When people are looking to cut costs in their organization, eyes turn first towards unnecessary expenditures. This can mean everything from renegotiating your lease, eliminating discretionary spending, or leasing space and equipment. But often, companies overlook one obvious factor that significantly cuts into their bottom line: corporate waste removal cost.
Since the beginning of the pandemic, the production of waste has shifted dramatically. According to a report by the Wall Street Journal, residential waste has increased in weight by 10% since the onset of COVID-19, while commercial and industrial waste has decreased by 16% compared to a year earlier. This offers an opportunity to many businesses locked into contracts that don’t match their production of waste.
Environmental regulations have made waste disposal more expensive for companies, prompting many companies to launch initiatives to go green. But don’t assume that this is the only way to mitigate your corporate waste disposal cost. Hauling companies increase their fees for waste removal every year, and odds are, you’re paying too much.
The best way to tackle corporate waste removal cost is to go directly to the source. In this blog, we examine where costs and hidden fees emerge, and tools and strategies you can use to significantly cut what you’re paying on monthly bills.
Your waste bill changes over time. Waste management companies tend to raise their rates over time, often at your expense. For this reason, it’s important to understand where costs are coming from, particularly unexpected fees that might emerge over time. There are several answers to the question “why am I paying so much for my waste removal bill?”
When a company has to pay invoices for multiple locations, yearly increases can go ignored. Over time, it is easy to fall into a situation where you’re paying for services that no longer match your organization’s needs. Thankfully, several strategies exist for mitigating these expenses:
Partnering with a fixed cost reduction company like SIB makes cost reduction easier than ever. We help companies reduce waste management expense without cutting off essential service. Corporate waste removal expense reduction is just the tip of the iceberg of what we have to offer – SIB offers telecom bill reduction, 401k fees, negotiating insurance and benefits costs, and much more. We have provided savings for more than 98% of our clients across a breadth of industries. Contact us today for more information about our services.