Course Description
The cost of doing business continues to rise, company by company, industry by industry, year on year. It is something being faced by businesses of all sizes, and to counteract this, they are looking at their P&L statements wondering where they can find savings. Luckily for them and for you, there are a number of areas on those P&Ls which can be targeted with precision to reduce costs in both the short and long term, to help keep those organizations on a stable footing.
In this course, we will explore the range of options you have at your disposal when it comes to reducing the cost of doing business. From your compensation budget to equipment, 3rd parties to marketing, expenses and systems, there are so many options for you to explore. Within this course, we explore them ALL, looking at what they are, how you can practically deploy these and give a range of examples to back these up, with evidence.
We also provide a range of tools, techniques and downloadable resources for you to use during and after the course, to plan and map out your approach, based on what works best for you. This course is all about giving you the huge range of options available, not telling you what YOU should do. We give you the power to decide what is best for you, based on all of the options we put on the table.
We cover several business expense types, discuss the considerations you need to make when approach these costs (such as risk, communication, timelines etc.) and break the course up with a range of examples, demonstrations and real life case studies – all with the aim of making this content accessible to all. If you want to save your organization money both today and in the future, this is the course for you.
Course breakdown
- Introduction
- What is the purpose of this course?
- How the course will run.
- Scenario
- Prework questions
- Review your profit & loss statement
- Conduct your first analysis
- Make a plan
- Review of the findings – compensation
- Review all vacancies
- Freeze vacancies
- Cancel vacancies
- Review vacancies – example
- Review all job roles
- Review all roles – template example
- Review all job roles – conclusion
- Review all job roles – example
- FTE calculations
- FTE calculations – FTE calculator
- FTE calculations – analysis
- FTE calculations – recommendations
- FTE calculations – benefits and drawbacks
- Offshoring
- Offshoring – how to do it
- Offshoring – considerations
- Offshoring – example
- Automation
- Automation: Considerations
- Automation – case study
- Restructuring
- Restructuring – example
- Junior employee opportunities
- Junior employee opportunities – examples
- Reduce use of contractors
- Reduce use of contractors – example
- Overtime – set the scene
- Overtime – the investigation
- Overtime – conclusions
- Overtime – delivery of change
- Overtime – outcome
- Performance related pay
- Additional – pay rise cut, freeze or delay
- Additional – bonus cut, freeze or delay
- Change bonus eligibility
- Additional – performance related to goals
- Additional – eliminate coordinator type roles
- Final comments
- Review of the findings – expenses
- Meet remotely
- Meet remotely – Culture and benefits
- Change policies
- Change policies – list of policies
- Change policies – benefits and drawbacks
- Change training approach
- Additional options
- Final comments
- Review of the findings – office
- Go completely remote
- Go completely remote – considerations
- Adopt hybrid approach
- Adopt hybrid approach – costings
- Reform facilities management approach
- Reform facilities management approach – approach to take
- Reform supplies approach
- Final comments
- Review of the findings – systems and subscriptions
- Find alternative providers
- Find alternative providers – How
- Find alternative providers – what
- Find alternative providers – the results
- Merge systems
- Final comments
- Review of the findings – Marketing and advertising
- Review performance
- Review performance of sales & social media
- Review performance – benefits and drawbacks
- Review set up
- Review set up – 4 types
- Review set up – benefits and drawbacks
- Final comments
- Review of the findings – 3rd parties
- Change contract approach
- Change contract approach – requirements
- CCA – Standard fixed term
- CCC – Alternative flexible term
- CCA – Standard plus
- CCA – Reward
- Change provider
- Change provider – the results
- Final comments
- Review of the findings – equipment
- Explore what we did
- Ask procurement team to reduce costs
- Change damage and loss policies
- Explore outsourcing of maintenance
- Final comments
- Risk
- Communication
- Timeframe
- Resourcing
- Need to invest
- Need to invest part 2
- Need to invest part 3
- ROI
- Market trends
- Long term planning
- Process improvement part 1
- Process improvement part 2
- Time for YOUR plan
- Feedback and final thoughts
- Review key learnings
- Thank you
