According to the Association for Talent Development, companies spend on average $1,195 to train each employee. With a lot of employees, this can quickly add up. However, when you outsource, you don’t have to spend the time, money and resources to train the employees working for that outside firm. It’s not your responsibility.
Also, for many companies, providing things like health insurance and disability insurance is required by law. If you don’t provide other decent benefits, you may lose most of the best talent in your industry to competitors. However, if you outsource certain business tasks that can be performed by outside firms, you can lower the amount you will have to pay in expensive benefits.
Besides benefits and training expenses, office space itself can be very expensive to pay for. Consider outsourcing some of your work to freelancers who telecommute. You will still receive completed work from these individuals. However, they won’t have to work in your office, and you won’t incur most of the fixed costs of hiring employees.
There are a lot of advantages to Outsourcing. Our eBook will help your company how to be successful in outsourcing.