It is a common knowledge that Outsourcing helps you save time and money. But what we fail to understand that outsourcing administrative work can also boost productivity and help you find the right talent with skilled expertise.
Administrative work can be overwhelming and provides no tangible monetary returns to your company.
Earlier only big companies practiced outsourcing. But in recent times startups have also adopted the practice of allotting their admirative work to solopreneurs to reap benefits. It helps companies to focus well on their strengths and daily operations.
If you are looking for reasons to consider outsourcing your administrative work, here are some top reasons why you should do it right away:
Reduced Cost of Labor
Because we all know, money matters the most! If the work is outsourced, your administrative work is done in a fraction of the actual price that you would have to pay to permanent employees. In one of the research, it has been proved that when the work is outsourced, a company can save about 60% in operational costs.
The first layer of cost savings in outsourcing comes from payroll taxes, insurance, vacation pay and benefits paid to full-time employees.
Sky-High Productivity
When the work is outsourced, you have more time in your hand to concentrate on improving and expanding your business. You will work on the aspects that you like to do which will increase your productivity.
The time of your employees is as valuable as yours. Instead of making them work on administrative and HR duties, allow them to work on the tasks they were hired to do and the outcome will surely surprise you!
Convenience Counts
When administrative work is outsourced, the information you need is just a call away. You can either email or telephone and the administrative duties are taken care of. Tasks like Data entry, filing and inventory, cashflow reports etc. can also be taken care of by these administrative assistants.
Tick-Tock-Tick
When running a company, you are always short of Time. If there is anything valuable than money, it’s time. If you outsource administrative work you will have extra time to plan up things in a better way and use every minute to its complete optimization. With more time in your hands, you could strategize adequately and utilize your employees every minute.
Reduce your Liabilities
When projects are outsourced, companies can give away the liability and risk associated with the task. A good example is payroll management. Outsourcing it to a payroll service provider gives a company the freedom to focus on other core activities of the business.
Talent Hunt
When HR services are outsourced, you can find better talent. How is that possible?
When the services are given to experts in the HR services, they understand your requirements, know exactly where to post job listings and have the means to reach most qualified professionals. All of us remember Mila Kunis from Friends with Benefits. She was an independent HR recruiter who did her job well by hiring Justin Timberlake. If nothing inspires you, this ought to, right?
More Focus = Increased Efficiency
Outsourcing administrative and back-office work will allow company professionals to invest their time in operations that require their focus. If entrepreneurs outsource their administrative work, they will have more time and opportunity to grow their business. Thus, improved proficiency will help achieve success to establish their ideas.
(optional) Software Saving
Save on your overhead expenditure. The more people you hire, more will be the spending on equipment, software, renovations and glitches. These sudden costs can be avoided by hiring independent companies.
The number of companies outsourcing their business gives you a proof of how successful the idea is. It helps save money, ensures better results and is a proven success among big and small companies. It is time these benefits are understood well and a company is chosen wisely which understands your values and agrees with your vision. Bell solutions can provide you outsourcing solutions that you need.