In the dynamic landscape of business, the outsourcing trend is not just a cost-saving strategy but a powerhouse for efficiency and growth. AgileHRO presents six compelling reasons to leverage outsourcing in 2023. Explore the transformative benefits that go beyond mere cost reduction.
Cost and Time Savings
Outsourcing is a strategic move to save both time and money. Instead of investing in recruitment, training, and lengthy hiring processes, outsource skilled professionals for project durations. Benefit from expert skills, innovative projects, and rapid development without the overheads associated with permanent hires. Studies reveal that, considering all costs including insurance, training, and benefits, outsourced contractors are sometimes only 4% more expensive than in-house employees.
Reduce Entitlement Costs
Contractors offer flexibility, reducing costs associated with benefits, severance, taxes, and full-time salaries. The distinct rights and obligations of employees and contractors result in potential cost savings. However, it’s crucial to navigate this terrain ethically and legally, avoiding “sham contracting,” an illegal practice. Outsource honestly and reap the benefits without compromising integrity.
Focus on "Core Competencies"
Following businessman Mark Cuban’s wisdom, companies should focus on their core competencies. Outsourcing engineers and technical specialists allows businesses to channel their energy into areas where they excel. AgileHRO, with its expertise in Corporate Immigration, PEO, Payroll, and HR/Talent services, enables businesses to concentrate on expansion while technical aspects are handled seamlessly.
Learn from Experts
Outsourcing provides a fresh perspective and access to rare resources. External firms bring senior talents with diverse skills, fostering innovation and creativity. Agile facilitates engagement with experienced consultants efficiently, believing in knowledge transfer and the value of shared experiences.
Flexibility – Embrace the Gig Economy
As the gig economy gains prominence, companies seek flexibility in their workforce. Outsourcing allows payment for services as needed, ideal for fluctuating workloads. Workers, too, are drawn to flexible arrangements for a better work/life balance. Agile not only offers flexibility but also a community for contractors, fostering continuous learning and growth.
The Future of Outsourcing
Deloitte predicts outsourcing to expand significantly in the coming years. The globalization and the Internet of Things have propelled companies to hire contractors for projects in diverse locations. To explore the transformative power of outsourcing for your business, schedule a 15-minute discussion with AgileHRO below.
Unlock unparalleled business success with AgileHRO – Your Strategic Outsourcing Partner in 2023.
