Have you considered outsourcing yet?
COVID-19 has put businesses in a sheer state of uncertainty. As we try to understand in which direction our businesses are heading toward, one thing becomes clear. That is, we are in this together.
To get through this crucial phase, we need to support each other in every way possible. Due to globalization, it has never been easy for businesses to reach one another. Based on that, one of the ways we could reach out to each other is through outsourcing.
Now, you may have a myriad of questions regarding this business practice. To help you clear your confusions, we have brought you a few essentials reasons to try your hand at outsourcing:
Focus on your core business activities
Evidently, all business activities are important. However, in times like this, you need to put some business activities at a higher priority. But that doesn’t mean you are going to discard the non-core activities. To focus on your core business operations, outsource such non-core activities to keep your business fully functioning.
Pay as a contractor
The recruitment process is long and tedious. But even after onboarding a suitable candidate, you need to train them and provide the support they require. This can cost you additional money and time. Especially, when the employee is hired for a short-term project.
On the other hand, when you outsource your work, you can make the payment as a contractor. Thus, saving you both time and money.
Find a variety of talented employees
Your company may already have an abundant amount of talented employees but when you outsource your work to a foreign organization, you’ll be introduced to a variety of brilliant minds. This may help you to have your work accomplished effectively.
Cut down on human resource
Outsourcing allows you to get the best quality work at the perfect price. While acquiring your desired work, you even get to cut down the cost of human resources. It’s just the perfect win-win situation for you.
However, even outsourcing comes with certain challenges.
Operating in a different time zone
You may encounter communication problems with the organization you have outsourced your work to. They may be in a different time zone that doesn’t align with your business hours.
To solve this issue, you can set a time with your outsourcing partners that suit you both. There needs to be a bit of compromise in this regard. The timing could be set either at your past office time or theirs.
On the other hand, if you are in a different time zone, you can assign the work to your outsourcing partner before your bedtime.
As you are in a different time zone, you can assign the work to your outsourcing partner before your bedtime. When you wake up, you may find your work to be completed. As a result, your company will be operating twenty-four hours a day.
Losing some amount of control
Another critical challenge is that you lose some control when you outsource your work to a different organization. Since there will be a certain geographical distance, you may not be able to oversee the work from time to time.
The solution to this issue is trust. You need to rely on your outsourcing partner to meet your expectations. However, it’s advisable to keep track of progress.
Affecting the company culture
Lastly, you need to ensure that outsourcing isn’t negatively affecting your company culture. Some employees may feel insecure about their work while others may be confused about the whole process. As a leader of the company, you need to discuss the necessity of outsourcing and ensure them about their importance in the company.
Considering all the scenarios, if you think the benefits of outsourcing outweigh its drawbacks, then you could take it into consideration. Especially, when your core-business activities require your complete attention in this difficult phase. As we are all trying to get through this, maybe outsourcing could be the key.