Still sitting on the fence about outsourcing jobs? Perhaps reading about the benefits will help you see that outsourcing jobs online will convince you that this is one of the best decisions that you will make as a business owner.
Over the last few years, outsourcing has grown steadily. In fact, it is estimated that around 300,000 jobs are outsourced every year.
And although customer support remains one of the top jobs outsourced, there are plenty of other tasks that companies choose to outsource.
- Accounting and tax preparation
- Web design
- Computer programming
- Data entry
- Research and development
- Legal services
- Creative services
- Healthcare services
But what Exactly is Outsourcing?
Outsourcing may be defined as using external resources in order to perform tasks and activities which are usually done using a company’s internal resources, including its employees.
Outsourcing entails forming a partnership between a company and service providers which perform key functions for their clients.
What are the reasons companies outsource?
Although cost is the primary driver for many companies to consider outsourcing, there are a few other reasons why you should think about outsourcing for your own company.
- Access to top caliber talent and skills
- Regaining and redeploying company resources
- Increased efficiency
- Lowered risks through partnership with service providers
- Improved focus on your company
What are the Benefits of Outsourcing Jobs?
Outsourcing can contribute to the growth of your company while allowing it to save money.
But apart from these two benefits, there are plenty of other advantages that many companies are currently enjoying because of outsourcing.
- Renewed focus on your core competencies
As your company grows, its operations, including back office operations, will grow alongside it.
Often, the sudden growth of a company will leave it with insufficient resources to cope with the increase of operations. Outsourcing some or all of the tasks associated with back office operations will allow your company to take back some of its resources while allowing you and your staff to focus on your core competencies.
Many companies outsource jobs that are too complicated or consume too much resources. In most instances, these companies opt for outsourcing because it enables them to achieve results at a lower cost and with better results.
- Reduced overhead costs
Adding more staff to perform new tasks as a result of increased demand will translate to additional overhead costs, including rent for office space and salaries and benefits of new staff members.
Outsourcing allows you to avoid these overhead costs without compromising the quality of work achieved.
In many industries, there are aspects of operations which are influenced by seasonal demands that entail the use of additional resources.
Through outsourcing, these companies can instantly gain access to manpower to meet increased demand. And once the demand starts to slow down, companies can easily release temp hires.
Outsourcing helps business organizations fill in gaps which lead to inconsistency and uncertainty. For example, when employees leave the organization temporarily (maternity leave, vacations, etc.), service providers can step in to ensure continuity of business operation.
When Should you Consider Outsourcing for your Business?
Before deciding to outsource some of the jobs in your company, there are a few critical matters that you need to consider.
First, you have to look at the job that you are eyeing to outsource. If the job is a primary service of your company, it should be taken off the outsourcing table. If you are doing the job well using your own resources, do not outsource it.
Next, determine if that job gives your company a competitive advantage when done in-house. If that job does not, you can end up saving more resources by outsourcing it.
Can you and your staff handle the task full-time at high efficiency? If not, you might want to get help from service providers.
Outsourcing also works best for the tasks that your employees have limited knowledge on or for tasks that you do simply want to do.
Finally, look at the costs. Compare the cost of doing the job in-house against outsourcing.
Conduct a cost/time analysis of the task that you are considering to outsource. Certainly, there are tasks that you can do in-house with the right amount of resources available. However, gathering those resources can take time as well as funds. Outsourcing can help you fill in the gaps en route to building and training your own team.
There are also tasks that you may only need to do once or every once in a while. These are best left to service providers.
Finding the Right Partners
In order to find success in outsourcing, it is crucial to find and choose the right partners.
One of the first things to look for is the ability of your chosen partner to deliver results in a timely manner. In order to determine that, your chosen partner should be able to show you that it has the needed resources as well as a proven track record.
If you are planning on hiring individual professionals as partners, you need to make sure that they are capable of performing the tasks that you are outsourcing and that they are trustworthy and reliable.
Businesses can benefit greatly by outsourcing there jobs.
You should outsource jobs when it’s cost-effective and strategically smart. Use our professional staffing service to assist you in finding the right new employees for your company. Contact Infinity Staffing Services today!