5 Ways in Which Outsourcing is Leading Today’s Companies to Massive Growth

StrategyDriven Tactical Execution ArticleThere was a time when the term ‘outsourcing’ brought fear and trembling to almost everyone from company directors to the lowest hourly wage worker. However, in recent years, there has been a general awakening to the many benefits outsourcing has for companies large and small. If you still have all, or part of, your company’s operations in-house, you might want to look at these five ways in which outsourcing is leading other companies just like yours to massive growth faster than they ever thought possible.

1. The Cost Factor

Although there are many reasons why businesses aren’t making the profits they had projected, the cost of keeping in-house staff is one of the biggest expenditures any company will deal with. Not only are there salaries to pay, but all those peripheral expenses such as benefits packages, health insurance, training and so forth, chip away at their bottom line. However, even at reduced operational costs of which staffing increasingly eats a huge portion of any budget, there are so many other benefits to outsourcing that labor has taken a backseat to those previously unthought of advantages.

2. Professional Expertise as Close as the Cloud

Many small to medium sized businesses already contract the services of outsourced professionals, such as accountants and marketing strategists, but haven’t yet understood that those services can be classified as outsourced! Over the past few years, businesses are going farther afield when seeking those services because of the cloud. Today it is possible to hire an accounting service in New York City, for example, when your base of operations is in Portland, Oregon. Whether you are looking for a marketing strategist or a corporate accountant, this company offers services in the cloud that are both cost and time effective.

3. Top Talent within Easy Reach

Almost every profession has become highly competitive and so the search for the top talent could take more time than you have to spare. Even though you can list key positions for which you are hiring online, it can take weeks, if not months to find the right fit for your company culture. While there are still those positions which must be kept in-house, many professional jobs can be effectively outsourced because there is no need to keep them on the premises. As mentioned above, accounting and marketing are two of those professional services which can be safely and easily outsourced. Of course, you couldn’t very well outsource a job on a production line, but you could outsource many key positions effectively.

4. Company Expansion Doesn’t Require Larger Premises

Oftentimes a company grows so large that they need to expand their current base of operations or move to larger premises. When you can outsource a number of your key positions, there may never be a need for bigger buildings, larger parking lots and additional equipment and machinery. Office positions are some of the easiest to outsource and if you aren’t completely comfortable with outsourcing in the Cloud, you could always hire flexible workers who only spend a part of their work week on site. Many work from home most of the week with only occasional trips to the office.

In fact, the need to do that is even less frequent than previously because files can be uploaded to the Cloud, meetings can be teleconferenced, and with instant communications via email or services like Evernote, there is often no reason to ever physically report to work. If you would like to hold tighter control, then flexible workers are to your advantage, but outsourced positions can still fill a void at a reduced cost to your company.

5. Advances in Technology at No Extra Cost

Then there are technological advances to be cognizant of. Every day technology is advancing at the speed of light and the cost of keeping up with all that technology can be prohibitive. When outsourcing, the company doing the actual work is going to be ultimately responsible for staying on the cutting edge of technology which means that your company doesn’t need to pay for anything but the services or products they have been outsourcing right along. This is one of the most amazing advantages to outsourcing in the 21st Century and why so many companies prefer to outsource even the most critical jobs. It’s almost impossible to stay current on technology within all departments of your enterprise.

It’s a New World After All

There are still those who believe that outsourcing will knock workers out of jobs. In reality, outsourcing can provide many more jobs than previously thought possible because of the massive growth most companies realize when expanding through outsourced services and production. They may not be jobs in your local area but they are jobs nonetheless. You can work for, or hire someone from, literally any state in the country which is a definite advantage most of the time.

Perhaps what is really at stake here is keeping those jobs within the United States. There is no reason to send work overseas if those services are available at reasonable costs within our borders. Did you ever stop to think that outsourcing can help to keep costs lower for everyone involved? Whether you are a manufacturer proud of bearing the “Made in America” insignia or a highly qualified professional seeking to find work in your field, outsourcing can be kept at home and at reasonable costs.

From a worker’s perspective, there is no reason why you can’t find work as a self-employed outsourcer if you have gained some amount of proficiency at your job. Everyone benefits and your work can help to keep America’s companies strong and growing stronger by the day. Instead of fearing outsourcing as a dirty word to be eliminated from the English language, embrace it as a way forward in the 21st Century. Everyone benefits when our companies are kept strong, and the above mentioned benefits clearly show you how outsourcing can be a vital part of that process. Now it’s simply up to you to decide ways in which outsourcing can be of benefit to you.

Leadership Inspirations – First Impressions

StrategyDriven Leadership Inspirations Quote“Early impressions are hard to eradicate from the mind. When once wool has been dyed purple, who can restore it to its previous whiteness.”

Saint Jerome (342 – 420)
Priest, Confessor, Theologian, and Historian

Implementing an Organizational Performance Measures System

StrategyDriven Organizational Performance Measures eBookGET THE FREE EBOOK…
 
Learn how to develop and implement a performance measures system that drives superior performance by aligning managerial decisions and employee actions with your corporate strategy. With this FREE ebook, you’ll learn…

Executive Briefing Cost Reduction Opportunity: Inventory Optimization

StrategyDriven Tactical Execution WhitepaperGET THE FREE WHITEPAPER…
 
Economic demands place increasing pressure on executive and managers to reduce costs while maintaining high levels of operational safety, reliability, and efficiency. For Work Management and Supply Chain leaders, areas of potential savings lie with…

How Disaster Recovery Can Benefit Your Business


 
If you are a business, having a good disaster recovery solution in place is absolutely vital, especially given the technological world that we now live in and the advancements that have been made in the past decade. If you have not yet invested in disaster recovery for your business, then this is the article for you as we will be taking you through exactly what this is and also how it can benefit your business. Carry on reading if you want to know a little bit more about this.

What Is Disaster Recovery?

Disaster recovery is a solution that has now become a necessity for businesses as it will protect data and business information systems from any kind of possible disaster. This can be anything including human errors, natural events, hacking and even theft. As you can see, it is extremely important for businesses to have this in place in our new, modern world as these are all potential ways that you could lose a lot of sensitive and important information.

The Benefits of Disaster Recovery for Your Business

Now that you know exactly what disaster recovery is, it is time to delve into the amazing benefits that it will bring to your company.

1. Restore Time Reductions and Lower RTO & RPO

What business love about having a disaster recovery system in place is that you have the warranty of restore systems, services and applications in far shorter times and you can also enjoy a far lower RTO and RPO. Reducing your restore times drastically is pretty much impossible without using disaster recovery services and so this is a massive benefit of having this in place.

2. Limit Revenue Reduction Costs

When you reduce the restore times of business information systems you will be able to limit your losses of revenue. What’s more, you will also be able to limit losses for other costs that have been caused by downtime and management or technical assistance expenditure.

3. Safeguard Business Operations

Every business will have critical processes in place that always need to be active as they are vital to the smooth running of the business. One of the amazing benefits of using a disaster recovery solution is that these processes will be preserved and any interruptions will be kept to a minimum, so you can get your business operations back up and running in no time.

4. Protect Your Company Reputation

As we previously mentioned, when critical processes to your business are not active, this can cause your business to not run as smoothly as you would like. If this happens, this will normally result in lots of very unhappy customers! So, if you want to protect your company’s reputation and make sure that your customers are happy with the service that you are providing, you will need to make sure that you have effective disaster recovery in place.

5. Have a Plan for Unexpected Situations

No business expects to have a situation arise where they need disaster recovery, but this is exactly the point! Every business should have the peace of mind that there is a process in place should they face an unexpected situation. A disaster recovery programme will ensure that your business has a detailed plan in place to intervene in the case of an emergency. This usually involved a short restoration which is controlled in all its stages.

6. Customise Your Own Disaster Recovery

Finally, one of the best benefits of having disaster recovery solutions in place is that you can customise it so that it fits your business perfectly and works exactly how you want it to. You will be able to customise and monitor your own disaster recovery solution and this allows you to pick the replication frequency and establish what the best recovery times are for your business. Furthermore, having this personalisation also means that you can constantly control your disaster recovery site.

As you can see, there are a range of fantastic benefits that come along with having a disaster recovery solution in place. Not only that, nowadays with the latest advancements in technology it is vital for most businesses to have this in place.