As more and more businesses are looking for increased flexibility and opportunities to save costs without compromising on internal efficiency, ‘Outsourcing’ is making a comeback as an increasingly popular buzzword among decision-makers.
Outsourcing is the business practice of hiring an external party to perform services and create goods that could traditionally be performed in-house. Popularised as a business strategy by Kodak in 1989, outsourcing started to form part of the holistic business economics landscape throughout the 1990’s.
This means that outsourcing as a business practice has been around for quite some time, so you might ask: “Why is it making a comeback?” – Well, glad you asked. To answer this, let’s look at some of the benefits of outsourcing from a payroll perspective, and how this helps businesses to overcome some of the massive challenges experienced today.
7 Benefits of outsourcing your payroll:
Outsourcing adds to your bottom line. It is a potential solution to many of the major challenges that businesses are facing in the complex world we find ourselves in. Covid-19 and its ripple effect forced us to reassess and change how we do things, on both a personal level and a professional level. The power of outsourcing to relieve economic pressure is causing the practice to rapidly regain the popularity it saw in the late 00’s. It is a tried and tested strategy for successful businesses to fast-track their growth, so its comeback comes as no surprise. Another fantastic perk of our outsourcing deal? We are POPIA and GDPR compliant, meaning your data is protected and all your communications are secure with us.
When you outsource, you can pay for exactly what you need. If you haven’t tried outsourcing yet, get in touch. You’ll be amazed by what you save and how much more efficient and profitable your company will be.