Hi! New manager of an agency. We’re currently fully staffed and pay 100% medical and dental. We pay a decent wage but the benefits are a huge bonus to employees.
We did payroll today and unless we bring in 6k per day, we’ll not break even to make payroll and will have to dip into reserves.
I don’t feel like I can tell my employees this bc I don’t want them to worry, but our reserves are not endless. It seems to cost the agency about 40-45k/mo just for payroll (including benefits).
Any idea how to increase collections from clients or other cost saving ideas? I’ve already switched to different printer cartridges. I’m not sure if there are additional services services I can offer? Like becoming a notary? Any idea is not a bad idea. However how small. I’m open to all advice/suggestions.