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Casual Articles - Top Ten Reasons to Hire an Outside Consultant
There are many reasons why good employees quit and go to another company, perhaps even your competitor. Most of the reasons start with management and most are preventable. Good people don’t leave good companies, they leave poor managers. Here are seven reasons. Are they prevalent in your organization? Management demands that one person do the jobs of two or more people, resulting in longer days and weekend work. This turns into a morale killer not only for the person but for the team.Management doesn't allow the rank and file to make decisions about their work. Therefore, emp
1. The Bottom Line
Hiring an employee instead of an independent adds at least 20% to 33%, and often more, to total payroll costs. In addition to employee salary and other compensation, there are significant “hidden costs”, payroll taxes, unemployment, and workers compensation insurance and employee benefits such as health and dental insurance, paid vacations, sick leave, retirement benefits, and life or disability insurance.
2. Hourly Rate is More Economical
You save money by hiring
If you were a customer on the telephone with a question or complaint and were ready to make big purchase, which of the following phrases by this employee would make you feel welcome and want to complete your transaction? Which would drive you away?* I'm sorry. I didn't get that. * I can't understand what you're trying to say.* Yes, Mr. Jones, I'll be happy to do that for you. * All right. I'll see what I can do about it.* It will take a few minutes. Would you like me to call you back? * Hold on. I'll be right with ya.* Thank you for waiting. I have that information
Are there compelling reasons to consider hiring a consultant who is an independent contractor rather than just another employee?
Today’s executive must manage the day-to-day assault of the business and still have time for forward thinking. The busier you are with clients, staff concerns and current commitments the less time you have to manage future strategic planning.
Would you hire an independent consultant if having top-notch assistance in promoting your firm, your services, and your people meant the difference between an equity-based retirement with a high ranking interim promotion, or a sharp decline and future downturn for you and your company?
Some executives are fear-based. Fearing loss of control. Fearing theft of professional secrets. Fearing that money may be wasted.
Let’s examine these three fears.
An independent consultant is not fear motivated; seeing, with a professional eye and experience, what needs to be done and just doing it. Productive because they do not attend your staff meetings, do not have to take company calls, are not there for the birthdays, are not signing the company greeting card, do not produce in-house reports or spreadsheet projections, have no internal messages to answer, do not converse with fellow employees, and because you are not their sole source of revenue, will tell you the truth.
Will they steal professional secrets? Not if they intend to work again, they won’t. Professional consultants work in a close community, protecting their right to work in that community in the same way your doctor or lawyer does.
Will your money be wasted? Define a set fee tied to deliverables for that fee. A consultant’s efficient work habits deliver a result within a tightly defined time frame. An in-house employee may be reluctant to complete a project, fearing that there might not be a next assignment.
The Top Ten Reasons to Hire a Consultant
1. The Bottom Line
Hiring an employee instead of an independent adds at least 20% to 33%, and often more, to total payroll costs. In addition to employee salary and other compensation, there are significant “hidden costs”, payroll taxes, unemployment, and workers compensation insurance and employee benefits such as health and dental insurance, paid vacations, sick leave, retirement benefits, and life or disability insurance.
2. Hourly Rate is More Economical
You save money by hiring a
I was sitting at a new hip day spa and salon when the entire staff of stylists and technicians suddenly disappeared. “Wait a minute! Where are you going? I’m wrapped in foil!” I think to myself. Moments later, the ownership team re-appeared with the entire Broadway staff, donning party hats, clown noses and a birthday cake for one of the other patrons who were celebrating her 48th birthday. You see, this Savvy Staff had waited for the “precise” moment when our birthday girl had gone into the Changing Room for maximum Surprise Power when she came out. Well it sure worked! The reason I
Would you hire an independent consultant if having top-notch assistance in promoting your firm, your services, and your people meant the difference between an equity-based retirement with a high ranking interim promotion, or a sharp decline and future downturn for you and your company?
Some executives are fear-based. Fearing loss of control. Fearing theft of professional secrets. Fearing that money may be wasted.
Let’s examine these three fears.
An independent consultant is not fear motivated; seeing, with a professional eye and experience, what needs to be done and just doing it. Productive because they do not attend your staff meetings, do not have to take company calls, are not there for the birthdays, are not signing the company greeting card, do not produce in-house reports or spreadsheet projections, have no internal messages to answer, do not converse with fellow employees, and because you are not their sole source of revenue, will tell you the truth.
Will they steal professional secrets? Not if they intend to work again, they won’t. Professional consultants work in a close community, protecting their right to work in that community in the same way your doctor or lawyer does.
Will your money be wasted? Define a set fee tied to deliverables for that fee. A consultant’s efficient work habits deliver a result within a tightly defined time frame. An in-house employee may be reluctant to complete a project, fearing that there might not be a next assignment.
The Top Ten Reasons to Hire a Consultant
1. The Bottom Line
Hiring an employee instead of an independent adds at least 20% to 33%, and often more, to total payroll costs. In addition to employee salary and other compensation, there are significant “hidden costs”, payroll taxes, unemployment, and workers compensation insurance and employee benefits such as health and dental insurance, paid vacations, sick leave, retirement benefits, and life or disability insurance.
2. Hourly Rate is More Economical
You save money by hiring
Safety tags are the tags which help to prevent the accidental use of faulty items. The safety tags used must be in accordance with OSHA i.e. Occupational Safety and Health Administration, a federal agency whose responsibility is to enforce safety and health legislation. Thus it enables maintenance or safety department to control and alert others against potential unsafe situations.Need and Benefits of Safety TagsIn an organization, the quality of assets and their maintenance history is of critical importance. If a faulty asset is accidentally used by a worker then the problem c
Will they steal professional secrets? Not if they intend to work again, they won’t. Professional consultants work in a close community, protecting their right to work in that community in the same way your doctor or lawyer does.
Will your money be wasted? Define a set fee tied to deliverables for that fee. A consultant’s efficient work habits deliver a result within a tightly defined time frame. An in-house employee may be reluctant to complete a project, fearing that there might not be a next assignment.
The Top Ten Reasons to Hire a Consultant
1. The Bottom Line
Hiring an employee instead of an independent adds at least 20% to 33%, and often more, to total payroll costs. In addition to employee salary and other compensation, there are significant “hidden costs”, payroll taxes, unemployment, and workers compensation insurance and employee benefits such as health and dental insurance, paid vacations, sick leave, retirement benefits, and life or disability insurance.
2. Hourly Rate is More Economical
You save money by hiring
Young entrepreneurs and business owners are often times faced with the choice of which road to take. On one hand, there is the more conservative route of staying in college and getting a degree. On the other hand, many have thriving businesses that are making more money than their degree will ever get for them. Is college simply a hindrance? Or is it a valuable resource that should be continued at all costs. Many college business owners don't even realize they have the choice of dropping out. Knowing this option is there could be vital to the success of their future business. If you are in college and are an
Will your money be wasted? Define a set fee tied to deliverables for that fee. A consultant’s efficient work habits deliver a result within a tightly defined time frame. An in-house employee may be reluctant to complete a project, fearing that there might not be a next assignment.
The Top Ten Reasons to Hire a Consultant
1. The Bottom Line
Hiring an employee instead of an independent adds at least 20% to 33%, and often more, to total payroll costs. In addition to employee salary and other compensation, there are significant “hidden costs”, payroll taxes, unemployment, and workers compensation insurance and employee benefits such as health and dental insurance, paid vacations, sick leave, retirement benefits, and life or disability insurance.
2. Hourly Rate is More Economical
You save money by hiring
In modern corporations mostly due to the DotCom era, when corporations were seeing investors move to faster moving companies; we saw a paradigm shift in Corporate Management. Tom Peters and others saw this and started writing about it. These corporate management gurus were trying to tell us all along what Deming and others had noticed. It seems like America goes thru cycles of losing sight of the ball. But once again we see the return of the suggestion box, although with the flow of thought set up correctly they would never be needed, because innovation would be constant and a moving target.Today’s co
1. The Bottom Line
Hiring an employee instead of an independent adds at least 20% to 33%, and often more, to total payroll costs. In addition to employee salary and other compensation, there are significant “hidden costs”, payroll taxes, unemployment, and workers compensation insurance and employee benefits such as health and dental insurance, paid vacations, sick leave, retirement benefits, and life or disability insurance.
2. Hourly Rate is More Economical
You save money by hiring a consultant; even one paid more per hour than employees. Up to 33% of hidden costs on top of employee salaries are avoided. A consultant can often do the job faster and more effectively than an employee without specific technical expertise and the right connections.
Speed, accuracy and effectiveness require less of your hourly cost in supervision, correction and loss of productivity and your hourly rate is most likely the highest.
3. Avoid Headaches and Potential Lawsuits.
Hiring Independents reduces exposure to potential lawsuits, such as those alleging discrimination or wrongful termination.
A wrong hire can lead to costly HR requirements and law compliance, actually preventing you from undoing a “bad” hire.
4. Maintain Flexibility Without Long Term Exposure.
You hire a consultant to handle a specific project, gaining specialized expertise for a short time period without the potential severance costs and lawsuits from terminating an employee.
5. Save Time and Expense Involved in Training Employees.
You won’t encounter resistance and potential sabotage when employees operate out of their comfort zone or level of expertise.
6. Expand and Contract Workforce as needed.
7. Access the Latest in Resources and Equipment Without Owning and Paying for it.
Consultants typically have their own resources, including transportation, and the latest in computers, laptops, software and mobile phones. You avoid costly expenditures for owning, leasing and long term contracts, or worse, having employees trying to function without proper equipment needed for the task.
8. Maximize Efficiency.
Your consultant is producing product, not interacting in staff meetings, producing reports or other documentation.
9. Stabilize Insurance Costs.
You are not paying for health or other employee and dependent insurance, nor are you paying for unemployment or tying up personnel tracking COBRA benefits for 18 months for former employees.
10. Retain and Attract Employees.
You will have greater retention and attraction of top tal
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