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WHERE WE BEGIN

WhiteHouse.gov reported, “In the 2014 State of the Union address, President Obama called again on Congress to raise the national minimum wage, this time from $7.25 to $10.10 an hour, and soon after signed an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts.”

WhiteHouse.gov reported, “In the 2014 State of the Union address, President Obama called again on Congress to raise the national minimum wage, this time from $7.25 to $10.10 an hour, and soon after signed an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts.”

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WHAT’S HAPPENED SINCE THEN?

Huffington Post wrote an article saying, “It’s been six years since Congress raised the federal minimum wage, which stands at a paltry $7.25 an hour. While Congress continues to stall proposals to raise wages for the nation's poorest, some companies have taken it upon themselves to boost pay.””

They also said, “McDonald's was the latest company to join the trend. The fast food chain announced Wednesday that it would raise wages for a small number of its employees in the face of growing pressure from employees and labor advocates.”

In February, Walmart took the lead in bumping wages of its roughly 500,000 lowest-paid employees up to $9 per hour. It was soon followed by T.J. Maxx, Marshalls and Target and a list of other major companies that aren't waiting around for Congress to give hourly workers a raise.

WHAT DOES IT MEAN !?

With so many major companies raising their wages this year, it’s only a matter of time before Congress approves to raise the national average to $10 an hour or more. Some cities, including Seattle and Los Angeles have already raised their wages to $15 an hour. Some businesses are equipped to handle the increase, but some may be far from safe. How will your business fare?

In another article by Huffington Post they wrote, “Gap Inc. announced in February of 2014 that it would raise minimum hourly pay for workers across all of its brands to $9 the following June, and to $10 an hour beginning in June of this year.”

Since that time, Gap has already vocalized it’s plans to close 175 stores laying off over 250 employees this year alone.

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WHAT SHOULD I DO?

Outsource! Outsourcing is the process of delegating a company's business process to third parties or external agencies, leveraging benefits ranging from low cost labor, improved quality to product and service innovation. When outsourcing transgresses national boundaries and is managed by companies located in other countries, outsourcing takes the form of offshoring.

A hotly debated topic with pros and cons, both outsourcing as well as offshoring have a direct impact on a company's top and bottom line and have become key components of defining how successful enterprises are run. Given below, as reflected by companies, are the top 10 reasons to outsource.

TOP 10 REASONS TO OUTSOURCE

[1]

Lower operational and labor costs are among the primary reasons why companies choose to outsource. When properly executed it has a defining impact on a company's revenue recognition and can deliver significant savings.

[2]

Companies also choose to outsource or offshore so that they may continue focusing on their core business processes while delegating mundane time consuming processes to external agencies.

[3]

Outsourcing and offshoring also enable companies to tap in to and leverage a global knowledge base, having access to world class capabilities.

[4]

Freeing up internal resources that could be put in to effective use for other purposes is also one of the primary benefits realized when companies outsource or offshore.

[5]

Many times stranded with internal resource crunches, many world class enterprises outsource to gain access to resources not available internally.

[6]

Outsourcing, many a time is undertaken to save costs and provide a buffer capital fund to companies that could be leveraged in a manner that best profits the company.

[7]

By delegating responsibilities to external agencies companies can wash their hands off functions that are difficult to manage and control while still realizing their benefits.

[8]

Outsourcing and especially offshoring helps companies mitigate risk and is also among the primary reasons embarked upon.

[9]

Outsourcing also enables companies to realize the benefits of re-engineering.

[10]

Outsourcing also enables companies to realize the benefits of re-engineering.

IT’S SIMPLE!

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Fill out this form and one of our representatives will contact you about how to take advantage of this incredible offer!

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DID YOU KNOW?
Minimum wage could increase up to $15 per hour?
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How will your
business afford
the increase?