Now that you’ve solidified your 2019 goals and are working on making the new year a prosperous one, it might be time to take a look at what internal operations you can outsource in order to focus on those goals.
Outsourcing has long been a time and money saving solution for small businesses. Instead of hiring internal employees to tackle highly complex and tedious projects and processes, you can outsource services with individuals or companies that are specifically trained and equipped to execute those types of tasks. From large, ongoing tasks like payroll to quick projects like research and data entry, there are thousands of independent contractors and companies that can take the load off so you can keep your eye on the big picture.
Here are 4 of the top business functions you can outsource:
- Recruiting: Of course filling positions with the right employees to help you meet your goals should be first and foremost. However, taking the time to advertise, sift through resumes, and set up interviews might not be the most productive use of your time and resources. This is a great task to outsource. Recruiting companies can pull from a pool of highly qualified candidates to find the perfect fit for your position. Randstad specializes in matching smart people with great jobs, from the executive office to the manufacturing floor. They use innovative technologies and a passion for people to provide you with the best experience possible. Headhunters perform similar duties- researching and approaching top talent in your field to ensure you have experienced prospects to fill your job openings. Acumen Executive Search offers award-winning executive search and recruiting services to businesses in Oregon, Washington and California.
- Payroll and Benefits: Payroll can be a time-consuming, tedious task, time you may be taking away from pushing your agenda and growing your business. Outsourcing your payroll not only saves you time and money, but it also allows experts to handle the ins and outs of government compliance and provide added security. ONEMINT HCM offers partial outsourcing payroll services to larger businesses to help take the load off and streamline your timekeeping and payroll processes. This means your finance team can spend their time working on budgets and revenue reports to ensure your company is saving money as well as generating it. As for benefits-- it's a complicated and time-sensitive process and it can be outsourced. Companies like ScalePEO offer high quality benefit packages that are integrated with their HR Cloud modules and payroll to make onboarding and open enrollment quick, easy, and electronic.
- Data Entry: Data entry, record keeping, reporting- all the background work that provides you with the information you need to make important decisions about your business. Better to spend your time analyzing the data than collecting and converting it, so outsourcing is a great option. You can outsource jobs to freelancers on sites like Upwork and Fiverr. Hourly or flat rate jobs can be posted and accepted on these online platforms that houses freelancers from all over the world.
- Research: Sometimes launching initiatives or products calls for a little market research. Sending surveys, compiling information, searching databases, etc are great tasks to outsource. Companies like the ones listed in #4 are great for research as well, but also consider reaching out to your local colleges and universities. Some campuses have programs where students can gain credits or grades for doing research for local companies. It’s a great way to be involved in the community and get your work completed at minimal cost.
While these are the top businesses processes to outsource, there are plenty of others. Marketing and Sales are two other major business functions that can be outsourced to save you time and money. Of course the ability to be successful in your goals depends on your ability to not only cultivate clients, but also allocate your time and money appropriately. Outsourcing is an effective business strategy and a great way to keep your business focused in 2019.