Top 10 Reasons for Outsourcing and It’s Business Benefits

• Do you need a new website, but you lack time to do it yourself?
• Do you have a small team and need help with your marketing?
• Maybe your business needs customer service assistance?

Whatever the need, outsourcing can help.  With a little research and planning, you can find the right outsourcers to help you take your business to the next level.

When you outsource, you can get your business working for you 24/7 while freeing up some time to focus on the parts of your business that only you can do.

No matter your business or goals, there is likely a way outsourcing benefits your company. Here are some key statistics on outsourcing

• Almost 54% of all companies employ third-party support teams to communicate with consumers.
• 71% of the financial services industry outsource or offshore parts of their services.
• Last year, firms worldwide spent $75.2 billion on security outsourcing.
• In the United States, there are 59 million freelancers.
• Every year, around 300,000 jobs are outsourced from the United States.
• 78% of organizations worldwide are satisfied with their outsourcing partners.

You can now see the advantages of outsourcing and how it can help improve your business. Outsourcing can significantly increase your business’s productivity while accessing resources that you may not otherwise be able to employ in-house.

Useful Article: Outsourcing vs. Offshoring – Learn How They Are Different

1. Access to a Skilled Staff

   By outsourcing, you can have access to a more skilled and experienced team than your in-house team. Having a professional team with you can exponentially improve your business’s work quality.

2. Lower Operation Cost

   Are you searching for a way to cut back on your company’s operational expenditures? The need to save money is a common motivating factor for outsourcing companies. You can lower your operating costs by using an outsourcing business that offers the same (or better) quality at a lower price.

3. Make Room for Resources

   Some companies can run on a lean staff, with certain employees fulfilling multiple roles. Other companies may need additional resources to fulfill their goals. By outsourcing, you can free up room in your company’s budget to make room for the resources that you need to grow.

4. Avoid Risk and Save Time

   A company can save itself from certain risks by outsourcing. You don’t have to worry about the same kinds of risks that in-house staff may face if you do this. You can also save yourself time and resources by focusing on the core areas of your business.

5. Tax Advantages

   Offshore outsourcing companies can help you to save money on taxes. If your business is traveling back and forth between the United States and another country, certain tax schemes may help you save money.

6. Get Expertise

   Do you have a complicated project that needs to be completed? Outsourcing can provide your business with the expertise needed to succeed in complicated projects.

7. Access to Emerging Technology

   It can be difficult for a company to keep up with the latest technological advances. But with outsourcing, you can access cutting-edge technologies that may not be available to your business’s internal team.

8. Gain Entry into New Market Segments

   It becomes easier to expand into new markets when you outsource your business and establish a local presence before the competition. You can also scale up your business with the help of third-party outsourcing services.

9. Gain Access to Resources You May Not Have

   Even with a large in-house team, some companies may feel like they do not have access to their resources to succeed. Though you may not be able to match the size of your in-house staff with an outsourcing company, you can still gain access to resources that you would not otherwise have.

10. Save Yourself the Stress of Hiring Employees

    When you outsource your work to a company, it can take many responsibilities off of you. You will no longer have to worry about finding and hiring new employees.

Now that you have read the pros of outsourcing, consider if it can be a positive change for your business. Outsourcing is not something that every company will need, but some companies may greatly benefit from outsourcing.

Need help outsourcing? Contact us today. We can help you to make this decision best for your business!

Though some pros outweigh the cons, it is a good idea to look at your business to see if outsourcing can be a valuable asset. If you outsource, some pros and cons will come into play, but it can be a successful strategy for your business if you choose the right professionals like ProGlobalBusinessSolutions.

What types of pros and cons have you faced regarding outsourcing?