We live in a brave new business world where the physical presence of workers and brick-and-mortar premises are not such a commonplace anymore. A full-time staff is still the glue which holds many organizations together, but there are some viable alternatives. It usually comes down to considering the option of hiring vs. the practice of outsourcing. They both have their pros and cons that it would be wise to weigh before making a final decision.
In this day and age, every time you want to hire, you probably have more options than you realize. If the goal is to acquire a promising candidate for a position which is vital to your operations, then regular employing may be the best course of action. Still, not every position within your organization needs to be filled with a full-time employee. The surge in communication and internet technology has created a global environment in which the borders of space and time are transcended.
Traditional hiring policies sometimes set in motion a costly HR framework. In-house employees get paid regardless of the project completion, and you also face overheads that go beyond just the basic salaries. Moreover, it is quite difficult to make the most of the full-time workforce. This is the question of cost efficiency: A list of fixed costs is not the best thing when you operate on a shoestring budget and experience revenue fluctuations.
Benefits of outsourcing
On the other hand, outsourcing is a great way to give your budget a break and cut the spending. It allows you to formulate the budget around specific tasks you need to complete. This is closer to the ideal expense management scenario. What is more, outsourced staff members are no strangers to working weekends and odd hour, and there is no shortage of digital hubs where you can reach out to professionals with rich experience and portfolios.
It is possible to find individuals with specialized skills your workers do not possess, especially in the areas of customer service, software development, web design, IT systems, marketing, and social media management. Still, if you do not seem to possess time or resources to deal with outsourcing yourself, do not fret. Services in the league of Crystel business process outsourcing (BPO) handle this for you, leaving you enough time to focus on other business aspects.
The flip side
Before diving into the world of outsourcing, however, you should be aware that there are some risks involved with it. The main downside is that you are not able to exercise direct oversight and control. This differs much from the situation within the company, where work ethics, business culture, and workplace behavior are nurtured and maintained. When it comes to freelancers, you often have to compete for their time with other clients and hope they deliver.
Thus, some business owners and managers stick to the principle of outsourcing only the work which is not of strategic importance. So, if you choose to go down this road, you need to have a solid outsourcing strategy in place. It provides a sense of direction, and keeps you on the fast track to success. Strive to plan ahead of time and ultimately, you should be able to unlock the full business potential and gain a powerful edge in the market.
Cover all the bases
How you add people to your team impacts the bottom line of your company. For most companies, there is a time and a place for both outsourcing and full-time hiring. In any regard, outsourcing gives you a chance to get more things done without blowing the budget. Yet, consider what is appropriate for your business, and do not think it is a one-size-fits-all solution. Make informed decisions and you will stay ahead of the curve and make your operations future-proof.