3 Business Resolutions for 2018 that’ll Pay Off for Years
The stock market is up; corporate taxes are down; and the economy is good. Businesses of all kinds are looking toward growth for 2018. The only potential downside is Too Many Jobs and Not Enough Workers, according to the Washington Post. While Fox News reports that six-figure construction jobs are going unfilled. Monster.com looks at how a tight labor supply, and uncertainty about how government policy will affect business.
With these and many other sources, economists and business leaders looking at potential labor shortages, Paper Alternative’s focus for 2018 is to help businesses expand productivity even when they can’t expand their labor force. No business wants to lose out on this bull market due to labor shortages!
The three business resolutions that businesses can implement to improve productivity for 2018 are:
- Outsource (Managed Services)
Simple Changes Equal Big Results without Additional Workers
Digitize: Going paperless in your business is more important than ever, because:
- Your paper will double in 3.3 years
- Every 12 filing cabinets require an additional employee to maintain.
- Employees spend 30 - 40% of their time looking for information locked in email and filing cabinets.
- Between 70-80% of an organization’s processes are still being managed on paper.
(Statistics complements of www.thepaperlessproject.com)
With these statistics and fewer qualified workers, why would any business continue with inefficient paper-based processes? Today’s paperless technologies, make moving towards the efficiency of a paperless office easier, faster and more cost effective than ever. What better way to capitalize on the 2018 Corporate Tax Reduction?
See our article, Got Paper? Get Scanning! for information about best ways to digitize your paper documents.
Automate: Office automation refers to a combination of computer hardware, software, and network or cloud connection, made available to workers to simplify and automate the routine operations they perform. This “process automation” is especially useful in activities such as: inventory management, facility management, accounting, email and document management. When workers digitally create, store, manipulate, and relay office information and data, automatically, basic tasks and goals can be accomplished more quickly and businesses can expand with fewer new hires.
See our article, How to Use Existing Business Resources Better for more in-depth understanding of Process Automation.
Outsource (Managed Services): Shortages of skilled workers often result in the need to outsource. Unfortunately, outsourcing has become a four-letter word in business, because it is associated with shipping jobs overseas, offshoring, foreign call centers, and the cheapening of products and services.
It’s important to understand how the managed services model of outsourcing works to understand what makes it different from traditional outsourcing:
- A “managed service” is a management tool
- “Outsourcing” is a deployment tool.
A managed service provider (MSP) is a specialist that can work in any environment and has the right tools to manage some aspect of your business better than you can yourself. Regardless of what industry you work in, the vendor can integrate into your business. Traditional outsourcing, on the other hand, carries out a specific business function more cheaply or efficiently but doesn’t offer the same consultative function or expertise that a managed service provider generally provides.
If you want to learn more about Managed Services, take a look at our article, Advance Your Business with Business Process Services.
A 4th Resolution
Put your 2018 Corporate Tax Reduction to good use by getting efficiency and productivity for your dollars. Contact Paper Alternative Solutions and see how you can get ahead.