3 Easy Ways To Cut Office Expenses

1. Save Money on Employees

Stay away from making unnecessary hires and expanding your team before it is financially appropriate and stands to increase the value of the company. Cutting costs on your employees begins with the hiring process. Make sure to only hire when you need to fill a need, or a gap, in the company.  

Merely “Growing your company” or “expanding your team” aren’t sufficient reasons to hire. When your company would measurably be improved by adding a new employee – that is when you add one. Make sure to have a system in place that calculates the maximum value each department has per employee, and from there extrapolate to determine how many employees will fit into each department.  

2.Watch Your Cable and Electricity

The average cost of internet in the US is $38 per month, and that can go all the way up to $150 per month, per individual. Between Verizon, AT&T, Xfinity, and RCN – there are dozens and dozens of cable providers to choose from, and choosing the best one for youis crucial for saving money. And, believe it or not, your company’s TV bill can really make a dent in your overall expenses. 

3. Go Digital

Using the cloud and other online storage software tools will make your office not only more efficient in terms of production, but also in terms of cost. Using the cloud, storage spaces, and computing services are held by a third-party provider, and thus office storage and software costs will be reduced. In addition, rather than using your customized or standard-paying email accounts, word processing, and other tools, take advantage of Google and Microsoft’s free version which you can obtain online. 

SOURCE:business.com