Post pandemic is going to be tougher than the present situation. It will not take just the fittest but also the smartest to survive and thrive. Recession is not just looming, it is already here. Therefore, seeking and adopting the most beneficial business solutions can help weather the storm.
Wondering why outsourcing is going to be the most, or at least one of the most beneficial business solutions right now and in the days to come?
The reasons are not far-fetched and would include the following;
1: It will Help You Save a Lot of Cost on Full-time Staffing
Even when you have successfully transited your employees to remote working, you still need to pay a full-time salary that includes legit perks and allowances. If you are looking to cut more costs in this season, staffing is one of the areas you should look into and adopt a solution that promotes increased cost savings.
It may be a smarter idea to have a mix of full-time and outsourcing employees. For instance, if you have 10 employees right now, you may discover that you can save more by allowing half of your workforce to work on a contract basis – with no extra perks other than the salary. Then, you can keep the other half on full—time salary scale, especially those performing core tasks. Otherwise, you can outsource most of the tasks.
2: It will Save You Office Space Cost
Many business owners are planning to completely ditch office spaces and resort to full remote working. This is a smart move that will promote increased cost saving as the recession gets worse. Outsourcing tasks to independent contractors who work from their own space and with their own tools will be extremely helpful in cutting back more costs during and after the pandemic.
Sooner or later, a conventional office space may no longer be fashionable. It is now clear that work can be accomplished effectively from anywhere just as it is when working in a regular office space.
3: You Can Access the Best Talents Affordably
You can use the internet to find experts from around the world and outsource your tasks to them. The hiring process is even easier and costs little or nothing. On top of it all, the remuneration paid to an offshore professional does not also make substantial demand on your limited funds.
4: Your Competitive Edge will Get Better
As you engage outsourcing to speed up processes, cut costs and hire the best skills, you will increase your competitive edge over other businesses in your niche or industry. You will offer better prices for your products when you reduce costs with outsourcing, which helps bring you more customers, hence more income.
Ensure you leverage these benefits that outsourcing offers to minimize the impact of the pandemic on your business.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams