Hiring VS Outsourcing For Your Business

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Hiring VS Outsourcing For Your Business

Are you dashing around like a headless chook in attempts to keep your business afloat, meet tight deadlines and actually spend some quality time with your family? We hear you. Operating a busy one-man business can be tough, particularly when your to-do list never seems to get any smaller (is it just me, or does everyone’s itinerary multiply x10 after taking just one coffee break?).

Whether it’s dealing with the finance aspects of your business, meeting with clients, planning and implementing market strategies, or finally getting down to doing your ‘actual work’, it’s no wonder so many of us aren’t getting our enough shuteye. “What’s sleep?”

Somehow in the early stages of a business we manage to get by. However, there comes a time when enough is enough and we realise it’s time to either hire our first employee or begin outsourcing for workers. When a business owner considers the path of outsourcing, they reach out to relevant freelancers and contractors as part of a strategic method in their company’s processes. Outsourcing works by paying an external worker in return of completing a task.

It can be hard to determine between the two options because, unfortunately, there’s no one right answer. Whether or not you should outsource depends on your current situation, the tasks in hand and your future goals. There are many benefits of outsourcing for your business, including:

  • It can be more cost-efficient than employment as you avoid paying full-time employees;
  • The ability to achieve a fast turnaround of work;
  • You can hire someone for their capability to complete a certain task, rather than hire an employee with a less specific set of skills;
  • It can save your valuable time which would be better spent elsewhere in you business;
  • Outsourcing is easily accessible through today’s technology, allowing you to work with people both onshore and offshore.

On the other hand, you may find hiring a part-time or full-time employee is best for your business if you have a continual workload pouring in and the flexible benefits of outsourcing becomes too inconvenient or expensive. Having a permanent employee on the team allows you to build a good rapport, they acquire a more in-depth knowledge of your business and you can engage in more personal face-to-face discussions, which are more likely to lead to good ideas and strategies. It may also take time to find the right contractor to outsource each task to, whereas an employee is ready to go.

When determining whether or not to outsource for your business, be sure to weigh up the cost versus time of the job to see which is the best option for you. For example, outsourcing is great for one-time tasks.

If you would like to learn more about whether outsourcing is the right option for your business, you can speak to our professional team for more information by calling 07 3367 3155, or contact us here.