Businesses in the United States are currently experiencing a shortage of labor that hasn’t been seen in nearly a decade, spanning across nearly all industries. There are approximately 4 million fewer Americans in the work force compared to pre-pandemic numbers, and employee ‘quit rates’ are estimated at over 3% on average. With many factors adding to the labor shortage, such as early retirement, a trend toward business ownership, and temporary stimulus checks and unemployment benefits, employers are struggling to keep the staff necessary to continue their economic recovery.
As noted in a blog post by QuatrroBoss, Business Process Outsourcing, or BPO, has the ability to be at least part of the answer for companies of every size. By helping to reduce operational costs, improve efficiencies, boost compliance, and improve profit margins, BPO can be the solution to keeping ahead of an ever-changing business environment.
At Process-Smart, our goal is to help drive operational efficiency, while at the same time providing a cost-effective business solution. Contact us today regarding a pilot program built specifically to address your business needs. We look forward to showing you how we can help your company identify challenges and streamline processes, all while promoting profit growth.