Perks and benefits of outsourcing
Public sector job growth is prompting many businesses to turn to outsourcing as a viable alternative to increase workplace efficiency, convenience and savings. According to the Metro Denver Economic Development Corp., 2014 is expected to experience employment growth of 2.7 percent. Although many businesses will be growing their employee workforce, many are expanding their contract workforce through outsourcing.
Once relegated to big business, with the advance of technology and a progressively more mobilized workforce, small businesses are increasingly turning to outsourcing to save the business employee-related expenses, allowing decision-makers to invest those hiring funds in other areas of the business. Saving money is a huge factor, but other factors like internal staffing capabilities, expansions, and efficiency issues are also part of a business’ decision to outsource a job or project.
Today, many outsourcing companies offer businesses highly specialized work or executive expertise without the price it would cost to have them on staff. For example, a business may not have the need or funds available for a full-time transcriptionist or CFO, but the business could benefit from working with an outsourced worker who specializes in those areas. It’s easier and more cost-effective to subcontract to an outsourced provider with those specific skill sets as opposed to hiring for those specific roles. It becomes much easier for businesses to pay-as-they-go for the specialized work they need, rather than put another employee on payroll.
Subcontracting outsourced providers allows your employees to focus on doing what they were hired to do, versus performing time-consuming tasks and/or performing tasks they’re not familiar with. For example, it takes a non-trained person seven to 10 times longer to transcribe an audio file. Many of our clients don’t want or need to hire an individual to do time-consuming tasks like transcription, which is why outsourcing services are so beneficial from a personnel standpoint.
Today, technology allows connection with clients at a much quicker rate. Clients can use their smartphones when they want to record files and upload them directly. This allows our clients easy access to our work projects and gives them the peace of mind that content is also secure and confidential.
Outsourcing is a service that isn’t going away anytime soon, given rising employee costs and the aforementioned benefits. Businesses concerned about outsourcing might first assess their staff workload and satisfaction to determine if outsourcing is going to be a good and logical move for their operations.