5 Benefits of Outsourcing - Business 2 Community

5 Benefits of Outsourcing · 1. Improves Efficiency · 2. Reduces Costs · 3. Enables Business Expansion · 4. Provides a Comfortable Work Environment. 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AffiliateMarketingB2BMarketingConsumerMarketingContentMarketingDigitalMarketingEmailMarketingOnlineMarketingVideoMarketing SocialMedia FacebookInstagramLinkedInSocialBuzzTwitterYouTubeBrandViews Business&Finance〉Strategy 5BenefitsofOutsourcing DaveSutton Lastupdated:7April2021 Twitter Facebook LinkedIn Flipboard 0 Asmorebusinessesarelearningtostrikethatbalancebetweenqualityandcost,outsourcingisbecomingamorecommonplacetoolforcuttingexpenses.Outsourcingisn’tjustareferencetoshippingmanufacturingjobsabroad.Typically,small-scaleoutsourcingiswhenanysizebusinesstapsthehumanresourcesofanyothercompanythatcanoffersupportofrepetitivenon-corebusinessprocessesand,often,completeremotework. Asyouwouldexpect,mostbenefitscenteronreducingcosts.Sinceagroupoftasksaregiventoanotherfirm,companiescanutilizetheircorporateresourcesinotherareasoftheirbusinesstoeitherimproveproductsorinvestinexpansion.Italsoallowscompaniestofocusonactivitiesthey’reinherentlygoodatratherthanwastetimeforcingin-housestafftodoandlearnmorebeyondtheirscopeofwork. Ofcourse,theideaofdelegatingimportanttaskstostrangersisdaunting,whichiswhyyou’llneedtoprepareastringenthiringprocesstomakesureyou’reworkingwiththerightpeople.ArecentarticleinEntrepreneurrecommendslookingforoutsourcingreferralsfromfriends,acquaintances,orprofessionalorganizations.PlatformslikeLinkedIn,oDesk,oreLancearealsohelpfulforfindingleads,withtestimonialsavailablefortransparency. Herearethefivemajorbenefitsofoutsourcing: 1.ImprovesEfficiency Outsourcingenablesyoutohireexpertswhomaynotnecessarilybeavailableinyourarea.Thisisadvantageousforbusinessesoperatinginsmallertowns,whereaccesstohumanresourcesmightbequitelimited.Thereareoutsourcingpartnersthatspecializeintheirfieldofwork.Manybigcompaniesoutsourcetheircallmanagementsystemstoaproviderthatspecializesintelecommunicationsolutions.IfyouhappentoberunningabusinessinHongKong,forexample,youwouldwanttooutsourcetoacompanythatspecificallyservesbusinessesinthearea.Youcanlookatherenowtolearnmoreaboutthistopic. 2.ReducesCosts Thisisoneoftheprimarydrivingforcesbehindoutsourcing.Asaresultoftheloweroverheaditallows,businessescanhiremoremembersatalowercost.Thissavingsinlaborcostsdoesn’thaveanythingtodowiththequality,whichremainsthesame.Whatmakesallthedifferencearedifferingcosts-per-houraswellasageneralreductioninutilityexpenses.Whenyououtsourcebusinesstasks,thismeanshavingfeweremployeestokeepinanoffice.Asaresult,yourofficespacecanbesmaller,andyourelectricityandotherutilitycostslower. Goodoutsourcingprovidersalsohavetherightsoftwarethatenablesthemostefficientservice—toolsandsystemsneededtoperformoutsourcedtasksthatyounowdon’tneedtoinvestinnewtoolsandappsaswell.Allofthiscutsbackonyouroverhead. 3.EnablesBusinessExpansion Outsourcingalsoenablescompaniestoexpandbusinessoperationsoverseas.Ifyou’velongwantedtopenetrateaglobalmarket,thisisnowmoreachievable.Withoutsourcing,yourglobalworkforcecanpenetratethelocalmarket.Thisisanopportunityforyourbusinesstogainpopularityonamuchwiderscale.Yourgoalforbusinessexpansioncanbeachievedeffortlesslybecauseoflowerstartupcosts.Attheveryleast,younolongerhavetopayforfareandrelocationpackagesofyouremployeestoworkinyouroverseasoffices.Inotherbrancheswhereyoudon’tevenrunaphysicaloffice,thisalsomeansthatyounolongerhavetospendforopeningupnewofficesorrentingone. 4.ProvidesaComfortableWorkEnvironment Asithappens,it’smucheasiertomanageemployeeswhenyoucommunicateremotelyinsteadofhavingtomanageinperson.Remoteworkisalsobeneficialtomanyemployees,sincetheycanworkandstayclosetotheirlovedonesatthesametime.Especiallyforthoseemployeeswithotherfamilialobligations,theremoteworkarrangementgivesthemabetterandhappierwork-lifebalance. 5.IncreasesProductivity Ifyourteamhasbeenbombardedwithtonsofresponsibilities,alotofthatworkloadcanbeclearedoutwithsomesimpleoutsourcing.Companiesareabletocreateandmaintainaveryprofessionalworkenvironmentbecauseoutsourcinghaseliminatedtheneedforconstantrecruitmentandtraininginthemainbusinesslocation.Thismeansthatratherthanbeingsaturatedwithsomanyresponsibilitiesbeyondtheirscope,theseemployeescannowfocusonwhattheydobest—andthatmeansproductivityisboosted. TheTakeaway Outsourcingcanbringmanybenefitstoabusiness,andeventoeconomiesonaglobalscale.Whiletherearesignificantchallengesandrisksthat’llalsohavetobeaddressed,technologycanefficientlybridgethesegaps.Astechadvancementsaccelerate,outsourcingisnotonlybecomingmorepopularbuthasalsobecomeanecessityformanyindustries. Twitter Tweet Facebook Share  Email  ThisarticleoriginallyappearedonTopRightPartnersandhasbeenrepublishedwithpermission.FindouthowtosyndicateyourcontentwithB2C Author:DaveSuttonView full profile ›Morebythisauthor:WhatAreMarketplaceAnalytics?SSO:WhatItIsandWhyYouNeedItPrintisNotDead,LongLiveBrochures! StayConnected Joinover100,000ofyourpeersandreceiveourweeklynewsletterwhichfeaturesthetoptrends,newsandexpertanalysistohelpkeepyouaheadofthecurve. GetthebestofB2Cinyourinbox: Subscribetoournewsletter Signup  Yoursubscriptionwassuccessful.Thanks! 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