Benefits of Outsourcing
Outsourcing is very appealing to employers. Outsourcing has increased
from 18 to 47% in the past year... and is growing. Outsourcing is a long term
strategic management tool. Through established relationships, employers
can aggressively reshape themselves to change the way they do business.
There are companies that are laying off, downsizing and trying to cut costs.
Companies that outsource to other companies can:
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- Control Costs
- Increase Efficiency
- Reduce Labor Costs
- Start New Projects Quickly
- Focus on Your Core Business
- Reduce Risks
Outsourcing can also make your firm more attractive to investors, since you´re
able to pump more capital directly into revenue-producing activities.
If you've ever thought that temporary workers cost less than full-time workers on
a daily basis — think again. Studies show that it generally costs the same or just
slightly less to hire temporary employees compared to bringing on a full-time
worker. Essentially, when you use temporary workers, you are paying a
premium to have help available when you need it.
The rate you pay temporary workers is composed of many elements. Your
company does not have the costs or the responsibilities of providing and
coordinating the benefits program for temporary employees. All your company
has to do is pay the employment agency for the services used. The temporary
agency, in turn, will pay the temporary workers´ wages and benefits ...........of
course, the strongest factor to consider when deciding whether or not to pay to
bring in a temp is how much will your business suffer if the work goes undone or
the position remains vacant?
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