Top 3 Options for Outsourcing Admin Services
As the demand for administrative functions increases, the demand for outsourcing also increases as businesses look for service providers who offer affordable human resource management and payroll services. Businesses can take advantage of three options to outsource administrative functions, each with its own advantages and disadvantages.
Freelancers
Hiring a freelancer involves employing an individual on a contract or project basis. To hire a freelancer, the employer needs to post the role on a freelance job site with a description of the work and required skills. He can select any of the freelancers who meet his job description and skills at an affordable price. Small-business owners usually prefer freelancers to complete a short-term or one-time job as it frees them up from having to pay a regular monthly salary, benefits and other costs. Employers don’t need to pay the freelancer when there is no work and pays only when the project gets completed satisfactorily.
One disadvantage of freelancing is hiring a freelancer who claims, but does not have, the skills required to complete the project. The lack of hiring checks is also responsible for this. To avoid this, the employer must interview more than one freelancer while asking for some references and proof of past projects.
Home-based Employees
Working from home (WFH) is becoming a popular trend, presenting advantages and disadvantages for both the employee and employer. For the home-based worker, this type of arrangement saves travel costs and time, allows for some flexibility in schedule and dress code, increases their productivity and focus, and reduces the stress of a commute or a busy workplace. For some, WFH even improves their general health and well-being. For the employer, this arrangement eliminates the cost of renting office space.
However, daily working from home can create a disconnect between the employee and the social environment of the office. Employees who work regularly from home may have difficulty focusing and separating work life from home life, and therefore reduce productivity.
Outsourcing
Outsourcing refers to assigning part or the entire business function to a service provider on a contract basis. The client hands over the data and knowledge assets required to the provider, which then performs the tasks for as long as the contract is in effect.
Outsourcing is the best option if the work demands highly skilled workers service providers employ professional, reliable and dedicated workers. for the client, this process eliminates the cost of purchasing expensive software and hardware or machines, and helps companies focus on the core issues of the business. The outsourcing service provider also ensures they are fully aligned with the goals of the client.
One disadvantage is the risk to data protection. One way to avoid this is to stipulate strict regulations and penalties in the contract if the privacy is breached. it is also important to conduct due diligence on the service provider before choosing and signing the contract.
If you are a looking to expand your team without high costs, consider Yempo to provide you with the affordable, reliable and world-class outsourcing solution. To learn more, contact us today!
