- In order to bounce back from the disruptions caused by the pandemic, organizations must work out a plan to ensure that their business model remains flexible and agile
- Remote outsourcing solutions can help accelerate the process
- A remote outsourced partner can help shape business results and culture
- Remote outsourcing can provide a more outcome-focused strategy for businesses to scale up and stay relevant in this ever-changing business landscape
Every organization wants to see their business grow.
While you would want to be hands-on with business operations, the scenario will be different as you grow your customer base.
By contracting work to other companies, you not only clear your own resource pool from tedious and time-consuming tasks, you also cut, at least, 70% of your labor costs.
Virtual outsourcing solutions have never been as important as they are now, against the backdrop of multiple lockdowns and a switch to remote work set-up.
In this current socio-economic climate, most teams are looking at virtual outsource solutions. The pandemic has opened the eyes of many businesses, helping them to realize that an in-office team is not a criteria for success.
What Does it Mean to Outsource Work?
Outsourcing is when a company is said to have given certain positions or jobs to a third-party for completion.
Take, for example, a company that requires assistance with customer service.
It can cut costs and improve process efficiency by contracting third-party workers to help answer calls, send emails, and operate live chat features.
In the current business landscape, work-from-home outsourcing continues to grow. In fact, a survey by Clutch highlights that more than one-third (37%) of small enterprises are already outsourcing a business process.
How Does Work-From-Home Outsourcing Differ From Remote Staffing?
While both remote outsourcing and remote staffing involves taking jobs that are typically conducted within the office and sending them to a distant location, there is one differentiator.
They differ in the nature of the management-worker relationship.
In simple terms, a company that outsources jobs simply sends work to contractors. Remote workers, however, are never actually employees of the company.
What are the Benefits of Remote Outsourcing Solutions?
While the pandemic has made it a norm, many companies have long been practicing a remote work set-up.
With advances in technology, it has become even more popular today.
If you are still not sure about what work-from-home outsourcing can do for your business, check out these benefits!
One of the most important benefits of WFH outsourcing is the potential savings.
Employing virtual outsourcing solutions can help you eliminate the need to pay the traditional expenses of having an office and other factors such as utilities and rent.
Remote outsourcing can help lower your tax burden as well.
A report by Global Workplace Analytics shows that US businesses compatible with remote work have the potential to save almost $11,000 per employee each year.
Outsourcing and work-from-home make the perfect combination.
With remote outsourcing, it is easier to add additional team members when necessary, without worrying about workstations or compensations.
With additional tasks being handled by a third party, your existing team will not feel burdened, giving them the time and space to focus on the larger business goals.
3. Outsourcing’s Remote Understanding
Whether it be accounting and payroll services or customer support and contact center operations, numerous companies trust remote partners, some onshore and many offshore, to oversee its vital back- and front-office solutions.
The remote outsourcing industry is equipped with deep expertize when it comes to overseeing, motivating and measuring distributed teams.
From offshore specialists in far-off time zones to onshore yet off-site teams, successful outsourcing programs require balancing knowledge, workloads, and personnel across often-distant locations.
Companies providing work-from-home outsourcing solutions have proven expertize in such matters.
4. Improved Productivity
A study by Airtasker (a gig economy platform) revealed that remote workers put in an additional 1.4 days of work or three extra weeks per year compared to office employees.
In other words, they tend to be more productive.
This might be because remote workers feel more fulfilled owing to better work-life balance. This has a direct impact on revenue generation.
5. Global Talent Pool
As the world becomes increasingly interconnected, it is becoming critical for business owners to access talent from around the globe.
Instead of depending on staff who live within commuting distance, remote outsourcing can help you tap the abilities of some of the best experts in their fields. And with a wider talent pool to choose from, you can quickly find someone who is truly cut out for the job.
The Way Ahead
If the pandemic has shown us anything, it is that remote work is a viable option for many companies. Businesses across the globe are allowing employees to work from home with some even letting go of their offices completely,
With outsourcing remote work being beneficial to both employers and employees, it is time to look into the many returns of remote outsourcing.
Such a model provides you with opportunities for growth and innovation. Your virtual outsourcing solutions partner will equip you with the right technology and resources to help your team adjust better while you enjoy a specialized remote workforce in your most badly-hit departments.
This is the second installment of our series on Remote Outsourcing where we explore the many ways in which work-from-home outsourcing is shaping the business landscape, providing innumerable opportunities for long-term-growth.