Employers must always look for ways to counteract the ever-increasing costs of running their companies. 2018 won’t be any different. Once again it is rising cost environment for most SMBs.
Health Care Costs Increase:
Employers with healthy workforces often report a healthy bottom line – as a result of better safety, improved turnover, increased productivity, reduced absenteeism, and lower disability costs. This year, Only 14% of SMB employers surveyed by Mercer say they are even somewhat likely to drop their plans in the next 5 years. But continuing to offer coverage means the stakes are high for employers and their bottom line. 89% of employees say their health benefits are as important to them as their salary.
Shipping Costs Increase:
Traditionally, Shipping costs will increase. The post office had already announced their USPS 2018 shipping rate changes for Flat Rate, Priority, First Class, and w/Tables, aiming for an average of 1.9% increase. FedEx already announced a FedEx Shipping Rate Increase that would take effect in 2018 as well. FedEx is looking to increase rates as much as 3.5% – 4.9%.
These announcements also created an impact on competitive products and services include expedited services like Priority Mail, parcel shipping services, and international mail options such as International Priority Airmail (IPA) and International Surface Air Lift (ISAL). These products will generally see a 3.9% price increase, with the Postal Service’s bulk ground shipping products Parcel Select (4.9%) and Parcel Select Lightweight (7%) seeing the highest increases.
General and Administrative Expenses:
Small businesses have expenses that traditionally increase every year. They typically include:
- payroll expenses
- commercial property rent costs
- growing salary base
- business and property insurance rates
- accounting fees
- travel expenses, including flights and hotels
When you add up all the anticipated expense increases, it can make a big difference to a small business owner. Sometimes you have to choose between hiring a new employee or containing the rate of growing administrative costs. Can you have best of both worlds, contain the cost, and free up capital for other business growth? Yes, you can!
There is an here where you can decrease your expenses to counteract the rise of the cost of running the business – by outsourcing your IT services and support to local Managed Services Provider, such as powersolution.com.
Reducing IT costs is one of the most driving reasons our clients choose to outsource IT services to us. SMBs are now able to convert variable, unplanned IT expenses to fixed, predictable ones.
Our clients also save money by hiring (and firing) in-house staff, paying benefits such as sick leave, health insurance, workman’s compensation, and Social Security contributions. In addition, we’re available 24/7, where in-house staff may take off due to personal issues or illness.
No matter how many computers your business uses, consider the potential impact of a system failure. How would inoperable systems affect your company’s productivity? Would your business be able to afford a data loss if your backup systems fail? Regardless of the size of your business, you require maximum uptime to be successful.
By outsourcing your IT to powersolution.com you’ll be provided free advice on security and backup storage systems anti-virus software, and 24 x 7 monitoring for critical systems. In addition, you’ll receive “on-demand” support. Essentially, you’re only paying for the equipment you need and the time it takes our IT technician to implement a solution or solve a problem. Or you can opt for a monthly service plan, customized to meet your needs. This way you won’t get caught with unexpected IT expenses, and you can include the monthly fee into your 2018 budget.
For businesses with complex computing environments, it’s common to have in-house IT support with one or two dedicated IT employees. As your IT provider powersolution.com offers a wide range of services, so your business can build onto what you already have in-house. In today’s business world, there’s a lot of pressure to stay productive wherever you are.powersolution.com can inform your in-house staff about, as well as implement the latest data security solutions, including those for your employees’ mobile devices they use for work. In addition, many of our clients find their in-house IT staff to be more effective when routine IT services are outsourced to us.
powersolution.com will consult with you, and provide an honest, no-obligation, no-cost assessment regarding products and services that will help your business save money and help you counteract the rising costs of doing business in 2018. For more information contact us by calling 201-493-1414 x 311.