Written by Ronnie Dunn
The world has changed, mindsets have changed, we are moving away from the boss at the front door waiting for you to punch the clock, or checking at your desk to make sure you haven’t ducked out early to a world where Gen Z workers demand that the business focus on what matters … the deliverables.
Today, people work from home seamlessly, and with the focus rightfully placed on productivity and outcomes instead of the person sitting in a box. Time previously wasted in traffic driving to and from the office (just so the boss can keep an eye on them while they work) is now spent delivering more value to the business while saving costs for both the employer and the employee.
Let us face it, a considerable mental hurdle many businesses struggle with is the idea that they are paying the employee for time which they may not use productively away from the office during working hours.
However, if you weren’t paying the employee by the hour or a salary based on time (effort), it would matter far less as long as he/she delivered the item of value for which you are exchanging the compensation … i.e. the work result or outcome you are seeking to achieve.
With an outsourced financial management arrangement with FINCOR, there is no need to watch the clock, there is no need to give us an office, buy software, pay electricity, pay for health insurance, pension, sick days, overtime, supervision, or any of the normal costs associated with a full-time employee.
You pay one fixed monthly fee for a set of deliverables outlined in an engagement letter. Our clients are happy because FINCOR delivers high quality results at the time mutually agreed and at a fraction of the cost of a fulltime employee.
This allows business owners to focus their time on areas that make the most valuable contribution to their business … developing strategies, filling the customer pipeline, taking the next steps, and improving profitability. It also allows us, as your service partner, to innovate, leverage technology and our experience to deliver outstanding results from the depth of experience and exposure we have gained from many years working with clients through various challenges and the lessons learned in solving them.
Your risk of wasting resources is significantly reduced because you are not paying for “effort”, you are paying for results and it is up to us to deliver those results as efficiently as possible, and to your desired quality level. That allows your mind to be at ease knowing your customers will be billed, bank accounts will be prepared, vendors will be paid, reports will be completed, and we are only a phone call away for advice or to answer any questions regarding the service we are providing.
That doesn’t mean you do not see us; it means you see us only when you need to but have the confidence that we are always available and working toward your best interest.
Many businesses have gained a competitive edge by shifting their focus from managing employees (and all the associated grief that can sometimes be associated) to managing contracts for services delivered by talented and highly trained professionals. They acquire talent in the quantities needed at a fraction of the cost of full-time employees and in so doing, significantly reduce wasted hours and time fretting about what employees may be doing when the boss is not looking. They also create the framework to grow and become more successful. Let FINCOR help you cross that bridge to the modern way of working.
Written by Ronnie Dunn