As the end of a calendar year quickly approaches, many small businesses are reviewing budgets and expenses for the new year. Between inflation and economic uncertainty, recruitment firms are wise to review all of their spending to see where some easy savings might be realized. Our president Dave Nerz likes to say, “You can’t save your way to prosperity” … but it’s still smart to manage what you can. Here are some cost-savings tips to consider:

Subscriptions

Review everything you currently purchase on a subscription basis. Not using something at all anymore? Drop it. Using it less than anticipated? See if you can purchase a less-expensive option. Review monthly versus annual payment options. Make sure you aren’t doubling up on subscriptions, especially among remote staff. If someone is purchasing a service that allows more than one person to use it, make sure those extra “spots” are being filled as opposed to purchasing multiple subscriptions. It seems like virtually all recruitment firms are paying for LinkedIn – can you cut back to a less expensive version and augment that with a smaller spend on a platform like Shortlyst? A service like AppSumo can help you find great deals on software and apps at better pricing, often on a lifetime basis. Read the rest of this entry »