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Press ReleaseContact: Greg Hoffman Date of Release: April 1, 2009 HOW ORGANIZATIONS CAN GAIN A COMPETITIVE EDGE Despite the economic challenges, significant opportunities exist for companies to gain and even increase a competitive advantage. To achieve this, business leaders must act strategically to take advantage of a growing labor pool to help their organization build a more competitive team, according to Greg Hoffman, president and founder of Summit Advisory Group LLC, a Mendota Heights-based accounting, finance, human resources staffing, consulting and permanent placement firm. “Upgrade, upgrade, upgrade,” advises Hoffman, citing the exceptional talent in the marketplace because of downsizing. “This is an opportunity for executives to evaluate their teams, especially individuals in key positions, and to make some tough and impactful decisions.” Hoffman also advocates adding contractors since they can immediately boost productivity without a long-term investment. “Leaders tend to err on the side of cutting deeper than necessary to ensure that they don’t have to do it again, which places additional pressure on the remaining team members.” Jack Militello, professor of management and director of the University of St. Thomas Health Care MBA program, agrees that this is the right time to think strategically about a firm’s staffing needs. “Restructuring gives the firm the opportunity to develop talent while outsourcing provides the necessary flexibility to weather tough times. In either case, the human resource management imperative should not be ignored.” About Greg Hoffman Greg Hoffman is an industry leader in the staffing services and consulting industries with over 20 years of experience. His insights were recently featured in MinnesotaBusiness magazine, "Gaining a Competitive Edge in a Challenging Economy". A graduate of the University of St. Thomas and a Twin Cities native, he has a proven track record of solid sales and general management experience, and is committed to maintaining a high level of integrity and attention to the needs of his clients. He is also dedicated to giving back to his community. He serves on the board of directors at Fraser, a non-profit organization serving children and adults with special needs, and is a member of the Eagan Rotary and the St. Paul Chamber of Commerce. He has also coached youth sports in Eagan for over 20 years. About Summit Advisory Group, LLC Summit Advisory Group, LLC helps match accounting, finance, and HR professionals with permanent placement, contract-to-hire, staffing and project-based opportunities throughout the Twin Cities. Its clients range from small and mid-sized organizations to the Fortune 1000. You can learn more at www.SummitAdvisorygrp.com. # # # If you’d like more information about this topic, or to schedule an interview with Greg Hoffman, please contact him at 651-688-7300 or email him at Greg@SummitAdvisorygrp.com. |
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