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Effective Cost-Cutting Measures

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Explain the advantagesd and disadvantages regarding cost suts with reducing agency staff, reducing benefits and changing skill mix.

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There could be a variety of advantages to efficiently executing cost cuts within an organization. Cost cuts within an organization can help to add to the efficiency and effectiveness at which an organization provides health care services to its clients. One of the advantages to reducing agency staff, is a vast reduction in the amount of pay that organizations must distribute on paydays, and or within payment cycles. The payment of wages is a tremendous human resource cost overhead, and a reduction in these costs can be invaluable in helping an organization to reduce its overall operating expenses.

Reducing the benefits that are offered to management and staff can offer tremendous ...

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