When you run any sort of business, there is often an opportunity to offload some of the work that you have to do to outsourcers rather than using in-house employees. There are lots of things that you wouldn’t even consider doing, such as the office cleaning, for example. You simply employ an office cleaner to come in and do that for you after working hours have finished.
There are many companies that you can use to outsource certain tasks rather than hiring additional employees or assigning them to existing staff. Outsourcing helps you to maintain your focus on core tasks, and by doing this you get rid of mundane jobs that take up time and add no value to your business. Now you can concentrate on work that benefits your business and increases profitability instead of the opposite.
Not only that, but you can save a considerable amount of money. For instance, you may need to buy an expensive piece of machinery to carry out a certain function, yet at the same time you could get this done by an outside company, saving you not just the cost of the machinery but the time and effort that you would have to put in to produce the product.
You might find that your business is growing fast and that you need extra office space. Rather than go to the expense – and in most cases inconvenience - of moving your office to larger premises, which could also make for longer commute times for your staff, perhaps you could outsource your telephone sales lead generation to an outside company. You would save on the cost of the move, on employing extra staff to do the work, and of course the costs of the equipment – desks, chairs, phones, and so on – as well as the ongoing costs of making the calls.
You may have some jobs to do which are either seasonal or which have peaks and troughs. When you have a peak, you could outsource the tasks, and when things slow down, you can return to doing the work in-house until the next peak looms up.
In some instances, you will find that by outsourcing a job, the company that you use will have greater expertise in that particular area than your own employees do, so you will get a better result than doing it yourself, and/or save yourself the cost of training up existing staff.
This applies to things such as payroll, for example. Payroll is fraught with complexities because it requires constant updating of knowledge of the latest rules and regulations, and therefore it is easy to make mistakes. This can result in under-payment or over-payment of taxes, late filing of returns, and other errors which can lead to fines from HMRC. Using a payroll agency in London will ensure that your returns are made on time and above all are accurate. That is not to say that a mistake will never be made, but it is far less likely to occur if you are using the services of an outside expert rather than a staff member who you may have trained to do the job on a part time basis – say a couple of days a week – and who may not be fully “au fait” with everything.
Not only that but using a payroll agency in London will in all probability actually save you money over and above the cost of doing it yourself. Even if it didn’t and you only broke even, you still have the comfort of knowing that your tax returns are going to be correct and on time – and you have no worries about staff absences through holidays or sickness.