How to reduce the cost of doing business
- Description
- Curriculum
- FAQ
- Reviews
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 consdierations 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.
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1
IntroductionIn this video, we will introduce the course.
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2
Purpose of the course
In this video, we will discuss the purpose of this course.
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3
How the course will run
In this video, we will discuss how the course will be run.
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4
Scenario
In this video, we will run through the scenario to be used as the base for this course.
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5
Prework questions
In this video, we will look at the questions to be asked ahead of any cost reduction work.
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6
Review P&L statement
In this video, we will discuss the need to review the P&L statement.
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7
Conduct first analysis
In this video, we will discuss what conducting your initial analysis entails.
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8
Make a plan
In this video, we will discuss the need to make a plan, and what this should include.
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9
Review of the findings
In this video, we will review the findings of our P&L analysis for this budget line.
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10
Review all vacancies
In this video, we will discuss reviewing all current vacancies.
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11
Freeze vacancies
In this video, we will discuss freezing vacancies.
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12
Cancel vacancies
In this video, we will discuss cancelling vacancies.
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13
Review vacancies - example
In this video, we will discuss an example of reviewing vacancies.
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14
Review all job roles
In this video, we will discuss reviewing all job roles currently live.
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15
Review all roles - template example
In this video, we will discuss reviewing all roles using the template example.
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16
Review all job roles - conclusion
In this video, we will discuss the conclusion to reviewing all job roles
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17
Review all job roles - example
In this video, we will discuss an example of reviewing all job roles.
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18
FTE calculations
In this video, we will discuss FTE calculations.
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19
FTE calculations - FTE calculator
In this video, we will discuss using an FTE calculator.
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20
FTE calculations - analysis
In this video, we will discuss the analysis of FTE calculations.
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21
FTE calculations - recommendations
In this video, we will discuss the recommendations from our FTE work.
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22
FTE calculations - benefits and drawbacks
In this video, we will discuss the benefits and drawbacks of the FTE calculation approach.
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23
Offshoring
In this video, we will discuss offshoring as an option.
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24
Offshoring - how to do it
In this video, we will discuss how to complete offshoring.
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25
Offshoring - considerations
In this video, we will discuss key considerations from an offshoring perspective.
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26
Offshoring - example
In this video, we will discuss an example of offshoring.
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27
Automation
In this video, we will discuss automation as an option for cost reductions.
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28
Automation - case study
In this video, we will discuss a case study example of automation.
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29
Restructuring
In this video, we will discuss restructuring.
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30
Restructuring - example
In this video, we will discuss an example of restructuring.
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31
Junior employee opportunities - examples
In this video, we will discuss examples of junior employee opportunities.
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32
Reduce use of contractors
In this video, we will discuss the use of contractors.
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33
Reduce use of contractors - example
In this video, we will discuss an example of reducing the use of contractors.
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34
Overtime - set the scene
In this video, we will discuss setting the scene for overtime.
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35
Overtime - the investigation
In this video, we will discuss an investigation into the overtime approach.
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36
Overtime - conclusions
In this video, we will discuss the conclusions landed on for the overtime approach.
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37
Overtime - delivery of change
In this video, we will discuss the delivery of change within the overtime approach.
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38
Overtime - outcome
In this video, we will discuss the outcome of the overtime approach.
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39
Performance related pay
In this video, we will discuss performance related pay as an approach.
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40
Additional - pay rise cut, freeze or delay
In this video, we will discuss cutting, freezing or delaying pay rises.
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41
Additional - bonus cut, freeze or delay
In this video, we will discuss cutting, freezing or delaying bonuses.
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42
Change bonus eligibility
In this video, we will discuss changing bonus eligibility.
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43
Additional - performance related to goals
In this video, we will discuss linking performance to goals.
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44
Additional - eliminate coordinator type roles
In this video, we will discuss eliminating the coordinator type roles.
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45
Final comments
In this video, we will close out this section with some final comments.
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46
Review of the findings
In this video, we will review the findings of our P&L analysis for this budget line.
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47
Meet remotely
In this video, we will discuss meeting remotely as an option.
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48
Meet remotely - culture and benefits
In this video, we will discuss the culture and benefits aspect of meeting remotely.
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49
Change policies
In this video, we will discuss changing policies as an option.
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50
Change policies - list of policies
In this video, we will discuss a potential list of policies for you to use.
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51
Change policies - benefits and drawbacks
In this video, we will discuss the pros and cons of this approach.
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52
Change training approach
In this video, we will discuss changing the training approach.
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53
Additional options
In this video, we will discuss the additional options on the table.
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54
Final comments
In this video, we will close out the section with some final comments.
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55
Review of the findings
In this video, we will review the findings of our P&L analysis for this budget line.
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56
Go completely remote
In this video, we will discuss going completely remote.
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57
Go completely remote - considerations
In this video, we will discuss the considerations that need to go into this decision.
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58
Adopt a hybrid approach
In this video, we will discuss adopting a hybrid model.
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59
Adopt a hybrid approach - costings
In this video, we will discuss the costings potentially saved by going hybrid.
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60
Reform facilities management approach
In this video, we will discuss reforming your approach to facilities management.
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61
Reform facilities management approach - approach to take
In this video, we will discuss the best approaches on offer.
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62
Reform supplies approach
In this video, we will discuss reforming your approach to supplies.
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63
Final comments
In this video, we will close out this section with some final comments.
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64
Review of the findings
In this video, we will review the findings of our P&L analysis for this budget line.
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65
Find alternative providers
In this video, we will discuss how finding alternative providers can be a good way to reduce costs.
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66
Find alternative providers - How?
In this video, we will discuss how you can complete this activity.
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67
Find alternative providers - What?
In this video, we will discuss what this would entail.
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68
Find alternative providers - the results
In this video, we will discuss the results of taking such actions.
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69
Merge systems
In this video, we will discuss merging of systems as an option.
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70
Final comments
In this video, we will close out this section with some final comments.
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71
Review of the findings
In this video, we will review the findings of our P&L analysis for this budget line.
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72
Review performance
In this video, we will discuss what reviewing performance could offer.
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73
Review performance of sales & social media
In this video, we will discuss the importance of reviewing sales and social media performance.
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74
Review performance - benefits and drawbacks
In this video, we will discuss the pros and cons of performance reviewing.
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75
Review the set up
In this video, we will discuss reviewing the set up of your marketing and advertising activities.
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76
Review set up - 4 types
In this video, we will discuss the 4 types of set up to be explored.
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77
Review set up - benefits and drawbacks
In this video, we will discuss the pros and cons of reviewing the set up.
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78
Final comments
In this video, we will close out this section with some final comments.
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79
Review of the findings
In this video, we will review the findings of our P&L analysis for this budget line.
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80
Change contract approach
In this video, we will discuss changing the contract approach you have adopted.
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81
Change contract approach - requirements
In this video, we will discuss changing the contract approach and looking at the requirements involved.
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82
Standard fixed term
In this video, we will discuss the standard fixed term contract type.
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83
Alternative flexible term
In this video, we will discuss the alternative flexible term contract type.
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84
Standard plus
In this video, we will discuss the standard plus contract type.
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85
Reward
In this video, we will discuss the reward contract type.
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86
Change provider
In this video, we will discuss the option of changing provider.
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87
Change provider - the results
In this video, we will discuss the results of this activity.
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88
Final comments
In this video, we will close out this section with some final comments.
