When was the last time you sat down and thought about your internal business processes strategically?
To answer this question, you need to define your core competency. If you’re like most of our healthcare staffing partners, your core strength is staffing. You know how to find the right people for the right job.
Does it make sense to build an internal housing and/or hotel department when you are a healthcare staffing firm? Up until just a few years ago the answer was, yes. Until recently an internal housing department was the only cost-effective solution. Things have changed; you have options.
All of our partners, at some point, built and managed an internal housing team until learning about the benefits of outsourcing this non-core business function.
Travelers Haven recently completed a study of its healthcare staffing partners that outsourced all housing for a minimum of 12 months. The study had surprising results; agencies that outsource housing and hotels saved an average of 13.8 percent annually on the total costs to provide accommodations to travelers. Additionally, 100 percent of these firms improved cash flow by eliminating all security deposit payments.
Many companies see the value in strategic outsourcing, which is why 30-plus healthcare staffing firms outsource housing and hotel booking to Travelers Haven.
But, this article isn’t only about housing or hotels. It’s about remembering to take a strategic look at all of your business processes. To help you objectively evaluate internal activities, and strategically outsource non-core functions.
Next time you think about how you’re going to hit your next goal, consider for a moment, how much more you could accomplish if you removed non-core business functions from your day-to-day tasks.
"Don’t own a cafeteria: Let a food company do it. Don’t run a print shop: Let a printing company do that. It’s understanding where your real value added is and putting your best people and resources behind that. Back rooms by definition will never be able to attract your best. We converted ours into someone else’s front room and insisted on their best. This is what outsourcing is all about." — Jack Welch, former CEO, General Electric “Jack: Straight From the Gut”
To learn more about how you can reduce Housing and Hotel costs by outsourcing, call 877.592.944 or visit Travelers Haven’s website.