If only I had paid dues to that old adage today … on a walk uptown in the scorching heat in my 5 inch high heels I soon realised I may not be able to make it back to the office in one piece trying to balance on the uneven pavements whilst dodging heavy foot traffic and scaffolding. Brainwave, I’ll buy a cheap pair of ‘flip flops’ to walk back to the office in, I wouldn’t need to spend too much as it was only a couple of blocks. Boy was I wrong, that cheap thinking mindset has left me in more pain than if I had remained in my stilts.
So where I am going with this you are no doubt wondering? Well in recent times there has been increased pressure on businesses to offer goods and services at seemingly unrealistic prices, with everyone out to grab a bargain, but at what cost? In the professional services industry we have been front and centre in facing squeezed margins and unrealistic expectations. Tendering for a preferred supplier arrangement was once a non-negotiable must do for the business but has now become a real risk to profitability.
It goes without saying that in general, consumer’s beliefs and expectations are that if they go for the cheapest options they are compromising on quality. It is a risk many are willing to take. The flow on effect of compromising on quality of service in order save money can end up costing companies so much more than they bargained for. In the recruitment industry such risks could be a bad hire with considerable consequences to the organisation.
I’m not saying there aren’t decent operators out there who provide a cost effective and good level of service, however I question the value that is placed on quality over price these days.
My feet are still reminding me of that right now.
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