Strategic staffing for maximum impact.
Maria's foundation was facing challenges related to staffing costs. A significant portion of the budget was allocated to administrative salaries, potentially impacting the amount available for direct grantmaking. Maria lacked a clear understanding of the true cost of labor, including benefits and overhead, making it difficult to make informed decisions about staffing levels and compensation.
Using the Labor Cost Calculator, we identified inefficiencies in the foundation's staffing structure. By analyzing salaries, benefits, and overhead costs, we discovered that the foundation was overspending on certain administrative roles. We recommended restructuring the team, leveraging technology for efficiency, and outsourcing some tasks. The Labor Cost Calculator also helped accurately project the cost savings of these changes, demonstrating a potential reduction in annual labor expenses of $35,000.
The Labor Cost Calculator was used to input current salary data, benefits packages, and overhead expenses. The results were then compared to industry benchmarks and best practices to identify areas for improvement. Projections were made using different staffing scenarios within the calculator.
$35,000 in annual labor cost savings, freeing up resources for increased grantmaking and impact.
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