or visiting www.acumendatasystems.com.
