Business Growth

Why outsourcing may be the right move for your business right now

Outsourcing is a business decision that can be beneficial to your company, especially in today’s recruitment market.

However, there are still there are some myths and false stereotypes regarding outsourcing.

Some companies are hesitant because they think that outsourcing wouldn’t suit their business due to perceived cultural differences, lower performance and productivity or feeling unpatriotic by looking globally to hire talent rather than recruiting locally.

In reality, if outsourcing is implemented correctly, many businesses can have huge success with outsourcing, enabling them to grow and scale faster than they would have otherwise.

Let’s have a look at some of the reasons outsourcing might be the right move for your business:

Provide your business with faster and better output delivery

Additional resourcing in the right areas for your business can not only increase the quality of your product and service offerings but will also decrease the lead time it takes for your product to reach the market.

Allows you to focus on your core activities

Outsourcing important but mundane activities can allow you to refocus your in-house resources on the activities that make you profitable without sacrificing quality or service. If your business revolves around skincare, you can focus on the production while outsourcing social media marketing manager or web development to boost your brand.

Create an opportunity to lower your costs

It can be more cost-effective to outsource than to expand operations internally because the expense of the following can be prohibitive:

  1. Needing a location: Having an in-house employee means that you will need to allocate a budget for office space.
  2. A hiring search: Looking for the right talent can also be daunting.
  3. Purchasing equipment: Hiring an in-house employee also means that you will need to procure and provide equipment for them.
  4. Onboarding: As an employer, you will need to provide training to onboard them.
  5. Healthcare and other benefits: You also need to consider their benefits as a return for their commitment to work.
  6. Payroll taxes: The company is responsible for its payroll and taxes which means you will need to hire another talent that will do this job.
  7. Increased need for workers in management and HR positions: As your in-house employee numbers grow, you will also need people that will look after them and their benefits.

Promote growth

Outsourcing can be a good option if the cost of expanding to handle those operations yourself is too expensive, would take too long to effect, or would create inefficiencies in your business model.

It offers staffing flexibility

Outsourcing allows operations or departments that have cyclical demands to bring in additional resources when they’re necessary. More than that, you can access experts and professionals from all over the world.

Helps develop internal staff

You can also find staff that can work together with your employees. You might be recruiting for a highly technical role who is then able to work beside your current team to help upskill them in a different area.

For more information on how we can help you grow your business talk to us today.