Who Should Outsource? Three Examples.

This week, we will take a look at 3 businesses that could save money by outsourcing their administrative work. 


Recruitment


Recruitment Agencies are inundated with resumes every day.  Because these resumes come in all different formats, the agencies need to have administrative staff to clean them up and reformat them; not to mention update their database to reflect the changes.  Hiring a staff of employees to do so, is not as cost effective as outsourcing.  By contracting out your resume formatting and database updating you can save money by paying on an hourly basis rather than an annual basis, plus benefits, training, tenure etc... For example, on New Years Eve a recruitment agency may be paying multiple employees a full 8 hour day when only about one hour’s worth of work is needed.  That is not cost effective!


Contractors


The bane of a small or medium contracting company is the paperwork associated with invoicing and quote requests.  The contractor would rather be on the job or finding clients and not doing paperwork.  Why not outsource it?  It’s as simple as creating a template.  After that it’s just a matter of an email or phone call with the information to fill in the template and away it goes to the client.  By doing so you ensure:  You are saving money, doing what you want to be doing and getting a professional document for your clients.  Additionally by having a set schedule of when your invoicing is done you know the return for your labour will come on a regular basis.


Store Owners


Even the business owner with a storefront can benefit from outsourcing.  One of the growing trends in internet marketing are e-newsletters (a subject for a future post).  For small businesses, e-newsletters can be a great way to keep in touch with existing customers and let them know if anything is new in your world.  Outsourcing e-newsletters makes a great deal of sense as it is something that should be done regularly but does not require a salaried employee and should be done correctly by an expert; which most small business owners are not.  By outsourcing your e-newsletters you ensure that the content is generating a maximum ROI.