Outsourcing is a common practice used by businesses that involves hiring outside companies to perform tasks for the business.
While there is a case for both, outsourcing specialist roles such as Change Management, Project Management, HR, Accounting and Marketing shows clear benefits such as:
- Accessing skilled expertise
- Focussed efforts
- Brings in fresh perspective
- Reducing overheads (charge per project – not a fixed salary)
- Flexible staffing
- Increased efficiency
- Reduced turnaround time and eventually generating more profit
There is no right or wrong – it all comes down to the organisation’s needs, strategy and targets.