ADVANTAGES OF OUTSOURCING
"A business succeeds by the people it employs. With higher quality, educated and motivated outsourced staff your company will flourish and thrive."
REASONS TO OUTSOURCE (not exclusive):
- Achieve cost savings
- Gain new business not previously available
- Focus on core competancies
- Redirect your resources for other purposes
- Improve efficiency
- Improve company focus/become customer focused
- Gain access to world class skills and capabilities
- Improve time to market
- Achieve schedules not possible with in-house staff
- Scale up for a project without increasing need for permanent additional staff
- Grow your market (globally) by new skills, services and/or products
- Levels the playing field for smaller companies who can now offer similar skills as a larger rival (including multi-nationals)
COST SAVINGS:
a) Outsourcing can improve cashflow and profitability to enable survival or expansion and concentration on core activities
b) Salary savings of outsourced jobs are only part of the savings, you also save on other employment costs e.g. N.I. contributions, sick and maternity pay, pensions, insurances etc. Plus overheads of that employee e.g. cost of running office space, operating equipment, maintenance of equipment/buidings etc.
c) Productivity of the outsourced employee likely to be higher than the employee being replaced e.g. 2 outsourced staff will probably replace 3 current employees.
- You can 'test drive' our outsourced staff before replacing existing ones
- Outsourced staff can be let go with little notice or costs
- Outsourcing allows you to reduce costs while increasing productivity, innovation and service
- Outsourcing allows you to overcome specific skill shortages by employing highly skilled outsourced staff
- A business is only as good as its people, a successful combination of in-house and outsourced staff
- You can achieve faster and cheaper expansion of your business using instant outsourced staff rather than organic growth using your own on-site employees
- Outsourcing should be based on 3 principles:
i) corporate focus on core competanciesii) cost analysisiii) total quality management
TIME ZONE ADVANTAGES:
You can give your TWS employee an assignment as you are leaving work at the end of the day in New York, London or Munich and they will have the presentation ready the next morning.
Because of the time zone differences your TWS staff can work on it while you sleep and have it back the next morning. When you wake up you will find the completed summary in your inbox.
This time zone difference also has the added advantage that you can operate your business 24 hours if desired. Another competitive advantage you can offer your customers that most of your rivals can't.
