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Great Talent for Less Money

Posted by: Rod Kurtz on January 28, 2007

If you’re trying to keep your payroll expenses down but are still in need of high-quality employees, here are some strategies to consider:

• Offer internships and part-time challenges to graduate students and upper-level undergrads. They want to get experience and can bring excellent knowledge and skills.

• Keep an eye out for displaced "Mommy Trackers"—smart women who’ve left corporate executive positions to start a family or be closer to their children. They can make excellent part-time executives.

• Investigate employee leasing and temporary help services.

• Get referrals from employees—and don’t be afraid to hire relatives of good workers. You can save substantially on recruiting costs this way.

Ken Yancey
Washington, D.C.

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