CEO Perspectives
The New Immigration Law & Its Impact on Small Business
In today’s economy, it is clearly understood that U.S. businesses face workforce challenges unparalleled in the memories of most company owners and executives. Although current staffing levels are at a record low, owners are expected to provide superior customer service and products at a competitive price. An employer’s challenge is to create a team that can deliver the levels of excellence required by its customers at the least possible cost.
In a service business, the largest cost to an employer is the labor cost. Companies that hire undocumented workers are clearly in an unfair advantage because their labor cost potentially is lower than a company that is following by the rules. Although fines and penalties currently exist to deter unfair hiring practices, rarely are they ever imposed.
Read MorePerils and Perks to Outsourcing Business Functions
Outsourcing offers strategic and financial benefits that are too important to ignore. When it works, companies decrease costs, increase flexibility, enhance expertise, increase core competencies, and are allowed to focus on the core business.
Today’s agile businesses use outsourcing all the time. Commonly outsourced tasks include janitorial, transportation, bookkeeping, payroll processing, telephone answering, IT technical support, printing, insurance, and legal services.
For organizations exploring the pros and cons of outsourcing, the following are the questions to consider: How do you make outsourcing work? And, how can you avoid the pitfalls that can occur in the outsourcing process?
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