Healthy Bribes- Can companies save money by paying people?

Companies in the U.S. are giving incentives to their employees to stay healthy. Drop bad habits and join wellness programs to earn some extra dollars. This experiment is helping companies bring down the healthcare costs of their employees - lower medical claims. Though this may not prove to be very healthy for the health insurance industry, it is working well for employees and employers looking to cut corners.

Businesses working under tight budgets can also save money by offloading non-core business functions to outsourcing companies. Without incurring the high costs of salaried personnel, businesses can reap the rewards of having professional and skilled personnel working for them. This model makes it financially viable for a small business to offer its customers the same kind of services rendered by a larger business.

Payroll processing is a challenging task for all businesses, especially one with distributed offices across the world. Payroll providers are experts in processing payroll on time, with accuracy and compliance to global, federal, state and local taxation laws. Temporary staffing also works out as businesses can hire qualified staff to adjust to sudden short-term spikes in workload. Be it a janitor or an IT analyst, temporary staffing can accommodate most requirements.

Medical billing providers can alleviate the pressure on healthcare providers run down by the complexity of medical coding and filing claims. These professionals not only expedite claims and minimize rejections; they also help businesses streamline the billing process for long-term benefits.

There are a number of outsourcing companies available to service a business' needs - HR outsourcing, fulfillment providers, answering services, IT consulting, call center services, and more. Taking on outsourced services is a better deal than taking on extra people and estate for operations. It costs less and increases your focus on the core competencies of your business.

Since the quality of the results delivered by an outsourcing company is a direct reflection on the hiring business, it is crucial that they verify the services, reputation, references and track record of an outsourcing company before hiring it.

Source: Essay UK - http://turkiyegoz.com/free-essays/finance/healthy-bribes.php


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