In Or Out – The Pros And Cons Of Outsourcing
Lots of entrepreneurs find that they have little spare time on their hands as they are always incredibly busy with their business. For this reason, many company owners decide to outsource some of their tasks and jobs to professional freelancers and contractors. But is this always the right thing to do? There are lots of advantages and disadvantages that come with outsourcing, all of which you need to fully consider before you commit to it. So, is outsourcing really the right decision for you? Here are the pros and cons of outsourcing to help you make your decision.
Thanks to the Internet, companies are now closer to lots of professional experts who are based around the world. For example, you are only an email away from enlisting the help of an affordable SEO company to help you sort your marketing out, and you are only a Skype call away from hiring an expert graphic designer to help you design your company’s new logo. You will find that outsourcing will make it easier to find some top talent to bring into your team.
Con: Higher Costs
Generally speaking, most contractors and freelancers ask for very high wages. You will have to pay a lot more to hire them than you would need to pay for hiring full-time staff. However, that doesn’t mean that they are a lot more expensive for you in the long run. That’s because you won’t have to provide your freelance workers with any benefits, such as vacation and sick leave. Whenever your contractors and freelancers need to take time off, you just don’t pay them.
Pro: No Need To Increase Office Space
When you need to hire more full-time staff, you may worry about where everyone is going to fit in your office. If you need to hire a lot more people, you may even have to move into a larger premises. And that will all add to your expenses, and you may be left paying a high rent. This won’t be a problem when you outsource to contractors. That is because many contractors and freelancers will work from home. Therefore, you don’t need to worry about finding them a desk in your office.
Con: Exposing Confidential Data
When you outsource certain projects and jobs, you will possibly need to share some sensitive information and data at times. Sharing all this information with freelancers could pose a risk to your business. After all, you don’t know exactly who you are passing all this confidential data onto. The contractors might share it with your competitors or use it in another way to their advantage. The best way to get around this risk is to make sure that all the contractors who you hire sign a contract and NDA stating that they will not pass on any information to anyone else.
Many companies benefit from working with contractors and freelancers. Just make sure that you are guaranteed to before you hire anyone to work with the rest of your team.