WHAT IS OUTSOURCING?
The advancement of technology has made life easier in numerous ways especially when it comes to running a business. It didn’t only connect people from all over the world, it also bridged the gap between many nations. Everything now seems to be dependent on technology and without it, many businesses will struggle to survive. On the brighter side, technology brings forth many benefits. One of the advantages of technology is that, it makes it easier for employers to find talented individuals in other parts of the world to help them grow their business. This is where outsourcing comes in.
Outsourcing or contracting out is a business practice used by companies in order to reduce costs and improve efficiency. This means that companies can find other institutions or organisations both locally and internationally to do work on their behalf for a significant period of time. Common industries that benefit from outsourcing are manufacturing, data entry, data analysis, IT, financial management or bookkeeping, customer service, transcription service and many more.
WHY DO SMEs NEED TO OUTSOURCE?
Outsourcing became an integral part of international business economics throughout the 1990s. It initially had detractors because some people think it results to domestic job losses but in reality, it only takes away a very small fraction of jobs and it su. Outsourcing is also the best option for startups who want to limit their expenditures so that they can allot more money on product innovation and marketing. As years pass, the benefits of outsourcing pushed business owners to explore and try it, only to be convinced that they need to outsource more aspects of their business later on. The biggest advantage of outsourcing is that business owners can save tonnes of money because when outsourcing staff, you won’t need to pay overhead costs or pay incentives to retain employees.
SMEs need to consider outsourcing some units of their businesses because it will allow entrepreneurs and business owners to focus on more important tasks and core aspects of their business. Instead of worrying about data entry and analysis, they can focus on income-generating activities such as looking for new clients or new products and services to sell. Also, it gives them more freedom and work-life balance because third party vendors will take the responsibility of carrying out the tasks and maintaining the organization’s assets.
Other benefits of outsourcing are:
Access to skilled workers
Better and faster services
Better time management
How can Enterprise Global help you?
Enterprise Global can find and connect you with organisations and individuals that can take over some of the repetitive and less important tasks in your business. We have a wide network of business partners all over the world, giving us the luxury to choose only the best talent or organisation that fits your needs perfectly. We follow strict procedures and methodology in sourcing the right candidates - simply because we want them to help you grow your business instead of becoming just another burden to you. Enterprise Global has a team of expert recruiters that can assist you no matter what your requirements are.
Call us today to find out more!