Have you successfully managed to outsource all of your company’s back office tasks, such as finance, HR, and legal? Well, it could be time to take a second look at all that, unfortunately. That’s because more and more business owners are starting to bring a lot of their company’s business activity back in-house. There are various reasons why this is beneficial for companies, and here are just a few of them.
You Haven’t Saved As Much As You Had Expected
Lots of people believe that outsourcing jobs will take a lot of financial strain off their business. That’s because they won’t have to hire full-time staff and pay them the various financial benefits that they are entitled to. However, contractor and freelance fees are sky high and, more often than not, you end up paying just as much as you would to have full-time staff. If you want to make sure you do save money when outsourcing, you need to be completely transparent about your budget and expectations. Don’t let a contractor make you overspend unnecessarily!
Lots Of Jobs Are Now Easier With Apps And Software
One of the main reasons why business owners outsourced all of their finances to an accountant was that it was far too complicated for them to do themselves. Bookkeeping, business checks printing, and keeping on top of one’s taxes was a lot of hard work, and it always worked out easier to get an accountant to do it. But these days, there are a lot of apps, software and computer programs that have simplified all these specific jobs to help entrepreneurs do it themselves. These are also available for other areas of business like HR, legal, and recruitment.
Quality Level Not Met By Contractor
All business owners expect that their workers perform to a certain level. And this is also the case for their contractors and freelancers. However, some entrepreneurs find that it pays off to simply keep all their work in-house as they know that they can always guarantee that work is done to a high standard by full-time employees. That’s because full-time employees are invested in the company and will be motivated to do well. However, freelancers are only after a paycheck. So, if you aren’t entirely happy with a contractor’s work, it might be time to move back in-house again.
Many people think that IT and technology have made outsourcing a lot easier than what it once was. However, relationships between entrepreneurs and contractors can actually break down as a result of technological issues. Integrated IT systems are playing a large part in business these days. And if a business and its contractors can’t align theirs, then they have a big problem on their hand. So much so, that some companies are now choosing to employ full-time staff instead of outsourcing, just to overcome these issues.
So, what are your current views on outsourcing vs. full-time employees? Let us know; we’d love to hear your opinions on this matter!