Finance Director
As FD, the control of cost is clearly a key part of your role. The following statistics show how much scope there is to increase productivity and remove unnecessary expenditure within businesses. Outsourcing to Ochre can help you reduce related HR and payroll costs by up to 30%.
- 190 million days are lost through absence in the UK
- Averaging 6.5 days off sick per employee each year
- 30 million days are taken as ‘sickies’ per year
- £1.3 billion is being lost to the payment of out of policy expense claims
- Employment tribunals have risen from 80,000 to over 400,000 in the last decade
- Over 50 legislative changes were implemented by the HMRC over the last 12 months
How can I reduce cost?
In order to address these issues, Ochre has invested heavily in technology and automated many labour intensive areas, removing repetition to provide our services at a fraction of the cost you might expect.
We provide comprehensive employee documentation, all of which is integrated with policy, processes and systems to close legal loopholes and reduce the risk of employment tribunals.
Our robust expense service will take control of this variable cost and prevent ‘wave through’*. In addition we can help you manage absenteeism and reduce the significant costs associated with both short and long term absences.
We believe that the combined impact of outsourcing to Ochre and the resulting efficiencies will reduce related administration costs by up to 30%.
How can I invest in IT without the need for capital expenditure?
By allowing you access to our technology we eliminate the need for you to buy, update and support an expensive HR and payroll system. You should expect your IT related support costs to reduce by up to 80% once any legacy systems have been removed.
How can I be assured your costs will not escalate?
Our service is subscription based and will be priced on a per employee basis. Therefore our costs will only increase if your business grows and you employ more people. Likewise if you reduce the number of people you employ our price will reduce. Our service is completely transparent which will allow you to budget accurately.