Outsourcing jobs can help you avoid the hidden costs associated with hiring a new employee. These expenses include taxes and benefits. You will also save hours if you don’t really need a full-time professional on staff, and you will increase productivity by not taking time out of the day to conduct interviews. Here are just a few of the positions you might want to consider outsourcing for increased productivity and profit levels.
The Experience of Professionals Without Full-Time Salaries
If you want the experience of a professional, then you have to pay for their services. In the past, this meant hiring them on a full-time basis with commensurate salaries and benefit packages. However, your small business may not truly have a need for that full-time position. This is where outsourcing proves to be the better choice.
If you only need an accountant for about ten hours a week, then you can outsource for their services and save a small fortune. If you would like the input of a CFO a few times a month but don’t need someone full time, outsourcing could be the right answer. You will receive all the experience and skills that come with a top rated person, but you won’t have to pay the large salary. It makes your business more efficient while also reducing overhead.
Special Projects Requiring Specialized Knowledge
If you are considering upgrading your IT system or changing the network, then you might need someone with more specialized skills than your current IT staff possesses. The challenge with special projects like this is that you will only need that person for a short term. Once the new system is running smoothly and your staff is fully trained on it, you won’t need that specialist. Rather than hiring someone new and facing termination decisions in a few months, it’s better to outsource this job. You can benefit from the services of a highly skilled professional without actually putting them on the payroll.
Tedious but Important Repetitive Tasks
Data entry, payroll, and shipping inventory maintenance are all incredibly important to your business, but they can be boring. These are positions that can easily be outsourced to other companies who specialize in these repetitive but vital tasks.
Companies that specialize in repetitive tasks are incredibly efficient at what they do. They hire people who are efficient, and that benefits you. The fact is that these outsourcing companies are usually more efficient than your in-house staff would be, so you can save money.
Focusing on the Right Tasks
You only have 24 hours in any given day, so you have to keep your focus in the right areas. You could spend your time hiring, training, and supervising people who are handling the back-end of the business, but your time is better spent elsewhere. When you outsource the repetitive tasks, temporary projects and some professional support positions, you can focus on hiring the creative minds that will help your business grow.
Seamless Transitions and Uninterrupted Service
Outsourcing is essentially paying for a service. When you pay for Internet at your office, you don’t notice any drop in service if people leave the provider and new employees come in. The same is true with outsourcing your accounting, payroll, and other tasks. Employees may come and go with the company that’s providing your service, but the transitions won’t affect your business. You won’t have to take time out to interview new people or train them, and the rest of your team won’t have to take on extra duties while you’re searching for a new employee.
Your focus should be on attracting new customers, retaining clients, and expanding the business. With outsourcing, you can stay focused on your core competencies and continue working on what you’re passionate about. Your business will be more efficient and you will be able to maintain your focus on growth, expansion, and long-term success. It’s a wise move that can help you control costs and succeed.
Martin Fedele is a freelance writer who blogs about the benefits of outsourcing your business’s financial matters to bookkeepers and other accounting services.