Outsourcing can do much more than save you money. How? Before we answer that question, let’s take a closer look at outsourcing first. Outsourcing started as a way to save businesses money. But nowadays even though companies turn to outsourcing mainly as a cost-cutting measure, it’s really way more than that. Outsourcing can help you tap into a global workforce, thus deepening your pool of workers; it can help you minimize risk by giving your company more flexibility; it can help you focus more on what’s important for the business and leave the (relatively) non-pressing (but still important) tasks in the capable hands of other professionals; it can boost employee morale (really!); and last but not the least, it can help your company grow.
Let’s take a more in-depth look at each of the points discussed above.
It Can Help You Tap into a Global Workforce
Deepening your pool of workers is always a good thing, especially in the long run. And what’s a better way of adding to your company’s talent pool than tapping into a global workforce of experienced and skilled professionals? Let’s be realistic here—yes, a company should be proud of hiring local, home-grown talent, but in this age of globalization, how can you compete with other businesses that have the forward-thinking mindset—not to mention, audacity—of hiring world-class professionals all over the world? And besides, for specialized positions requiring even more specialized skill sets, your business would be hard put to find experienced and capable professionals who can get the job done; so why subject your HR and recruitment department to all that stress when outsourcing can readily solve your problem?
It Can Help You Minimize Risk and Give Your Company Increased Flexibility
Reducing risk here means exerting control over your company. After all, having control means you can determine the fate and the future of your business instead of being helpless at the hands of external factors. But being in control here doesn’t mean being hands-on with everything from helping pick out the tiles in the washroom to choosing the brand of coffee served in the pantry. Rather, it means being there when you need to make important decisions; like which client to prioritize, for instance, or which departments need more focus. Flexibility here means you being able to call the shots, anytime, on pressing concerns thanks to an outsourced team of employees that will allow you to focus more on growing the company.
And speaking of focus . . .
It Can Help You Focus on the More Important Aspects of the Business
It goes without saying that every department in your company contributes to the overall success of the business. But honestly speaking, not all of the departments contribute to growing the company; that is your job as CEO or owner of the organization and the job of a small inner circle of people you trust that you hired to focus on the core business itself. Outsourcing, needless to say, frees you up as well as the top management in your company to focus on more important aspects of the business.
It Can Help Boost Employee Morale
A common belief is that outsourcing can lower employee morale because in-house hires might feel insecure or might believe that their jobs are not safe and can be easily outsourced. The flipside to this is that outsourcing can actually help boost employee morale especially if the positions outsourced frees up your in-house employees to focus on what they are hired to do; this means they are not forced to do any extraneous tasks that are outside their core competencies. The result? A boost in employee morale, of course.
It Can Help Your Company Grow
This is the most obvious advantage when you think about what outsourcing can do for you aside from saving you money. Step back, take a deep breath, and consider the benefits that we just outlined above: tapping into a global workforce, minimizing risk and giving your company increased flexibility, helping you focus on the more important aspects of your business, and helping you boost employee morale. All of these, when taken together, results in helping you grow your company. In this day and age, the formula—or ingredients, if you will—for a successful organization now includes a stable pool of global workers, a confident group of in-house employees, and a focused team of senior executives that can zoom in on the core business.
The bottom line is, outsourcing should not be viewed anymore as a maintenance strategy for corporations but a growth strategy instead, especially for smaller businesses, start-ups, and medium-sized companies.
Are you still wondering how outsourcing can do much more than help you save money?