The most successful companies possess strong teams, empowered leaders and functional expertise at both a strategic and tactical level. Through training and experience we all develop a specialist skill set that must be leveraged to ensure success. But what’s the most effective way of deploying these skills within your organisation?
For SMEs in particular, recruitment is a costly process. It involves a lot of your time, searching, securing and training the right candidate. According to research by Oxford Economics, published in HR Review, it costs £30,614 to hire a new employee, and 24 weeks for them to reach optimum productivity. And even then there’s no guarantee that things will work out; analysis by TimeJobs.com found that 62% of recruiters admit to hiring the wrong candidate, while research from Robert Half International says that bad hires result in:
If you don't have the capacity to do it yourself or risk a costly mistake if you hire the wrong person,
What's The Answer?
Well, the answer is to instigate a well followed practice by ALL successful SMEs in such circumstances, being;
Outsource To Leverage The Skills & Knowledge of The Industry Experts
Outsourcing is a business strategy that moves some of your functions, processes, activities and decision responsibility to third-parties. By putting in place an agreement, your chosen expert partner will resume responsibility for the outsourced function.
It’s possible to outsource almost anything, and it can be a lifesaver for SMEs, as it provides you with access to some of the most skilled professionals in the industry, without having to pay hefty salaries, or committing to anything long-term. The beauty of outsourcing is that you can outsource an entire function or only a part of it, which allows you to focus on your core business and create a competitive advantage by reducing operational costs.
Your 4 Reasons To Outsource
Your Strategic Business Partner
We have worked alongside a number of SMEs, supplementing their in-house skills to create powerful strategies that are capable of adapting rapidly to any changes in the competitive landscape, commercial and economic climate. Developing a business strategy, marketing strategy and sales strategy, we will help you to realise your business goals, as well as providing business mentoring to aid in every step of your journey.
If you need help overcoming your business challenges, we can transform your operations through our knowledge and expertise across all business disciplines, so you can achieve significant growth and better profitability.
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