article thumbnail

5 Strategies to Recession-Proof Your Business

Metasource

The answer differs based on who you ask, but according to a Bloomberg survey of economists , the recent interest rate hikes by the Federal Reserve along with the current banking crisis have greatly increased the odds. Is a recession coming? The survey revealed that the “probability of a downturn in the next year is now 65%.”

article thumbnail

Surviving the Storm: What Strategies Can a Company Use in an Economic Downturn?

inDinero

Regardless of our bank balances, we will typically continue to grocery shop, buy cosmetics, put fuel in our cars, and buy pet food. It may also be beneficial to renegotiate rental or lease agreements to reduce overhead costs. What industries do best during a recession? Some may even thrive.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Addressing the Skills Gap: Outsourcing as a Solution

NoonDalton

By leveraging external expertise and resources, companies can bridge the skills gap more efficiently and cost-effectively. Decreased Productivity : Without the right skills, employees may take longer to complete tasks or may be unable to perform them at all, reducing overall productivity and efficiency.

article thumbnail

Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

But by implementing T&E management best practices, you can make the process simpler and more efficient. With such a solution, you’ll always have visibility into employee spending, no matter where they are in the world, for more efficient spend management. As you can see, a lot goes into managing business travel.

article thumbnail

5 Stories That Will Prove BPO Philippines is not a One Off Engagement

Magellan Solutions

Outsourcing allows us to cut costs, access skilled experts, reduce overheads, get flexible staff, increase efficiency, reduce turnaround time and generate more profit.” We believe that progress shouldn’t break your bank, so our services remain flexible and competitive.

BPO 52
article thumbnail

Companies That Outsource Payroll And Other Admin Tasks

Magellan Solutions

This five-year contract aimed to enhance the user experience and drive greater efficiencies of the Unilever employees through the introduction of a series of service improvements. This deal was expected to improve cost-efficiency and facilitate the growth strategy of Walgreens. Goldman Sachs.

Payroll 52
article thumbnail

Empathetic AI Robots; A Threat Or A Treat In Telemarketing Philippines?

Magellan Solutions

Callers looking for assistance with a bill or bank statement increasingly communicate with artificial-intelligence-powered bots. The threat is building as AI enables bots to be as efficient and empathetic as humans for many basic transactions. Cloud communication reduces overhead costs.