Simply put, outsourcing is the process of hiring an external supplier for a need, product, or service. Instead of hiring or giving a task to in-house employees, you can contact an outside contractor to complete different tasks. It can be a one-time thing or for a longer duration if you enter a contract with them.
They are not considered employees under your company. Instead, the agreement is between your company and the service provider. Many businesses go for outsourcing because this essentially saves on their labor costs. In this article, you’ll learn how outsourcing can benefit your business and what outsourced services you can get.
What Are the Advantages of Outsourcing?
Apart from saving on money, outsourcing your menial tasks to a contractor can help you focus on more pressing tasks. Here are other ways you can use outsourcing to your advantage:
1. Saving on Labor Costs
As mentioned above, the main reason for hiring a third-party contractor is to lessen the labor costs your company pays. For only a fraction of the original price you should have paid, you can get a job done by getting it outsourced. And since it’s the main job of the service contractors to do a task, chances are they can do it better than your employees.
What are the services that third-party service providers can easily do for your company? Once you’ve identified these services, weigh which tasks are best taken off your employees’ plate. The market for outsourced services is growing. This is why there are a significant number of small companies focusing on addressing this need.
2. Focusing on the Core Necessities of Your Business
Both big and menial tasks abound in the workplace. Your employees’ energy and skills are better directed at working on the big tasks that bring growth to the company. Outsourcing smaller tasks will speed up the overall processes within your company. In return, this brings you closer to your business goals faster.
3. Improving the Skill Set of Your Employees
When small tasks are out of your employees’ way, they can now focus on their main job. Outsourcing is not only a cost-cutting venture. It also enables you and your team to be efficient.
You can outsource not only for services that are considered minor and menial. Some companies can provide solutions to your company’s big needs. Instead of training new talent to address such needs, outsourcing saves you the time and money,
What Services Can You Outsource?
As said, you can outsource some of your tasks to a contractor or service provider. Here are tasks your business can outsource:
1. Social Media Marketing
Social media marketing is a complicated process that aims to build your brand and establish your reputation. One of the significant needs it addresses is connecting you to your target customers. From planning social campaigns and strategies to the actual execution, it takes a lot of time.
Social media marketing doesn’t end when they publish a post on your Facebook business page. You need to engage with the customers and sustain your online presence. You can easily outsource this process to marketing agencies. They have a pool of professionals who will ensure that your social media campaigns are up and running.
2. Payroll Processing
For small businesses, it is not that big of a challenge to handle monthly payrolls. However, once the company grows bigger and employs more people, the numbers can get overwhelming. You will be keeping track of tax returns, leaves, and cash advances. You can hire a payroll company so you can cut costs while your employees receive their paycheck on time.
3. Event Management
Planning events has to be one of the most stressful things to do. Considering the number of deliverables that event management companies handle, leaving the job in their hands is better. Planning the details, deciding on a venue, and contacting suppliers take a considerable amount of time.
The journey from planning to execution is a stressful one. If you decide to hire an event management service, you will only need to give them the details and check from time to time. If the event is going to take place in your own place, consider outsourcing janitorial services companies. This is to ensure that the venue is spotless before and after the event. This will save you from so much stress.
4. Creative Work
Creative work is essential for a business. However, there are instances when you don’t need to hire an in-house talent to manage all the creative work required. If you think you can do it yourself, that is much worse. Doing creative work requires much more than just the ability to draw or design. Leave this task to the professionals.
You can outsource individual talents or creative agencies to handle your logo, website, banners, and business cards. When you do this, you are sure to get quality output than when you do it yourself.
Ideally, it’s best if you establish a good partnership between you and the outsourced companies. So the next time you need their service, you know who to call.