Outsourcing can be a great way to get quality results, without paying high prices. You can achieve quality results by outsourcing firms who are experts in certain areas of your business. This allows you to easily capitalize on their expertise and abundant knowledge. Furthermore, it allows you the flexibility to focus more on your core business operations, while cutting down on administrative cost.
There are several basic business functions that can easily save you time and money by outsourcing. They are:
1. Human Resources.
Keeping up with benefit packages, employee law standards, and wage issues are functions that should not be taken lightly. The Human Resource department needs continuous training and education as laws, benefits, and protocols change frequently. Therefore if you are concerned about the high cost that accompanies hiring employees and providing consistent training, then you probably can achieve the same goal by hiring a great reputable human resources firm to perform these functions for you.
2. Legal Services
This is a controversial issues, but it demands some discussion. Many companies are outsourcing their basic legal needs to companies that are located in places such as India. Some American companies are requiring that their basic legal task to be performed by legal firms who are said to be quite efficient and fast. Such legal duties consist of processing legal documents, researching legal codes, or drafting contracts. If that is not enough to convince you, companies such as DuPont, Morgan Stanley, and Cisco Systems were said to have successfully outsourced their legal departments to an outsourcing firm permanently. Not to mention, these firms are all located in India.
3. Accounting or Bookkeeping Services
There are many accounting firms that offer outsourcing capabilities that are both convenient and economical. These firms can do everything from pay vendors, invoice clients, pay employees, prepare quarterly payroll/sales tax reports, and provide online access to all of your information. You are also assigned a representative to your account, in which you can contact if you have any questions.
Outsourcing you IT needs is a great way to save on cost and office space. Instead of hiring an IT department, you can hire an IT firm who would be able to perform the same services as your employees would. Now, with the advancement of technology it makes it even easier to perform and manage IT issues remotely. Most outsourcing firms provide both onsite and remote monitoring, desktop support services, hardware/software updates, training, and technical support.
5. Website Services
This is another great way to effectively outsource a much needed function. Website design and development is not a job that needs to be conducted at your office. Outsourcing allows you the option of selecting from a local firm, or one that is miles away from your business. Most firms can assist you with many internet related activities such as website design/development, email marketing, search engine optimizing, and ecommerce. Therefore, by creating an informative and quality driven website, you can rest assured that your web presence will give you a “leg up” on the competition, without the added cost.
If you would like more information on outsourcing your business functions, please read How to Minimize Your Liability While Hiring Non-Employees.