WHAT IS OUTSOURCING
Outsourcing involves hiring a third-party company to handle business activities for you. Outsourcing in Nigeria became a common business practice that allows corporate organizations and small business owners to gain services and skills they would usually find hard to develop because of capital restrictions. This is the reason why outsourcing can grow your business as and when you need to, without any major investment helping you to focus on your core.
Companies outsource primarily to cut costs but today, outsourcing your business to a third party company is not only about reducing cost but also about reaping the benefits of strategic partnerships such as accessing skilled expertise, reducing overhead, flexible staffing, increasing productivity and efficiency, reducing turnaround time and eventually generating more profit. By outsourcing to a third-party company, your business can focus on what it does best and gain a competitive edge in the marketplace.
Outsourcing is the norm of the modern world. Today, various companies and business owners from all the corners of the world want to get their work done without going through needless office ordeals or stress so outsourcing or offshoring has caught their attention.
If the following questions come to your mind, then you should consider outsourcing:
- Are we working at the best possible favorable cost?
- Are the available resources utilized to the fullest efficiency?
- Are the currently available resources able to support new technology and fight the market competition?
- Is there any other efficient way to handle processes more professionally and quickly?
- Is the organizational team having the professional expertise to deliver efficient work?
- How best can we cut down the recruitment and training costs?
MOST COMMONLY OUTSOURCED ACTIVITIES ARE;
- People Outsourcing
- Sales Outsourcing
- Fleet Outsourcing
- IT and Software Outsourcing
- Digital Marketing Outsourcing
- Recruitment Outsourcing
BENEFITS OF OUTSOURCING YOUR BUSINESS PROCESSES
- Cost Savings
There can be notable cost savings when an organization and small business owner’s function is outsourced. Employee compensation costs, office space expenses and other costs associated with providing a workspace or manufacturing setup are eliminated and free up resources for other purposes.
- Focus on Core Business
Outsourcing allows corporate organizations and small business owners to focus on their expertise and core business. When a corporate organization or business owners go outside their expertise, they get into business functions and processes that they may not be as knowledgeable about and could potentially take away from their main business focus. This is why any organization should leverage on outsourcing.
- Cost Advantages
By outsourcing, you can get your job done at a lower cost and at better quality also reaping the benefits of strategic outsourcing.
- Access to Skilled Resources
With outsourcing, you no longer need to invest in recruiting and training expensive resources for your business. Providers like Talents and Skills Africa takes care of the resourcing needs with their pool of highly skilled resources.
Many organizations have become so engrossed with staff issues that they have failed to thrive, leaving everyone disadvantaged business results. This issue has made organizations around the world leverage outsourcing.
With a focus on increasing the value of your organization and its human capital in the most cost-effective way, Talents and Skills Africa seeks to make their clients become more successful by offering gap- specific business solutions while creating measurable value for stakeholders.
To leverage our business support solution speak to an expert today.