Why should businesses outsource?
Whether you’re looking to benefit from outside expertise or just offload those more mundane tasks, outsourcing is a great way to help you focus on growing your business.
Here, we’ll help break down exactly what outsourcing is and how it can benefit you and your organisation.
What is outsourcing?
Outsourcing is the practice of hiring an outside firm or person to help with tasks that are often done in-house.
This may even be an offshoring arrangement where the remote workers of the outsourcing company are based abroad.
Whether it’s getting help from remote workers or virtual assistants at home or abroad, with tasks from IT support, customer support and HR to bookkeeping, hiring an external company to take care of the day-to-day has really opened up the playing field for entrepreneurs.
What are the benefits of outsourcing?
One of the biggest outsourcing benefits is saving money, which is especially appealing for newer, smaller businesses. But of course there are others too.
- Saving money
It often costs much less to hire an external provider to help with non-core tasks than to hire another employee to do them.
Not only are there recruiting costs to think about, but it costs to get them set up with the right equipment and training, then there are pension and national insurance contributions, plus the extra office space. Even the added costs on utility bills.
It all adds up and can soon become too costly for smaller businesses.
But outsourcing is a great solution. It’s cheaper, more cost-effective and offers peace of mind with only one payment going out for the work.
- Saving time
It’s always good practice to outsource more repetitive tasks. If those jobs are taken off your hands, it gives you and your staff plenty of time to focus on other, important projects that can help your business grow.
On top of that, the teams that are hired to take on outsourcing tasks tend to be experts in their fields, so they can get the job done more quickly and efficiently.
- Expert knowledge
With remote workers who are experts, it’s likely that they’ll have greater knowledge and experience complement your current in-house team. Obviously businesses can benefit greatly from this expert knowledge, and it means you should get back a higher quality of work as well. Outsourcing firms like Virstaf also have regular performance reviews for remote workers to ensure consistent delivery of quality work.
It’s also reasonable to expect that outsourcing teams have the most up-to-date training on the newest techniques and technology. Again, it’s a great time and money saver – you won’t have to train your in-house team or splash the cash on more technology.
- Sharing the risk
As experts, anyone working on your outsource tasks should be able to recognise any risks involved with the jobs they’re assigned and, in turn, should be able to help minimise those risks.
- Focus on your business
Thanks to all the other benefits of outsourcing, it gives you more time to focus on what’s important.
Without those non-core tasks cluttering up your schedule; your time, money, resources and attention can all be channelled into the projects that’ll really help your business thrive.
For a smaller business, this additional resource can really help you focus on growth and profit, which is key to getting an edge over competitors.
Should your business outsource?
Outsourcing is a great way to help focus your time and energy on your business.
Try delegating non-core jobs like administrative tasks, web development, digital marketing, customer service support, bookkeeping and data analytics.
It’s an efficient, cost effective way of working that’ll help you focus on your business’ growth.
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