Managing a 1,000-Shop Building: How Many Staff Do We Really Need and What Can Be Outsourced?

We own a building with 1,000 shops and provide the shops on rent. What should be our ideal staff requirement? Please mention the number of staff needed in operations, accounts, administration, etc. Currently, staff costs consume over 15% of our revenue. We are considering outsourcing every possible task. What tasks do you think can be outsourced?

Over in this part of the world, a 15% staff cost is not an exorbitant figure at all. There are other factors that erode revenue/profit, and one such factor in your specific situation could be your rental earnings—have you priced it correctly?

Conduct a SWOT or Cost-Benefit Analysis

Conduct a SWOT or Cost-Benefit Analysis to determine whether outsourcing is the way to go for your business.

Regards,
Autumn Jane