More and more businesses are starting to realise the value of outsourcing. Many SMEs use outsourcing as a strategy to reduce overheads, utilise specific expertise outside the company and relax some of the responsibilities which come with being an employer. Whether it’s outsourcing IT or bringing in a professional site support company, outsourcing allows companies to run more efficiently and delegate time consuming tasks so they can focus on their core brand services.
According to the report from the Business Services Association, almost 10% of the UK workforce was employed in the outsourcing sector in 2015. Every increase of 1% in outsourcing increases productivity by £2 billion each year. Much of the booming freelance economy also caters to business services, and companies are now on board with hiring freelancers to compliment or extend their services. SMEs in particular with a small operation often rely on outsourcing companies and freelancers to maintain growth.
As an outsourcing company ourselves, we understand the value we can provide to businesses of all sizes. Take a look at the reasons why outsourcing is the way forward for London companies.
- It boosts the economy
Many people believe that outsourcing is used by companies to reduce spending and make more profit, and often end up using overseas companies. However, the modern approach to outsourcing is simply “bringing in the experts” wherever they are based, which makes total business sense. Outsourcing actually allows companies to be more flexible and improve their services, providing staff which would otherwise be unavailable to many organisations. This access to a skilled workforce can contribute to business growth, and therefore boosts the UK economy. The BSA 2015 research found that 8.7% of economic output is attributed to outsourcing.
- It saves you time
The most precious commodity to business owners is time. We all know the feeling of not having enough hours in the day, and running a business operation with a small team is hard work. You can’t wear a different hat every day, which is why outsourcing can help build the business. By hiring an expert in graphic design, HR or accounting you speed things up, become more efficient and free up your time to focus on the company’s core activities.
- It saves you money
One of the main advantages of outsourcing is the associated savings. The costs of hiring a professional internally, or setting up a new department, are very high. Whether you outsource to a freelancer or a services company, you’ll save costs on recruitment and training, National Insurance, pension contributions and other employee benefits. Outsourcing is extremely cost effective, and you could essential get the same skills and expertise for a lot less.
If you’re ready to outsource your office services then call us today for a quote.