If you’re a thriving company and your goal is to scale your business at greater heights, hiring more people is first order of business. But hiring more people means time and expense in finding the perfect candidate. What if you do not have the capabilities and time to get it done? Have you considered other options? Have you ever considered outsourcing rather than hiring a full-time in-house employee?  

More than one-third of small businesses are currently outsourcing a fraction of their business processes—accounting, administrative work, marketing, and information technology. They rely on outsourcing these functions to increase efficiency and productivity in the organization.  

Let’s start off with the basics. What is outsourcing? Why should you consider outsourcing some of your business processes?  

What is Outsourcing?  

Outsourcing is (also known as Business Process Outsourcing) is the practice of delegating one or more business tasks to an external firm or individual. They are tasked with business activities, allowing your business to gain services and skills that are usually find hard to develop because of financial or workforce restrictions.  

Nowadays, outsourcing is becoming in-demand, especially with startup and small businesses overseas. As companies create more processes that need precise attention to detail, the demand for outsourcing rises. Businesses are choosing to outsource for quality and reliable services that reduce cost and improve productivity. Outsourcing enables companies to achieve more and offload essential tasks and processes to certified professionals without growing their team.  

Why Outsource?  

Outsourcing benefits businesses in a wide variety of ways. Some companies choose to outsource since it can set an alternative to labor migration, allowing them to remain in their home country while contributing their skills abroad.  

It also allows your business to focus on core competencies and, more importantly, cut costs and improve efficiency. As time has gone by over the last decade or so, business owners now realize that there are many reasons that companies—both large and small—outsource various jobs, but the most prominent advantage seems to be the fact that it saves money.  

Is Outsourcing for You?  

Many benefits circle outsourcing such as cost savings, operational efficiency, and flexibility to focus on core business functions. But you must assess and be able to identify your situation should you decide to outsource some business processes. Here’s a quick list of questions that will help you decide whether outsourcing is for you:  

· Are you looking to increase your cost savings effort?  

· Do you have the financial resources to invest in additional infrastructure?  

· Do I need to focus more on my core business?  

· Is my team having a difficult time to handle core business tasks?  

· Do I have the capacity and a plan to manage a small staff?  

· How will outsourcing fit with my long-term goals?  

vTeam Philippines, a premium outsourcing service, is committed to supporting your business towards your outsourced dream team. We’re here to take the recruitment work on your behalf. Contact us to get started.