In the past, we’ve gone into detail into the benefits of outsourcing your HR, Health & Safety, and Payroll. This is partly because they are services we provide, and partly because attitudes to outsourcing are changing. Previous guides have included basics like cost and expertise, but you might not be sold… To help you find out if outsourcing is right for you, we’ve prepared some more (and unexpected) benefits of outsourcing.
Better Resource Management
Outsourcing your business processes alleviates tons of time and resources. This allows you to focus on what matters. Gives you room to breathe and allows you to manage your organisation with clarity. By outsourcing to the correct partner, you can consolidate your necessary but time-consuming tasks and have the support you need. It doesn’t need to be complicated. Outsourcing companies like Wurkplace can act on behalf of your business or support an in-house function. This flexibility is key in being able to properly manage your resources.
Infrastructure
If you’re looking to boost your services without investing in infrastructure, outsourcing is the way to go. An outsourcing company has all the infrastructure in place and all the resources you could need. No need for initial costs, no need for maintenance costs, no recruitment or engagement activities. All you need to do is pay for the service. If you’re a growing business looking to scale, you can minimise the growing pains by scaling your outsourcing as you go. No costs wasted on recruitment, unused office space, or tech leases.
Let’s take HR as an example. Outsourcing your HR business processes to a trusted company like Wurkplace can give you a return on investment of up almost 30%! This is huge for businesses looking to cut down cost while keeping progress.
You Can Cancel Anytime
You shouldn’t think of an outsourcing company like your employee – Instead, think of yourself as a customer. If an outsourcing company fails, you can usually just get rid of them. It’s a well-known fact that in an established employee / employer relationship, the employee has the upper hand. It is a very difficult process to get rid of an employee, but that’s not the case with an outsourcing company. You always have the power. In the relationship between an organisation and their outsourcing company, the organisation is the customer.
This means that it is in every outsourcing company’s best interest to provide the best and most competitive service possible. It also means that you don’t have to beat around the bush. Have a problem? Tell them. Have a problem with the service itself? Tell them. A great benefit of working with outsourcing companies is that for the most part they just want to help. Wurkplace take pride in helping customers achieve their goals, we take accountability every day for client success – and it shows in our service. If you find an outsourcing company who values your own company’s success as it values its own, then you’re onto a winner.
Supplementary or Complementary Outsourced Services
You might be able to convince a lower ranked employee to do something that isn’t in their contract, but the higher up you go the harder it is. When you hire an expert, you get expertise. When you hire a company, you get much more than that. Another fantastic benefit to outsourcing is all of those supplementary services which come with your contract. The world of outsourcing is getting more and more competitive. For some companies this means cutting down their own costs and slashing prices – For others it means providing a service which is worth the money. This means added bonuses like training and one-to-ones .
For example, if you are working with us, you’ll get access to all sorts of bonuses. Free Webinars, Online Training, Legal Updates and more. While this isn’t the main bulk of the work we do, it is necessary to support the work we do. The same often applies to other outsourcing companies. You will find that smaller companies will more likely go that extra mile to supplement what you pay for. Just picture a one-location restaurant vs a fast food chain – This is the difference between smaller and larger outsourcing companies.
Timing and Service Extension
One of the more unexpected benefits of outsourcing is that it extends your service hours. For companies requiring out-of-hours coverage, outsourcing allows for continuous service provision throughout the day. Whether you need support for international operations or serving customers in different time zones, outsourcing enables you to choose a provider that meets these specific needs effectively. This flexibility not only enhances operational efficiency but also expands your ability to serve a global clientele seamlessly.
Risk Management and Compliance
One of the significant benefits of outsourcing is the enhancement of risk management and compliance within your operations. By partnering with outsourcing firms, you gain access to professionals who are well-versed in the most current laws and regulations, guaranteeing that your business adheres to industry standards. This proactive approach minimises the likelihood of encountering legal complications or facing penalties, thereby offering you a sense of security and enabling you to concentrate on the fundamental aspects of your business without the burden of constantly monitoring regulatory changes.
Cost Efficiency
Looking at outsourcing from a broader perspective, it becomes evident that its impact extends beyond mere cost reduction. Apart from the obvious benefit of trimming overhead expenses, outsourcing facilitates enhanced financial forecasting and budget management. The conversion of fixed costs into variable expenses through outsourcing empowers you to allocate resources with greater efficiency. This strategic shift enables you to make more agile decisions, directing investments towards the growth areas of your business where they can yield the most significant returns.
For more information on outsourcing, you can always get in touch. Our team like to help companies get the most out of outsourcing, so contact us via our online form, or by calling us on: 0330 400 5490.
An experienced Director who controls and oversee all business operations, people and ventures. Responsible for the overall success of the business.
As a leader, he is able to steer a company to the most profitable direction while also implementing its vision, mission and long term goals. Additionally, he has strong crisis management skills to “save” companies in times of need.