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The Three ‘R’s of Outsourcing

Posted on: 14-08-2015

Before you decide who it is important to, know why. To make things a little easier on you, that’s where the three ‘R’s come in…

Reasons

Let’s start with the reasons why businesses outsource.

  • Outsourcing is a cost effective way of finding staff with outstanding skills for far less
  • It frees up internal resources for important tasks
  • It helps business manage areas where internal resources are lacking
  • It improves business focus and maximizes productivity
  • It helps to manage areas that are difficult or suffering
  • It minimizes risks for businesses
  • It maximises restructuring benefits.

Risks

Now let’s look at the potential risks involved with outsourcing.

  • Some business functions cannot be outsourced, be careful to make sure the people you hire when you outsource are fully equipped to excel in the area you wish to assign them to
  • If you don’t get involved in your outsourcing program, you risk losing control of it. This can be avoided by regular meetings, project updates and progress reports
  • A major concern for businesses when outsourcing is security and recovery. Make sure that when you choose an outsourcing provider, they have security and recovery measures in place that meet the standard your business requires
  • Be careful not to get yourself locked into any contract you may want to discontinue in the future.

The upside is that all these potential risks can easily be avoided if you know what you’re looking for. By doing your research, asking the right questions and making sure you know exactly what you’re getting, you can eliminate any potential risks completely.

Rewards

And finally, let’s talk rewards.

  • Access to the best technology available without the additional worry of staying ‘up to date’
  • Amazing cost benefits
  • Exceptional staff for equally exceptional costs
  • Flexibility and access to resources that your business wouldn’t normally have access to
  • Eliminates and extra stress that may have been falling on in-house staff

Now that you have had the opportunity to read through all the reasons, risks and rewards involved surely the only why let is – why not?