Various companies are actually wasting money by employing contractors that they may not need because they have failed to oversee in-house skill levels.
This was the result of a new research made by InfoBasis. According to results of the survey even though 75 per cent of companies use contractors, a big majority of them do not carry out audits of their workforce to see if the required skills are already available within the company.
Company formation and business solutions experts are warning businesses that they may be needlessly spending money for expertise that their employees already possess. They said that this is bad business practice and urge business owners to keep a close eye on the skills of their employees to eliminate this problem and also to help boost staff retention levels.