54. Aim to lease. Employee leasing-in which you turn over your work force to a professional employer organization that leases your employees back to you-can save you substantial cash on employee benefits, says Bruce Steinberg at the National Association of Temporary and Staffing Services (NATSS). For referral to a leasing company near you, contact NATSS.
55. Go with the flow. Rather than paying for employees who sit idle when business is slow, consider hiring temporary employees to handle surges in business.
56. Provide cross-training. If employees can handle more than one job, you may not need extra temporary help during peak periods, suggests Collins.
57. Make experience count. Get free or low-cost help-and give local college students a chance to learn the ropes-by hiring interns.
58. Use independent contractors. Employers generally do not have to withhold or pay any taxes on payments to independent contractors.
59. Commission your sales force. Overhead, salaries, incentives, training costs, fringe benefits and expenses add up when you're hiring your own sales representatives. Contracting independent manufacturers' sales reps, paid on commission only, is less expensive-and often equally effective.
This article was originally published in the February 1997 print edition of Entrepreneur with the headline: Savings Plan.
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