Outsourcing Staff | A lot of small business owners are faced with the question – should I hire an in-house employee, or should I start outsourcing? Both have their perks and downfalls, and reasons may vary depending on your business needs. For employers, it is imperative to analyze which will give you the better benefit.
To help you decide which is most efficient, we will weigh these two options in terms of equipment, space, insurance, and other logistics you’ll need in hiring.
Space
When you hire in-house, you should be prepared to provide a space where your people can work. You can either have a new building or an office built for them or you could simply rent a place if you feel like saving a little.
With outsourcing, you will no longer be required to pay rent or for the space that your employee will use. Most outsourced employees are on a work-from-home set up. They can work wherever they’re from and you won’t need to pay for overhead expenses.
Building Insurance
Paying for the rent and for the building you will use for your new hires, you will also be paying for the building insurance. This will help you get covered against damage or loss either from a storm, fire, theft, flood, or more.
As mentioned, outsourced employees work-from-home. Which means, your employees will be comfortable and safe in their own workspaces. Therefore, you don’t have to worry about building insurance.
Equipment
We have already established that with outsourcing, there won’t be any space expenses that you will be paying. As such, there is also no need for you to spend on the equipment found and needed in their place. Compared to in-house hires where you will also be paying for their work cubicles, internet, electricity, and other items, outsourcing will not have you spending on any of them. It will be their own place and their own equipment.
Monthly Payroll
Commitment is one thing in running a business. So, if you are not yet ready to commit to a new hire on a long-term basis you can outsource for a specific project. This entails a contract for a certain period of time.
Superannuation
As a small business, you probably still have a lot to invest in. At the moment, you may not have the resources to prioritize superannuation or retirement benefits and pension for your employees.
Since you’re starting out fresh, you can get help through outsourcing. This way, you can go through the initial stages of your project first, before committing to long-term employee benefits.
So, what now?
A small business needs fast, digital, and efficient solutions. With outsourcing, you get to jumpstart your business while your employees are safe and comfortable in their own homes. It’s a win-win! Of course, always remember that outsourced services are still your employees, treat them kindly and fairly – as you would in-house hires.
To kick things off for your business, call Digital Offsider today! We offer a wide array of virtual service solutions such as social media management, web development, content writing, bookkeeping, graphic design, and even website maintenance.