One of the problems businesses are wondering is how to reduce human resource costs while ensuring efficiency. This issue is not new but it always requires a new answer, especially in the current human resource market.

With this issue, Farovietnam would like to offer some ways for businesses to reduce human resource costs while ensuring efficiency.

Eliminate unnecessary costs and increase business share

When businesses want to reduce costs, they have to clearly understand business processes thereby classifying the core elements and unnecessary elements. For sharing business processes, businesses should enhance and standardize; then, rearrange the staff in charge of those unnecessary processes while business clearly and concisely explain the reason for rearrangement for the staff.

Reduce costs of time

Reducing costs of time is also a way to help businesses save an investment. Currently, most businesses take a lot of time for cumbersome administrative procedures, preparing documents and supplementing documents as required.

With this outsourcing service, businesses can reduce the time to deal with those issues and focus on increasing value and revenue for the business.

Reducing costs of labor

Temporary human resources can handle jobs well and businesses only pay the 50% costs compared to employing a regular employee. Therefore, businesses need to consider which employees should be suitable for full-time or temporary jobs, which can reduce costs significantly while ensuring work efficiency.

Assessing rent expense

Like human resources, businesses should consider the ability to work from home. Recently, a few companies have applied this form and have shown it to be effective. In particular, in the recent period of social distancing, this application has brought success. And, of course, the costs related to the rent expense have been significantly reduced.

Cutting office supplies

Through paperless payment, cutting paper, eliminating unnecessary equipment, etc. expenses of business can be reduced. Despite being small, all its costs add up to a significant amount if businesses know how to properly cut it down.

Periodic evaluation

In business flow, business leaders should periodically review and evaluate each stage. This systematic work can find out the factors that should not be maintained and eliminate them to focus on the big goal. Normally, the perfect duration of evaluation is every 6 months.

Above are 7 ways for businesses to follow. In particular, one of the 7 mentioned ways, reducing labor is considered as an effective key for businesses to ease financial burdens. If  businesses have any demand for part time labor, please contact Farovietnam. Farovietnam is a company specializing in providing recruitment services, outsourcing human resources and payroll administration. As a leading unit in the field of recruitment, staffing and business consulting, Farovietnam has a strong reputation not only in the international market but also in the Vietnamese market. For more detailed advice on this issue, please contact our hotline immediately.