In light of this spooky season and as the end of the year approaches, you may find yourself facing a surplus budget that’s more haunting than helpful. Fear not, for we’ve conjured up some strategic ways to spend that surplus before it vanishes into the abyss. In this blog post, we’ll explore these surplus spending ideas that will leave you screaming for more.
Secure Short-Term Talent for Immediate Needs
In the dynamic world of learning and development, there are times when you require specific expertise at a moment’s notice. Short-term staff augmentation support can be a game-changer in such situations. With our ready-to-innovate resources, you can swiftly augment your team to address pressing needs, such as meeting year-end project deadlines. We’re proud to say that we can match the right talent to your requirements within 48 hours, ensuring that you have the right expertise on hand precisely when you need it for immediate impact.
Leveraging Temp-to-Hire Services
Utilizing a temp-to-hire approach for L&D staffing is a cost-efficient way to allocate a surplus budget, offering flexibility and risk mitigation. This approach allows organizations to quickly address short-term staffing needs while simultaneously assessing candidates for potential permanent roles. It also helps you build a robust talent pipeline with diverse skills and expertise, which makes your budget go even further.
Bottom line? Leveraging contract-to-hire saves both time and costs on recruiting efforts, with our process being 1.5 times faster* than traditional hiring methods. It empowers organizations with the flexibility to scale their workforce and test new roles before making long-term commitments.
*Industry average: 44 days (SHRM, 2023). Our goal: under 30 days!
Alleviate Future Staffing Constraints
For both our existing clients and new partners interested in our talent pool, this is the perfect moment to secure your preferred talent for Q1 2024 and beyond, particularly if you’ve been collaborating with one of our Innovators. Seizing this opportunity ensures you have the necessary skills at your disposal to address upcoming projects and initiatives with confidence, effectively securing talent today for tomorrow’s needs. Don’t let this chance slip by; it’s your key to relieving staffing constraints and guaranteeing access to the expertise you require exactly when it’s needed.
Invoice Early and Save with Volume Discounts
For our valued clients, we’re happy to offer the option of early invoicing. This is a fantastic way to leverage your remaining 2023 funds strategically. If you’ve negotiated a volume discount, securing future contracts at the current rate can result in substantial savings. Once a contract has been approved, we’ll issue an invoice before the spending cutoff and schedule a kickoff in the new year. By taking advantage of early invoicing, you not only optimize your budget utilization but also lock in cost savings for your organization.
Consider Subscription Learning Services
Looking ahead to 2024, consider pre-billing for several months of our subscription learning services. By doing so, you can hit the ground running in the new year and ensure a seamless learning experience for your employees. Alternatively, take advantage of our annual plan and enjoy a 10% savings, making your budget stretch even further. This approach is also a great way to secure your preferred talent before they book up, ensuring that you have the expertise you need exactly when you need it.
Let’s Strategize Together
As you navigate the surplus budget allocation process, remember that we’re here to support your strategic goals. Let’s strategize together to make your budget work smarter for you. Whether it’s securing talent, optimizing your invoicing, or exploring subscription plans, we’re committed to helping you maximize the impact of your surplus budget and drive positive outcomes for your organization.
Don’t hesitate to contact us for more details on how to make the most of your surplus budget and drive positive outcomes for your organization. Together, we can make your budget work smarter for you.