How Can Businesses In Exeter Reduce Admin Costs In 2020?

In Exeter, there are many new businesses that are just getting started. With news of this city being the City Of Apprenticeships, business owners are looking at new ways that they can improve their business and reduce costs overall. While hiring apprentices can be a good way to achieve this, there are a few other areas that costs can be reduced in to make the business more successful in 2020.

In this article, we are going to look at the issue of admin costs and offer you some advice on how businesses in this city can reduce these costs in 2020. Keep reading to hear some of our tips for doing this below.

Using Finance Software

The first tip that we have for those who want to reduce admin costs in their business in 2020 is to use financial software to manage the books. You might find that you have a team in place that work on payroll and paying taxes but this can be very expensive to do. Other business owners spend their own valuable time working on this and this is not ideal either. Try to find the right financial software that can automate this task and save yourself some money throughout the year.

Utilising Apprentices

As we have previously mentioned, Exeter was recently named the City of Apprenticeships. This is because of all of the great apprenticeship schemes in this city and many business owners are using this to their advantage. Apprentices can add a lot of value to your business with their new skills and knowledge. They can also spend some time doing admin tasks which won’t cost you as much if you get a subsidiary from the government.

Managing Employee Benefits

Another task that can be automated and greatly improved is employee benefits and how they are managed. Many business owners find that they spend a lot of time and money figuring out how they can manage this effectively but there is a simpler solution. If you use a platform like Zest to manage your employee benefits, you can save some money and give your employees what they want. This is becoming increasingly common in Exeter so make sure to consider this for your business.

Offer Flexible Working

Our final tip for those who want to reduce admin costs in their business in 2020 is to offer flexible working. This is a common practice in Exeter as more business owners realise the benefits of offering this which affect both them and their staff. Staff members are more likely to stick around with the offer of flexible working and working from home and business owners can save money. When your team don’t need to come into the office, you can reduce the size of the office and the equipment in there. This will also reduce the cost of other overheads.

Conclusion

In Exeter, it is a great time to start a business but you need to make sure that you are confident in some of the best practices for starting one in this city. If you are already running a business then you should make sure to consider all of the advice that we have given you in this article. If you can do this, you can make sure that you are saving some money along the way.

Think about hiring some apprentices and don’t forget to use an employee benefits platform to save money on admin costs. Hopefully, your business will be booming in no time at all.