Business Black Box Issue 1

Page 67

minute” project at six p.m., and found the finished proposal in their email by six a.m. Prasad is a great example. He has an MBA and is vastly overqualified for most of the work I give him. However, because of the economic situation where he lives, he is wellpaid at $3 per hour. I couldn’t POSSIBLY afford to pay someone here $10 to 12 per hour for some of the larger projects he can handle in a quarter of the time and for one-eighth of the cost. In fact, before hiring him, I did all that work myself and would get three or four hours of sleep a night – I was so busy working in my company, rather than investing that time and energy working on my company.” Jay Handler President SellPhone Marketing “The added pressures of a harsh economic climate that has forced many businesses to lay off workers and do more with less have provided little relief. But professional employer organizations, which are essentially outsourced human resources, are flourishing in this climate by offering small businesses the chance to outsource their headaches and save money at the same time. Human resources outsourcing in a down economy is something that gains a lot of attention because part of the value proposition is some reduction in costs, whether that’s hard costs or soft costs. Very few people got into business to deal with employee administration, and part of what a professional service employment organization does is enable them to focus on their core business.” Michael Murray Broker/Agent First Place Employer Services

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