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Casual Articles - Flexible Growth Without Risk In Electrical Contracting
It all started a couple of weeks ago when a friend asked me if I could scan and print some of her slides. No problem, I said.Boy, was I mistaken....As it turns out, I seldom use my scanner for slides. And no matter how many different 'Kathy' techniques I tried to get it to work, nothing. I even resorted to reading the online m
The Seasonal Situation
Some would argue that there is no such thing as a "permanent" workforce anymore, due to the ever-changing seasonal nature of the electrical contracting business. It does not make good bus
Here's a fact, almost three of four hires disappoint their employers in the first year. Over the years, many of these business owners have referred to these people as "losers."Before we discuss how to Stop Hiring LOSERS, it's important to understand what a LOSER is. To help define, here's an acronym I've created:L = Lazy (re
The cyclical nature of the electrical contracting industry demands owners and key decision makers need the know how to strike a balance between maintaining permanent electricians on the payroll and keeping them busy (employed) during slow periods. Having the continuity and security of a core staff of reliable electricians is paramount to meeting customer needs. Wouldn’t it be nice to have the ability to hire and let employees go according to market conditions? You can…and without losing those loyal to your company.
Conversely, the flexibility must be in-place to accommodate higher workloads when unusually large projects come your way but you lack manpower. What if you are given the opportunity to conduct business in a state with specific licensing requirements your permanent electricians do not have? Do you pass up the opportunity due to the difficulty in finding the manpower needed? How are you set up to handle the situation to take on more work, maintain overhead costs, and increase your profit margin? The answer is here…read on!
The Seasonal Situation
Some would argue that there is no such thing as a "permanent" workforce anymore, due to the ever-changing seasonal nature of the electrical contracting business. It does not make good busi
Document Collaboration has made leaps and bounds since the explosion of the technology revolution. In any business era, the need to collaborate remains a constant. What varies is the ability of technology to keep up with demands of the collaborators. Groupware has risen to the challenge, delivering solutions that streamline the editorial proc
Conversely, the flexibility must be in-place to accommodate higher workloads when unusually large projects come your way but you lack manpower. What if you are given the opportunity to conduct business in a state with specific licensing requirements your permanent electricians do not have? Do you pass up the opportunity due to the difficulty in finding the manpower needed? How are you set up to handle the situation to take on more work, maintain overhead costs, and increase your profit margin? The answer is here…read on!
The Seasonal Situation
Some would argue that there is no such thing as a "permanent" workforce anymore, due to the ever-changing seasonal nature of the electrical contracting business. It does not make good bus
EDM refers to wire electrical discharge machining. Wire electrical discharge machining or EDM is a metalworking process with the help of which a material is separated from a conductive work piece, by means of electrical erosion. The wire never comes in contact with the conductive work piece. The wire electrode leaves a path on the work piece,
Conversely, the flexibility must be in-place to accommodate higher workloads when unusually large projects come your way but you lack manpower. What if you are given the opportunity to conduct business in a state with specific licensing requirements your permanent electricians do not have? Do you pass up the opportunity due to the difficulty in finding the manpower needed? How are you set up to handle the situation to take on more work, maintain overhead costs, and increase your profit margin? The answer is here…read on!
The Seasonal Situation
Some would argue that there is no such thing as a "permanent" workforce anymore, due to the ever-changing seasonal nature of the electrical contracting business. It does not make good bus
Safety is a concern no matter where you travel in the world. Of course, some countries and cities will be safer than others will, but it is always important to be alert and to keep personal safety in mind when you travel. Before You Leave HomeBefore you go, make a photocopy of your passport and visas. Keep them with you, but separate f
The Seasonal Situation
Some would argue that there is no such thing as a "permanent" workforce anymore, due to the ever-changing seasonal nature of the electrical contracting business. It does not make good bus
Is direct mail marketing a smart play for on-site mobile automotive services businesses? Should a small business with one, two or many mobile units advertise thru direct mail marketing? In fact this is a very good question, which over the last 27-years I have experimented with and found much success.You see I founded a few mobile on-sit
The Seasonal Situation
Some would argue that there is no such thing as a "permanent" workforce anymore, due to the ever-changing seasonal nature of the electrical contracting business. It does not make good business sense to keep a set number of permanent employees on the payroll when it is costing you money without any coming in!
The Solution
Keep a small cadre of core electricians you trust and to supervise job sites. Secondly, based on the workload, hire your electricians as temporary employees and be able to release that person with little or no notice, legal liability, or severance package. Although the staffing company’s rate may be slightly higher than a permanent employee's salary, the employer doesn't have to worry about training costs, benefits, paid-time off, etc.
You will discover over time, the up-front costs to you versus net income generated by the temporary electrician will put more into your bank account. Why? Because had you not taken on the work, staffed the job, and billed for the work there would be NO profit.
The plus side to using an electrical staffing agency is you have no overhead increase, no additional time spent doing payroll, insurance, vacation, benefits, discipline, and other HR functions. Finally, you keep the electricia
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