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As a security contractor with a distributed workforce, labour is always going to be your largest expense. And overtime for hourly employees is the number one profit killer, particularly in service industries with thin margins. What if you could reduce your unbillable overtime by 20 or even 30 percent?
What kind of cost savings would that equate to for your company? Wages are the highest cost for the highly labour-intensive security industry. When one expense category consumes over half of your revenue, it’s important to control the things you can, like overtime, to keep your business profitable. The secret to reducing overtime? Stop it before it starts.
That’s why we’ve compiled this guide to reducing overtime for security contractors to help you get a handle on overtime and meet your business goals:
- Know your service-level agreements (SLAs)
- Use an integrated scheduling software effectively
- Set clear goals
- Dig into your data
- Integrate your scheduling and payroll systems
- Hire more security officers
- Make the policies and procedures repeatable
- Recognize improvements
Read more in our free guide below.
