13 Reasons Why Outsourcing is Sometimes the Best Option

Outsourcing is the best option when it comes to many things. Outsourcing helps you immensely in times of need as a business resource. For the most part, you can run your business well with professional help. But what it really does is free up your time, resources and funds, so you can focus on getting all the things done that you need to do.

It’s More Affordable than Full-Time Employees

Your employee wage bill is the biggest expense your business has. And with the cost of business and living on the rise, you must meet expectations to support your staff. However, it’s likely you cannot afford new employees right now, and this is where outsourcing comes in handy. For example, hiring a fully qualified in-house accountant would be too expensive. But affordable business bookkeeping services are available from many outsourcing companies that can do the complex tasks for you at a professional level for a low fee.

You Get Access to Skilled Professionals

A key reason for outsourcing services is simply for the level of skill you get. You can hire people to do a professional job on an ad-hoc basis. There are outsourcing services available for anything you can imagine. But they shine when you get a skilled professional doing something that you or your employees can’t and would otherwise cost you a considerable amount. For instance, a managed IT service will install software, which is something you can probably do yourself. However, they will also update it, provide security monitoring, and manage your cloud.

You Aren’t Responsible for More Staff

Running your business is hard enough. But you are also responsible for multiple employees. As an employer, you need to provide a safe environment, meet a duty of care and pay your staff a fair wage. And sometimes, these can be brought to breaking point. However, when you hire an outsourced service, you are not responsible for the employees doing the job for you because they work for a third party. This means you don’t need to meet their wage requirements, and you don’t have to manage them. All these responsibilities fall upon their employer and not you.

Outsourcing is the Best Option for Cybersecurity

Your business is under constant threat of cyberattack. And it would help if you had cybersecurity. In a world of connected devices, there are many ways a hacker can gain entry into your business systems. So cybersecurity is no longer optional. However, you probably don’t have the funds for a team of experts. And if you did, there would be extra costs as well. Fortunately, outsourced managed IT services offer excellent cybersecurity. A typical package includes data backups, real-time security monitoring, software updates and employee user access controls for a small fee.

There are No Hidden Costs

When arranging an outsourced service (many of which can be done online), you typically sign up for a package that suits your business. Most offer tiered packages to meet the needs of small, medium or large companies. Packages can usually be paid monthly at a set fee or annually, which is sometimes a bit cheaper. And what you see is what you pay. Unless, of course, you want to upgrade to a higher tier package. Your chosen service might offer additional services, but extra costs are always made clear and are paid for upon request.

Contractual Obligations are Non-Existent

Another great benefit to the cost of outsourcing is that you aren’t beholden to any contracts. Almost all outsourcing services offer packages based on your requirements. So, once you sign up for a package, that’s what you get. But you can also cancel your service at any time without risking costly cancellation fees. This is one of the things that makes outsourcing so worthwhile. For example, you might need a replacement secretary from an employment agency to cover maternity leave. So, you request a skilled person for a few months, and then they leave.

You Aren’t Liable for Certain Things

When you outsource services, you get all the benefits of a skilled employee without the hassle of managing them. This is because the staff work for the outsourcing company and not yours. So the burdens of employment fall on them. Some things you aren’t responsible for include:

• Paying individual workers is up to the outsourced service and not your company.
• Certain insurance liabilities fall upon the employment service rather than you.
• You don’t need to provide steady work to outsourced staff.
• Meeting employment contracts is down to the service for which employees work.
• Their employer, not you, handles taxes and other official pay deductions.
• Identification and verification of the right to work fall upon the outsourcing service.
• Assessments and training to meet specific tasks should have already been carried out.

All you need to do is pay for the outsourcing service. They provide you with a skilled employee for whom you aren’t responsible, even if the person works at your physical site. However, it would help if you still met health and safety regulations for keeping them safe and secure.

There’s No Need to Train Employees

Further to paying wages, the cost of training employees to meet skilled demands is pretty high. And you might not have the funds available to do so at the moment. So while it’s always a good idea to invest in your employees, it isn’t always possible. So outsourcing becomes necessary to access skilled workers. For even a short period, you can ensure you get the right people for the job while you wait to secure funding to better train your staff. However, it isn’t uncommon for outsourced employees to remain at a site for more extended periods.

It’s Easier to Meet Compliance Rules

In every sector, you meet compliance rules. For instance, you need to meet data compliance regulations to handle personal data. It’s also common for multiple compliance systems to be in place at your business. And while you might try your best to meet a couple of these, they are often complex. Additionally, your employees may not know about compliance, and you can only teach them what you know. Therefore, you need compliance experts to run your business without the risk of being shut down because of bureaucracy or something more serious. 

There’s No Need for Extra Space

It can take a long time to find suitable premises for your business. You must consider internet access, available space and facilities. But then your business enjoys steady growth. Suddenly, you need more services to handle customers and vital systems. But you can’t just move to a bigger place because you are tied into a long term lease. So, outsourcing helps you offer the services your business and clients need without sacrificing office space. For example, increased sales volumes require telemarketing, sales teams and call answering services.

Can You Help Break into New Markets

Success in one sector is admirable. But sometimes, it’s necessary to break into something else entirely. Changing attitudes, technological advancement, and shifting expectations are the primary reasons. But getting into a new market isn’t easy, and you will need help. Marketing, sales and expert employees are required to do this. Fortunately, you can outsource specific tasks required, and you emerge into a trending market to meet the demands of your valued customers. So outsourced experts can help you gain a foothold in unfamiliar territory.

Outsourcing is the Best Option when Resources are Limited

When you outsource a specific service, the service takes on the responsibility of resources. For instance, you probably don’t have an empty floor, 25 spare PCs and headsets available to provide a new sales team. But a specialized company can provide you with access to skilled employees with their own tools for making and taking calls on your behalf. So you get quality service when space, resources, and cash aren’t readily available. But, of course, this also ensures that any resources you do have are available for your business alone.

It Frees You Up to Focus on Your Job

Of course, you just want to focus on running your business. But with so many things to contend with, it can seem like an uphill battle. Between keeping the books and managing employees alone, there’s not much time to do anything else. This is why outsourcing is so important. It frees up your time and schedule for managing core business tasks. So you don’t need to worry about specific tasks like handling complaints, data security and making sales calls to further your business. When you feel like work is getting on top of you, consider outsourcing for extra help.

Summary

Outsourcing is a massive help to millions of businesses. All over the world, over 90% of companies use outsourcing services. Some of the most common include IT and accounting. These are excellent because you get access to skilled professionals at a fraction of the cost of hiring full-time staff. Additionally, you are free from many of the responsibilities of actually managing these employees, and you don’t need to provide extra resources or