Before we can tackle how outsourcing can be beneficial to your business, it’s a good idea to define what outsourcing is. Specifically, what is the difference between outsourcing and hiring an employee?
When you hire an employee, you sign a contract and work out a wage, including any benefits, specific insurance, holiday and sick leave and, depending on where you are, taxes. All of the paperwork and hard work is the employer’s responsibility. Depending on the contract, you might have to pay a certain amount, regardless of the work completed in that time.
But when you outsource or hire a freelancer, you’re a client, not an employer. It’s a much simpler relationship. You pay them, they deliver a service.
The best option depends largely on the role you need someone to play. If it’s a specific, small roll or a temporary project that requires very particular skills or training, it’s better to hire a professional on a limited basis as a freelancer or contractor. But for a long-term or larger role, an employee will fit the bill much better.
So, what kind of roles are best suited for outsourcing? Here are a few examples.
IT Services and Support
Every company needs a level of IT services and, the more complex your business becomes, the more important it is. If you run your business from home and you are your only employee, you can probably manage your IT by yourself. But as it grows, you need to consider hiring some added support.
One option is to hire a dedicated IT person or team. But, for most businesses, a dedicated employee simply won’t have enough work to justify full or even part-time employment.
Another option is to ask your most IT-savvy employee to tackle it in addition to their own job. But while this is cheap, it results in an overworked employee who isn’t qualified for the tasks you’re asking them to do.
A better option is to outsource your IT support to another company.
Financial Manager or Accountant
When planning the financial future of your company, it’s a good idea to have a qualified financial manager on your side. This way, you can manage your money correctly and make sure that your company makes wise decisions and investments.
You should also hire an accountant for tax purposes. Tax errors can be incredibly expensive, and accountants are able to easily navigate tax forms. They can help you find grants and tax breaks, as well as keep an accurate record of your finances.
Lawyers and Law Groups
On a similar note, legal issues can turn into expensive issues, especially if your company is found liable.Law groups like Beyond Law can help your company with potential legal issues, as well as give you good legal advice when needed. Make sure that you hire appropriate lawyers for large projects and acquisitions like purchasing properties. This will prevent any of those nasty, expensive mistakes that can cripple a business if left unchecked.
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