Outsourcing offers small business owners a wide range of benefits including the fact that you can access a much larger talent pool that can be used only when needed, making it a much more cost effective option. Let’s take a closer look at the benefits of outsourcing v. staff to help you decide which is best for your business.
Outsourcing
The main benefits of outsourcing boil down to three factors: gaining access to a larger talent pool, saving money over staff and saving time. There are many roles throughout your company that can be outsourced to get the most cost effective and beneficial results. Some of these include marketing, website design and development, bookkeeping and certain aspects of customer support.
But one of the biggest advantages of outsourcing that has many SME’s throughout the UK excited is that you only pay for what you need, when you need it. If you need an IT expert to install a new computer system for your business, outsourcing one will enable you to save money by paying for the installation only and not for an IT employee who is on your payroll, sitting around waiting for something to do.
In-house staff
Having in-house staff gives you access to labour right away, but that labour will end up costing your business a lot more money over outsourced labour. In-house staff means additional salaries and training, as well as specialised equipment which can be very expensive. Outsourced labour can offer a better quality of work at a considerable cost savings because you are only accessing their specialised talents or skills when you need them.
Which is better, outsourcing or staff?
So, which is better for your business, outsourcing or staff? Outsourcing truly does offer the best value for the money and it can save your business both time and money over the cost of recruiting, hiring and training a new employee. With outsourcing, you don’t have to pay an annual salary, there is no additional equipment to purchase and you are getting a trained, experienced service provider who is standing by to serve your needs, whenever you need them.
Outsourcing many of your specialised tasks can lead to building relationships that can provide you with the ‘staff’ you need, when you need them and, when used often enough, that staff will understand your business as well as your in-house staff does.
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