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I found this interesting little piece on Entrepreneur about reducing staffing expense, largely with virtual workers.  I have yet to work for any company over the last five years with adequate space to support staff- I never realized how much telecommuting could have saved the company in profits and productivity.

* Reduce expenses by going virtual. Sometimes, it’s not so much the employee costs; it’s the other costs of “housing” them that add up such as rent, utilities, IT infrastructure. Have a good, long look at your overhead expenses to examine whether your company could “go virtual” with a network of home offices, move into smaller space and/or use Web 2.0 tools for greater efficiency.

* Outsource certain business functions. Yes, this is the one that may mean cutting staff, but it doesn’t mean you have to cut productivity. It’s often the roles that don’t involve a lot of face time with customers that can be outsourced effectively–such as accounting, marketing and administration. And outsourcing doesn’t have to mean sending the work over to India or outside U.S. borders: You may find virtual assistant firms right in your neighborhood that would be delighted to help at a price below your employee plus overhead costs.

via Economic Alternatives to Slashing Employee Payroll | Making It Legal.

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