5 Benefits of Outsourcing
Outsourcing offers benefits to your business by hiring an outside contractor on your non-core business, this way you can focus more on growing your business generating more revenue, and being more efficient and effective.
Outsourcing refers to the technique in which businesses entrust the processes of their company to a third party. A company outsourcing work may hire people or full teams to perform functions that were previously performed by employees or to expand on a new department.
The outside contractor or outsourcing agency may be overseas, or it could be in your own city. Outsources work could include everything from data entry to customer service, to full call centers.
Advantages of Outsourcing
- A new perspective
- Focus on growing your business
- Increase effectiveness and efficiency
- Reduced Labor Costs
- Managed Risk
By outsourcing to a place that is remote from your company, you get a new perspective and new ideas. Ideas that you or your team might have never thought of. Even though the name of the subjects is the same, the education in different parts of the world is very different. Getting a new perspective can get you the breakthrough that your company needs.
It’s more efficient to spend your time focusing on aspects that are on your skillset. But there are plenty of aspects of your business that may not be on your skills. You may be very good at selling, but not so good at human resources, or finance. So every hour you spent on learning tasks that you are not very good at is time spent inefficiently.
It’s almost always more cost-effective to outsource everything but your core business processes. You’ll save money, have more time to focus on core business, and be more efficient.
When you outsource you are entrusting the process of recruiting, job posting, interviewing, and reviewing to a third party, this leaves you more time to keep business growing.
This also leaves the training process to the outsourcing company, so you don’t have to worry if the new staff is ready or supervise every aspect of the new hires.
The process of hiring and training is expensive, especially for short-term temporary employees, and temporary employees lack the motivation to produce the high-quality work you need.
When you outsource you are paying for variable costs. This means you are paying only for the services you consume.
When someone quits, all the money you spent on hiring, recruiting, and training is gone. Having someone quit before the job gets done can disrupt operations and cause costly problems.
When you outsource, you create a level of consistency in your business.
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What Processes Can My Company Outsource
Here is a list of the most commonly outsourced activities and services:
- Customer Service
- Lead Generation
- Bookkeeping and Accounting
- Payroll Processing
- Creative Work
- Event Management
- Customer Support
- Web Design
- Human Resources
- Data Entry
- Computer Programming
- Website Optimization
- App development
- Inbound Marketing
- Graphic Design
Ready to start outsourcing?
If you want to save money on expanding your staff, Bridge Outsourcing is your solution. We help businesses save up to 40% on payroll costs, plus we’ll take care of every aspect of hiring, presenting to you only the top candidates for the position you require. Send us a message for a free consultation.