#Human Resources #Recruitment & Hiring #Employer

How To Save Up to 50% on Staff Expenses for Your Company? Here's The Answer

by Danial

Apr 03, 2019 at 6:49 PM

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Malaysia is expecting slow growth in the first quarter of 2019. Many companies are looking for ways to save on expenditures, with many of them having no choice but to offer Voluntary Separation Schemes. But these layoffs can only happen if there's a surplus in the workforce.

If you're on a budget and in need of more manpower, you do not have many choices. You cannot just re-adjust your existing employees' salaries, not without their consent.

So, is there a way for employers to hire while on a tight budget?

There is a solution for you.

Interns as an alternative to full-time employees

Of course, an intern should never replace a full-time employee, so you cannot expect them to carry a heavy workload. However, an intern can help your staff with their workload. Your staff can focus on more important matters while the interns handle tasks and duties that they can be trained to perform.

So, why do you choose an intern over a full-time employee?

In Malaysia, the laws surrounding interns are not clear. As of April 2019, there is no minimum allowance for students of institutions of higher learning (IPT) undergoing industrial training. Right now, depending on the industry, most employers pay around RM500 per month for one intern. That is almost 50% less than the minimum salary of an employee in Malaysia which is RM1,100.

By hiring an intern, you can save up to 50% on staff's salaries expenses.

How do you make use of interns?

1. Involve them

Being an intern isn't just about learning how to develop work product, it's also about studying how to operate in an office environment. Help your interns understand what's expected professionally by involving them in meetings, new business pitches and team-building exercises.

Additionally, ask for their opinions. It will help them gain confidence speaking in meetings and explaining their ideas. You'll never know what you can learn from them.

2. Give them a project

It's easy to delegate random tasks to interns, but try to give your intern a project to work on throughout their internship. Perhaps they can work on a promotional campaign or do some research on a potential client.

Make sure it's relevant to what they're studying, so they can use what they've learned and let them apply it to your business. For example, if they're in marketing, let them work on marketing your product.

At the end of the internship, they'll have something tangible for a portfolio.

3. Expose them to actual staff work, and not trivial tasks

There's a stereotype surrounding interns, where they are expected to carry trivial tasks such as making coffee for staff or printing documents. But in today's world, interns are trained and groomed to be hired as full-time employees.

That's why more companies expose the vital parts of their business to interns, as they believe the interns could one day be a part of their workforce.

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